POWERGRID Q1 profit rises 20% at ` 1040 crore Total Income scales up 22% at ` 3634 crore

Mumbai, Power Grid Corporation of India Limited (POWERGRID),  has posted a net profit of ` Rs 1040 crore for the first quarter of FY 2013-14 (April-June, 2013), an increase of 20% against Rs  870 crore reported during the corresponding quarter ended June 30, 2012.

 

Total Income (turnover) for first quarter (April-June, 2013), rose to Rs  3634 crore, up by 22% from Rs  2980 crore in the corresponding year-ago period.

 

POWERGRID had registered a net profit of Rs  4234.5 crore on a turnover of  Rs ` 13,329 crore in the FY 2012-13, registering a growth of about 23.6% in Turnover and 30% in Net Profit compared to FY 2011-12 and the Company has declared a total dividend of 27.5%.

 

At present, POWERGRID is operating more than 101,000 ckt. kms. of transmission lines along with 169 Sub-stations and transformation capacity of about 168,000 MVA. During the first quarter, Inter-Regional power transmission capacity of 2100 MW has been added thereby enhancing the total Inter-Regional power transmission capacity of the National Grid to about 31,850MW. The average availability during the quarter was maintained at 99.9%.

 

During the 12th Plan period (2012-2017), POWERGRID has planned capital expenditure of   Rs  100,000 crore. The company has a capex plan of Rs 20,000 crore for the current financial year.