POWERGRID FY 14 profit rises 6 % at Rs. 4,497 crore

Sarkaritel
By Sarkaritel May 31, 2014 11:00

POWERGRID FY 14 profit rises 6 % at Rs. 4,497 crore


powergridNew Delhi, May 30 : Power Grid Corporation of India Limited (POWERGRID), a ‘Navratna’ Company and the ‘Central Transmission Utility (CTU)’ of the country, has posted a net profit of Rs. 1,176 crore for the fourth quarter of FY 2013-14 (January-March, 2014).

POWERGRID had registered a net profit of Rs. 4,497 Crore over a turnover of Rs. 15721 Crore in the FY 2013-14, registering a growth of about 18% in Turnover and 6% in Net Profit compared to FY 2012-13.
The Company proposed a final dividend of 13.1% in addition to interim dividend of 12.7% paid for the financial year 2013-14.

At present, POWERGRID is operating about 107,500 ckt. kms. of transmission lines along with 185 Sub-stations with transformation capacity of more than 206,000 MVA. With the use of state-of-the-art preventive maintenance techniques, average availability of transmission system during the year 2013-14 was maintained at 99.92%.
The Company capitalized assets about Rs.15,904 crore upto March 2014 excluding 765 KV assets of about 1850 crore completed in March, 2014 to be capitalized in April, 2014. Inter-regional power transmission capacity of 6,300 MW was added during FY 14 enhancing the total Inter-regional transmission capacity of National Grid to about 38,550 MW.

Sarkaritel
By Sarkaritel May 31, 2014 11:00