Power Grid posts 6% growth in FY21 PAT at Rs 12,036 cr; net income rises 9%

State owned power transmission company Power Grid Corporation of India Limited (PGCIL) saw its profit after tax rise by 6 percent to Rs 12,036 crore, during the financial year 2020-21. 

The net income of the company also increased by 9 per cent to Rs 40,824 crore during the same period. 

For the quarter ending March, 2021, the total Income and profit after tax stood at Rs 10,816 crore and Rs 3,526 crore respectively.

The company in a statement to the bourses said it incurred a capital expenditure of Rs 11,284 crore and capitalized assets worth Rs 21,467 crore during FY21.