30/05/2018
POWERGRID has posted a Net Profit of ₹8,239 crore on a Total Income of ₹30,766 crore for FY 2017-18, registering a growth of about 16% in Total Income and 10% in Net Profit as compared to FY 2016-17, on a standalone basis. The Company surpassed ₹30,000 Crore Total Income and ₹ l8,000 Crore Profit After Tax for the first time.
For the fourth quarter of FY 2017-18, the Company has posted a Net Profit of ₹2,005 Crore, as against a Net Profit of ₹1,916 Crore registering an increase of 5% with respect to corresponding period of FY 2016-17.
The Company capitalized assets worth ₹27,370 Crore and incurred a capital expenditure to the tune of ₹25,791 Crore during FY 2017-18. For FY 2018-19, the Company has planned a capital expenditure of ₹25,000 Crore.
The Company has proposed a final dividend of 28% (₹2.80 per share on a face value of ₹10/- each) in addition to interim dividend of 24.5% (₹2.45 per share on a face value of ₹10/- each) already paid for the financial year 2017-18.
During FY 2017-18, POWERGRID completed inter-regional transmission elements - 765 kV D/C Jabalpur–Orai, LILO of 765 kV S/C Satna-Gwalior at Orai, Pole-III & IV of NER Agra HVDC & Pole-II of Champa Kurukshetra HVDC thereby, enhancing the Inter-Regional Power transfer capacity by 11,400 MW. In addition, a number of major transmission lines were commissioned during the year, some of which include 765 kV D/C Ajmer-Chittorgarh, 400 kV D/C Kameng-Balipara, 400 kV D/C Aurangabad-Boisar, 765 kV D/C Aurangabad-Padghe, 400 kV D/C Padghe-Kudus-Kala, 765 kV D/C Wardha-Nizamabad and 400 kV D/C Kishenpur-Dulhasti & Kishenpur-New Wanpoh transmission lines.
POWERGRID during FY 2017-18 successfully acquired ERSS XXI Transmission Limited and WR-NR Power Transmission Limited under TBCB. POWERGRID’s TBCB subsidiaries viz., POWERGRID Vizag Transmission Ltd. & POWERGRID Unchahar Transmission Ltd. declared maiden dividends during FY 2017-18.
As at the end of FY2017-18, POWERGRID is operating about 148,300 ckt. kms. of transmission lines along with 236 Sub-stations with transformation capacity of more than 332,100 MVA. With the use of state-of-the-art maintenance techniques, average Availability of transmission system during the year 2017-18 was maintained at a high of 99.81% as compared to 99.79% for FY 2016-17.