According to the company’s exchange filing, total income also saw a slight reduction, dropping to ₹11,743.06 crore in the October-December 2024 quarter from ₹11,819.70 crore in the previous fiscal’s corresponding period. However, the company managed to cut down its expenses to ₹6,828.65 crore from ₹7,076.49 crore a year ago.
In a positive development for shareholders, the company’s board has approved a second interim dividend of ₹3.25 per equity share (₹10 each), amounting to 32.50% of the paid-up equity share capital. The dividend is scheduled to be distributed to members on February 28, 2025.
Additionally, the board has given the green light for an investment of ₹370.02 crore for the "implementation of LILO (Line-In Line-Out) of both circuits of the 400kV Vindhyachal Power Station-Sasan Direct Current line at Hindalco Switchyard."
This strategic investment underscores Powergrid’s continued efforts to enhance its transmission infrastructure and maintain its leadership position in India’s power sector.
