POWERGRID’s PAT Crosses Rs. 10,000 Crore, Gross Assets surpass Rs. 2,00,000 Crore for first time on Consolidated basis PERFORMANCE

POWERGRID s PAT Crossed 10000 Crore in FY - 2018 -19

 

New Delhi: Power Grid Corporation of India Limited (POWERGRID), a ‘Navratna’ Company under Ministry of Power, Government of India and the ‘Central Transmission Utility (CTU)’ of the country, crossed Rs. 10,000 Crore profit for the first time as it posted a Profit After Tax of Rs. 10,034 Crore on consolidated basis. 
 
On a standalone basis, the Company posted Profit After Tax (PAT) and Total Income of Rs. 9,939 Crore and Rs. 35,618 crore respectively for FY19 registering an increase of 21% & 16% respectively with respect to FY 2017-18.
 
During the year, POWERGRID capitalized assets worth Rs. 25,869 crore including its subsidiaries. The Gross Assets of the Company increased to Rs. 1,97,793 crore as at the end of FY19 from Rs. 1,77,100 crore as at the end of FY18 on standalone basis. Capital expenditure for the year including subsidiaries was Rs. 25,807 crore during the financial year. 
The Company has proposed a final dividend of 25% (Rs. 2.50 per share on a face value of Rs. 10/- each) in addition to interim dividend of 58.3% (Rs. 5.83 per share on a face value of Rs. 10/- each) already paid for the financial year 2018-19. 
 
During FY 2018-19, POWERGRID completed inter-regional transmission lines viz. 765 kV D/C Jharsuguda-Dharamjaygarh and 765 kV D/C Banaskantha-Chittorgarh thereby, enhancing the Inter-Regional Power transfer capacity by 8,400 MW. In addition, a number of major transmission lines were commissioned during the year, some of which include Angul-Jharsuguda, Aligarh-Orai, Bhuj-Banaskantha, Tumkur (Pavagada) Hiriyur, Farakka-Beherampur, Silchar-Melriat and Tezu-Namsai transmission lines. 
 
POWERGRID’s TBCB subsidiaries viz. POWERGRID Parli Transmission Ltd., POWERGRID Warora Transmission Ltd., POWERGRID Jabalpur Transmission Ltd. and POWERGRID NM Transmission Ltd. became fully operational in FY18-19. POWERGRID during FY18-19 secured its first intra-state TBCB project- POWERGRID Jawaharpur Firozabad Transmission Ltd., which is in the state of Uttar Pradesh.
 
With the use of state-of-the-art maintenance techniques, automation and digitization, POWERGRID maintained average transmission system availability of 99.71% for 2018-19.
 
As at the end of FY19, the total transmission assets of POWERGRID and its subsidiaries stood at 158,297 ckm of transmission lines, 245 sub-stations and 371,912 MVA of transformation capacity. 


Posted Date :  30-05-19

Categories : PERFORMANCE

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