PowerGrid Q9 net profit rises 11 % at Rs 6,234 crore

Total Income increases by 16% to Rs 22,667 crore

Thesynergyonline Energy Bureau

NEW DELHI, FEBRUARY 02 : India's The Central Transmission Utility (CTU) , Power Grid Corporation of India (PowerGrid) posted a net profit of Rs 6,234 crore for the nine month period (April-December'17) in FY2017-18, an increase of 11 per cent over the corresponding year-ago period. The Total Income during the period stood at Rs 22,667 crore, an increase of 16 per cent over the corresponding year-ago period.

Q3 PAT Rs 2,041 crore

An interim dividend of Rs 2.45 per share (face value of the share of Rs 10 each) was also declared by the company.

Pays interim dividend of Rs 2.45 per share

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

On standalone basis net profit at Rs 7,520 crore

The major lines commissioned during the quarter ended December 31, 2017 include 765kV D/C Aurangabad-Padghe, 765kV D/C Ajmer-Chittorgarh, 400kV D/C Aurangabad-Boisar and 400kV D/C Kala-Kudus & Padghe-Kudus transmission lines.

Lines commissioned

The company has capitalized assets of about Rs 19,566 crore in the period April-December'17 and incurred a capital expenditure to the tune of Rs 17,906 crore in the period.

Capital assets

In the current financial year i.e. 2017-18, PowerGrid has added about 6,300 ckm of transmission lines; eleven (11) substations and an aggregate transformation capacity of about 34,000MVA between April '17 to December'17. With this, PowerGrid 's physical assets as on December 31, 2017 included more than 145,000 ckm, 230 substations with transformation capacity of about 323,700 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 99.81% for the period Apr-December'17.

Transmission lines added