Sunday, September 24, 2023

Powergrid posts Rs.5, 046 crore profit after tax

Himalayan Paths

Power Grid Corporation of India Limited (POWERGRID), a �Navratna� Company and the �Central Transmission Utility (CTU)� of the country, has posted a Profit After Tax of Rs.5, 046 crore on consolidated basis, surpassing Rs.5, 000 crore mark for the first time.

The Company has posted a net profit of Rs.1,412crore for the fourth quarter of FY 2014-15 (January-March, 2015),a growth of 20% with respect to corresponding period of FY 2013-14. The company hasregistered a net profit of Rs.4,979 crore over a turnover of Rs.17,780 crore in the FY 2014-15, registering a growth of about 13% in Turnover and 11% in Net Profit compared to FY 2013-14 on standalone basis.

The Company proposed a final dividend of 13.1% in addition to interim dividend of 6.9% paid for the financial year 2014-15.

At present, Powergrid is operating about 116,500 ckt. kms. of transmission lines along with 194 Sub-stations with transformation capacity of more than 234,000 MVA. With the use of State-of-the-Art maintenance techniques, average Availability of transmission system during the year 2014-15 was maintained at 99.87%.

The Company capitalized assets about Rs.21, 760crore during FY15, which is highest ever in a year and incurred a capital expenditure to the tune of Rs.22,450 crore during the period. The Gross fixed assets of the company stands at Rs. 118,264 crore.

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