POWERGRID Q1 Net profit rises Rercent to Rs. 2052 crore Total Income grows by 18 Percent to Rs. 7390 crore

New Delhi: Power Grid Corporation of India Limited (POWERGRID), a ‘Navratna’ Company under Ministry of Power, GoI, has posted a net profit of Rs. 2,052 crore for the first quarter of FY 2017-18 (April-June, 2017), an increase of 14% against Rs. 1,802 crore reported during the corresponding quarter ended June 30, 2016.

 

Total Income (Turnover) for the first quarter (April-June, 2017), rose to Rs 7,390 crore, up by 18% from ? 6,259 crores in the corresponding year ago period.

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.

 

In the first three months (April - June, 2017) of the current financial year i.e. 2017-18, POWERGRID has added about 1,640 ckm of transmission lines and three substations with aggregate transformation capacity of 4,130 MVA. 

 

Some of the major transmission elements commissioned during the period April-June, 2017 are 765kV D/C Wardha-Nizamabad (Inter-Regional link), 400kV D/C Kakrapar- Navsari, Kakrapar-Vapi,  400kV D/C Lucknow-Kanpur, 132kV S/C Pasighat - Roing & 132kV Roing – Tezu. The substations commissioned during the period are 765kV Nizamabad, 132kV Roing and 132kV Tezu.

 

POWERGRID‘s physical assets as on June 30, 2017 include more than 140,700 ckm of transmission lines, 222 substations with transformation capacity of more than 2,93,600 MVA.  

 

With the use of state-of-the-art maintenance techniques, average Availability of transmission system during the year 2016-17 was maintained at 99.79% and during the current year, the same has been maintained at 99.82% for the first quarter.