POWERGRID Profit After Tax crosses Rs 6000 crore

New Delhi.  Power Grid Corporation of India Limited (POWERGRID), a ‘Navratna’  Company and the ‘Central Transmission Utility (CTU)’ of the country, has posted a  net profit of Rs.6,027 crore over a turnover of Rs. 21,281 crore for FY 2015-16,  registering a growth of about 20% in Turnover and 21% in Net Profit compared to FY  2014-15, on a standalone basis. The Company surpassed Rs.6,000 crore Profit After  Tax for the first time. 
 
For the fourth quarter of FY2015-16, the Company has posted a net profit of Rs.  1,599 crore, a growth of 13% with respect to corresponding period of FY 2014-15.
 
The Company has proposed a final dividend of 15.1%  in addition to interim dividend  of 8.0% (already paid) for the financial year 2015-16. 
 
At present, POWERGRID is operating about 129,600 ckt. kms. of transmission lines  along with 208 Sub-stations with transformation capacity of more than 255,000 MVA.  With the use of state-of-the-art maintenance techniques, average Availability of  transmission system during the year 2015-16 was maintained at 99.72%.
 
The Company capitalized assets about Rs.31,800 crore during FY2015-16, which was  highest ever in a year; and incurred a capital expenditure to the tune of ~  Rs.22,580 crore during the period.
 

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