Powergrid Corporation of India Ltd (PGCIL), the country’s largest power transmission utility, has posted a 156 per cent jump in net profit for the quarter ended March 2009, following clearance of past transmission charges by the regulator.

The company posted a net profit of Rs 616 crore in the quarter, against a net profit of Rs 240 crore in the corresponding quarter the previous year.

Also Read   Related Stories News Now - RGPPL defers decision on raising tariff - RGPPL defers decision on CERC order raising tariff - CERC for inter-state trade of wind power - RGPPL inks pact with GE to repair, modernise gas turbines at Dabhol - Powers investors jittery over increasing trading bans - CERC to set new criteria of power generation, transmission

Also Read   Related Stories News Now - Pre-market: Gap down opening seen - Rajat Gupta defence takes aim at trader's credibility - Facebook over, let's go to the movies - Surging Spain borrowing costs hit Asian shares - FII-TO-FII: Pantaloon traded at 9% premium More

Total income of the company in the quarter has also increased 35 per cent at Rs 2,334 crore as compared to Rs 1,729 crore posted in the corresponding quarter the previous year.

For the financial year ended March 2009, the transmission utility has posted a 17 per cent jump in net profit at Rs 1,690 crore. Total income for the year has also increased 38 per cent at Rs 7,028 crore.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Pre-market: Gap down opening seen - Rajat Gupta defence takes aim at trader's credibility - Facebook over, let's go to the movies - Surging Spain borrowing costs hit Asian shares - FII-TO-FII: Pantaloon traded at 9% premium

Tags : pgcil | cerc | Powergrid   Read Business news in  Advertisements -  India's no. 1 Property Site. Click here to know more -   -  "Discover The Power of One" -  Help a Child Achieve her. Click to know more -  The Best Seller is Also the No. 1 in Mileage. Click here -  Watch The Film Here. Click here to know more.. -  Learn How One City is Running on FOOD SCRAPS. -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More -  2 Lac Apartments, 1 Lac House / Plots. Click here