State-run energy transmission company Power Grid Corp of India reported a jump in third-quarter profit on Wednesday, buoyed by strong power demand amid a surge in industrial output.
Electricity generation in India rose 8.7% from a year earlier in the December quarter, which analysts attribute to festive activities and strong industrial demand. Power Grid’s consolidated net profit rose 10.5% year-on-year to 40.28 billion rupees ($485.6 million) in the three months to Dec. 31, climbing for the second straight quarter.
