PowerGrid's PAT rise by 10 percent to Rs 8420 crore

New Delhi: Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Company under Ministry of Power, Government of India has posted Profit After Tax and Total Income for the nine months ended 31st December 2020 on a standalone basis as Rs 8,420 crore and Rs 29,822 crore respectively, which are about 10% and 7% higher with respect to the corresponding period of FY20. On a consolidated basis, the Profit After Tax and Total Income is Rs 8,510 crore and Rs 30,007 crore are respectively, registering a growth of 10% and 7% respectively with respect to the corresponding period of FY20.

The Company has posted a Profit After Tax of Rs 3,324 crore and a Total Income of Rs 10,311 crore for Q3FY21 on a standalone basis, registering an increase of about 24% & 9% respectively with respect to the corresponding period of FY20. 

While on a consolidated basis, the Company has posted Profit After Tax and Total Income of Rs 3,368 crore and Rs 10,359 crore respectively for Q3FY21, registering an increase of about 26% & 9% respectively with respect to the corresponding period of FY20.

POWERGRID’s physical assets (including subsidiaries) include 1,68,000 km of transmission lines, 253 substations with a transformation capacity of about 4,25,000 MVA.  

During the year, with the use of state-of-the-art maintenance techniques, automation, and digitization, POWERGRID maintained average transmission system availability of 99.80% up to Dec 31, 2020.

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