POWERGRID FY-20 Profit After Tax Rises 10 Pct.

New Delhi: Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Company under Ministry of Power, GoI and the ‘Central Transmission Utility (CTU)’ of the country, has posted a Profit After Tax of ?11,059 crore and Total Income of ?38,671 crore on consolidated basis for the financial year ended March 31, 2020. On standalone basis, the Company posted Profit After Tax and Total Income of ?10,811 crore and ?38,318 crore respectively for FY20 registering an increase of 9% & 8% respectively with respect to FY 2018-19.

For the quarter (Jan-March, 2020), the Profit After Tax and Total Income on standalone basis are ?3,183 crore and ?10,410 crore respectively, i.e. about 4% and 8% higher with respect to corresponding period of FY2018-19, while on consolidated basis, the Profit After Tax and Total Income are ?3,313 crore and ?10,508 crore are respectively, both registering a growth of 8% over the corresponding period of the previous financial year.
 
For the financial year FY2019-20, the Company incurred a Capital Expenditure of about ?15,313 crore and capitalised assets worth ? 18,234 crore (excluding FERV) on consolidated basis.
 
POWERGRID’s Gross Fixed Assets on a consolidated basis stood at about ?2,27,543 crore as on March 31, 2020 as against ?2,07,215 crore as on March 31, 2019.
 
The Company has proposed a final dividend of 40.40% (?4.04 per share on a face value of ? 10/- each) in addi- tion to interim dividend of 59.60% (?5.96 per share on a face value of ? 10/- each) already paid for the financial year 2019-20, thereby taking the total dividend for the year to Rs.10 per share.
 
Major transmission elements commissioned during FY2019-20 include Pole-III & IV of ±800kV Champa-Ku- rukshetra HVDC enhancing the total Inter-Regional Power transfer capacity by 3,000MW. Some other important transmission lines and substations commissioned during the year include 400kV D/C Madhugiri (Tumkur)-Yela- hanka, 765kV D/C Moga-Bikaner, 765kV D/C Bhadla-Bikaner, 765kV D/C Ajmer-Bikaner, 400kV D/C Edamon (KSEB)-Muvattupuzha (PG), 765kV D/C Vemagiri- Chilakaluripeta, 765kV D/C Chilakaluripeta-Cuddapah transmission lines and substations at Bhadla, Bikaner and Chilakaluripeta.
 
POWERGRID’s TBCB subsidiary viz., POWERGRID Southern Interconnector Transmission System Limited became fully operational in FY2019-20. With this, eight POWERGRID TBCB subsidiaries have become fully operational. During the year, POWERGRID secured seven TBCB projects in both inter-State and intra-State segments.
 
With the use of state-of-the-art maintenance techniques, automation and digitization, POWERGRID maintained average transmission system availability of 99.82% for 2019-20.
 
As at the end of FY20, the total transmission assets of POWERGRID and its subsidiaries stood at 163,222 ckm of transmission lines, 248 substations and 409,898 MVA of transformation capacity.

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