PowerGrid posts biggest intraday gain in over 2 weeks

Agencies Updated - May 30, 2018 at 02:05 PM.

HYDERABAD (AP) -31-07-2012 - BL/ STAND ALONE PIC : POWER GRID FAILURE HITS INDIA FOR THE SECOND DAY : India's power grid divided into five zones - the North , East , South , West and North East was disrupted for the second day consecutively . The grid meant to optimally utilise the unevenly distributed power resources tripped in the Northern and Eastern regions hitting power utilities in New Delhi , NCR , Uttar Pradesh , Haryana , West Bengal , Assam and Punjab .The grid frequency falls when there is excess drawl of electricity or the generation is less and increases when there is excess supply or the drawal is less. The grid is a network of power lines that evacuates electricity from a generating station. A grid collapses when the frequency falls below the lower limit of the (49.5-50.2Hz) band or increases beyond the upper limit. As a result, transmission lines stop accepting power supply and other grid constituents, including the generating stations, go offline. Photograph shows transmission line grid from the NTPC , Ramagundam Power Station in Karimnagar District of Andhra Pradesh . PHOTO: P_V_SIVAKUMAR .

Shares of Power Grid Corp of India Ltd rose as much as 2.4 per cent to Rs 211.95, their biggest intraday percentage gain in over 2 weeks, on March-quarter results.

The company has reported 4.6 per cent rise in its Q4FY18 net profit on the back of better revenue and operating income. It has posted a net profit of Rs 2,004.7 crore against Rs 1,916.4 crore in the same quarter last fiscal.

Revenues were up 16.5 per cent at Rs 7,811.3 crore against Rs 6,705.6 crore. Other expenses surged 47 per cent to Rs 815 crore. However, earnings missed analyst estimate, according to Thomson Reuters data.

More than 7.7 million shares traded as of 0544 GMT, compared with the 30-day average trading volume of 8.1 million shares.

Published on May 30, 2018 08:15