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Power Grid Corporation net profit up over 8% in Q2; declares 50% dividend

State-owned Energy Grid Company on Saturday posted over eight per cent rise in consolidated internet revenue at Rs 3,650.16 crore within the September quarter of FY23, primarily on the again of upper revenues.

The consolidated internet revenue of the corporate was Rs 3,376.38 crore within the quarter ended on September 30, 2021, a BSE submitting confirmed.

The entire revenue of the corporate rose to Rs 11,349.44 crore within the quarter from Rs 10,514.74 crore in the identical interval a yr in the past.

Board of administrators, in its assembly held on Saturday, accepted the fee of an interim of Rs 5 per fairness share of Rs 10 every (@50 per cent of the paid-up fairness share capital) for the monetary yr 2022-23.

(Solely the headline and movie of this report could have been reworked by the Enterprise Commonplace employees; the remainder of the content material is auto-generated from a syndicated feed.)

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