POWERGRID has Posted Profit

New Delhi: Power Grid Corporation of India Limited, has posted a net profit of Rs. 2,141 crore for the second quarter of FY 2017-18 (Jul-Sep, 2017), an increase of 14% against ? 1,872 crores reported during the corresponding quarter ended September 30, 2016.

Total Income (Turnover) for the second quarter (Jul-Sep, 2017) rose to Rs. 7,492 crore, up by 16% from Rs. 6,480 crore in the corresponding year-ago period. 

Income for the first half of financial year FY18 rose to Rs. 14,882 crore, an increase of 17% over Rs. 12,739 crores reported last year. On a standalone basis, POWERGRID had registered a net profit of Rs. 7,520 crore on a turnover of Rs. 26,581 crore in the FY 2016-17.

 

During the second quarter (Jul-Sep, 2017) of the current financial year i.e. 2017-18, POWERGRID has added about 2,260 km of transmission lines; four substations and aggregate transformation capacity of ~ 17,500 MVA. 

 

Some of the major transmission elements commissioned during the period July-September, 2017 are Pole-II of Champa-Kurukshetra HVDC, Pole-III & Pole-IV of NER-Agra HVDC in addition to 765kV D/C Maheshwaram-Nizamabad, 400kV D/C Kishenpur-New Wanpoh, 400kV D/C Lara (NTPC)-Champa (POWERGRID) and 400kV Mauda-Betul & Betul-Khandwa transmission lines. 

 

The substations commissioned during the period are Maheshwaram, Alipurduar HVDC, Alipurduar Pooling Station and Betul.

 

POWERGRID’s physical assets as on September 30, 2017, include more than 142,990 km of transmission lines, 226 substations with transformation capacity of more than 3,11,100 MVA.  

 

With the use of state-of-the-art maintenance techniques, average Availability during the current year has been maintained at 99.83% until the second quarter.