Excelsior Correspondent
JAMMU, June 25: Power Grid Corporation of India Limited (POWERGRID) has posted a Profit After Tax (PAT) of Rs 11,059 crore and total income of Rs 38,671 crore on consolidated basis for the financial year ended March 31, 2020.
On standalone basis, the company posted profit after tax and total income of Rs 10,811 crore and Rs 38,318 crore respectively for FY20 registering an increase of 9 per cent and 8 per cent respectively with respect to FY 2018-19.
For the quarter (Jan-March, 2020), the PAT and total income on standalone basis are Rs 3,183 crore and Rs 10,410 crore respectively, i.e. about 4 per cent and 8 per cent higher with respect to corresponding period of FY2018-19, while on consolidated basis, the PAT and total income are Rs 3,313 crore and Rs 10,508 crore are respectively, both registering a growth of 8 per cent over the corresponding period of the previous financial year.
For the financial year FY 2019-20, the company incurred a capital expenditure of about Rs 15,313 crore and capitalized assets worth Rs 18,234 crore (excluding FERV) on consolidated basis.
POWERGRID’s Gross Fixed Assets on a consolidated basis stood at about Rs 2,27,543 crore as on March 31, 2020 as against Rs 2,07,215 crore as on March 31, 2019.
The company has proposed a final dividend of 40.40 per cent (Rs 4.04 per share on a face value of Rs 10 each) in addition to interim dividend of 59.60 per cent (Rs 5.96 per share on a face value of Rs 10 each) already paid for the financial year 2019-20, thereby taking the total dividend for the year to Rs.10 per share.
With the use of state-of-the-art maintenance techniques, automation and digitization, POWERGRID maintained average transmission system availability of 99.82 per cent for 2019-20.
As at the end of FY20, the total transmission assets of POWERGRID and its subsidiaries stood at 163,222 ckm of transmission lines, 248 substations and 409,898 MVA of transformation capacity.
Trending Now
E-Paper
Follow our WhatsApp channel