POWERGRID’s consolidated Profit After Tax crosses ₹ 12,000 crore

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Power Grid Corporation of India Limited (POWERGRID) , a Maharatna CPSU under Ministry of Power has posted total Income of ₹ 40,824 crore and Profit After Tax of ₹12,036 crore on consolidated basis for the financial year ended March 31, 2021, registering a growth of 6 % and 9% respectively over corresponding amounts for FY 2019-20.  On a standalone basis, the Company achieved total Income of ₹ 40,527 crore  and Profit After Tax (PAT) of ₹ 11,936 crore  registering a growth of 6% and 10% respectively over the previous financial year.

For the fourth quarter (Jan-March, 2021), the Total Income and Profit After Tax on consolidated basis are ₹ 10,816 crore and ₹ 3,526 crore respectively, while on standalone basis, the Total Income and Profit After Tax are ₹ 10,705 crore and ₹3,516 crore respectively.

During the financial year FY 2020-21, the Company incurred a Capital Expenditure of ₹ 11,284 crore and capitalized assets worth ₹ 21,467 crore (excluding FERV) on consolidated basis. POWERGRID’s Gross Fixed Assets on a consolidated basis stood at ₹ 2,41,498 crore as on March 31, 2021 as against ₹ 2,27,543 crore as on March 31, 2020.

With the use of state-of-the-art maintenance techniques, automation and digitization, POWERGRID maintained average transmission system availability of 99.76% for FY 2020-21.

For the first time, the POWERGRID Board has recommended issuance of common shares of the Company as bonus shares in the ratio of 1:3 to its shareholders.

The Company has proposed a final dividend of 30% (₹ 3 per share on a face value of ₹ 10/- each) in addition to first and second interim dividends aggregating to  90% (₹ 9 per share on a face value of ₹ 10/- each) already paid for the financial year 2020-21.  The total dividend for the year thus amounts to ₹12 per share compared to ₹10 per share paid for the previous year.

In FY 2020-21, major transmission elements commissioned include Bipole-I of ±800 kV Raigarh – Pugalur HVDC system enhancing total Inter-Regional Power transfer capacity by 3,000 MW between Southern Region and Western Region, and state-of-the-art VSC technology based ±320 kV Monopole-II(1000MW) of Pugalur (Tamilnadu)-Thrissur(Kerala) HVDC system.

POWERGRID has been successful bidder in all the five TBCB (ISTS) projects with aggregate annual levelized tariff of ₹ 515.84 crore in FY 2020-21.

Central Transmission Utility of India Limited, a 100% owned subsidiary of POWERGRID has been designated as the CTU w.e.f 01.04.2021. This subsidiary will be subsequently made a separate Government owned company.

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