PowerGrid Q1 net profit rises 14% to ₹2,052 cr
Power Grid Corporation of India Limited, a 'Navratna' Company under Ministry of Power, GoI,has posted a net profit of 2,052 crore for the first quarter of FY 2017-18 (April-June, 2017), an increase of 14% against 1,802 crore reported during the corresponding quarter ended June 30, 2016.
Total Income (Turnover) for first quarter (April-June, 2017), rose to 7,390 crore, up by 18% from 6,259 crore in the corresponding year ago period.
On a standalone basis, PowerGrid had registered a net profit of 7,520 crore on a turnover of 26,581 crore in the FY 2016-17.
In the first three months (April - June, 2017) of the current financial year i.e. 2017-18, PowerGrid has added about 1,640ckm of transmission lines and three substations with aggregate transformation capacity of 4,130 MVA. Some of the major transmission elements commissioned during the period April-June, 2017 are 765kV D/C Wardha-Nizamabad(Inter-Regional link), 400kV D/C Kakrapar- Navsari, Kakrapar-Vapi, 400kV D/C Lucknow-Kanpur, 132kV S/C Pasighat - Roing &132kV Roing–Tezu. The substations commissioned during the period are 765kV Nizamabad, 132kV Roing and 132kV Tezu.
PowerGrid physical assets as on June 30, 2017 include more than 140,700ckm of transmission lines, 222 substations with transformation capacity of more than 2,93,600 MVA.