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Shares of Power Grid Corporation settled 2.80 per cent lower at Rs 233 apiece on the BSE.Share price of Power Grid Corporation of India Limited edged lower by more than 2 per cent on Friday, June 18, after the company announced its January-March quarter results for the financial year 2020-21.
On Friday, Power Grid Corporation opened on the BSE at Rs 247, inching to an intra day high of Rs 247, and an intra day low of Rs 230.20, throughout the trading session.
According to a regulative filing by the company to the stock exchanges, Power Grid reported a net revenue of Rs 3,526 crore, on a combined basis in the March quarter of financial 2020-21.
The state-owned electricity board reported a net earnings of Rs 3,313.47 crore in the matching quarter of the previous fiscal year, marking a development of 6 per cent for the 4th quarter of fiscal 2021.
The business's board of directors advised a final dividend of Rs.
3.00 per share, which is 30 percent on the paid-up equity share capital for the financial year 2020-21, upon the approval of investors.
The last dividend will be paid within 1 month from the date of its statement at the company's yearly meeting.
This dividend remains in addition to the first interim dividend of Rs 5 per share paid on January 8, and the second one of Rs 4 per share paid on March 30, this year, for the fiscal 2020-21.
On the NSE, Power Grid Corporation opened at Rs 244, registering an intra day high of Rs 245 and an intra day low of Rs 230.10, in the trading session today.
On the NSE, shares of Power Grid Corporation settled 2.33 per cent lower at Rs 234.25 apiece.Shares of Power Grid Corporation settled 2.80 per cent lower at Rs 233 apiece on the BSE.
Business
Power Grid Sheds Over 2% Even After Reporting 6% Increase In Revenue In March Quarter
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