PSU Watch logo

| NRL inks pipeline ‘Right to Use’ sharing agreement with IGGL |   | To avert coal, power crisis in future, India mulls strategic coal & gas reserves |   | India's Foreign Exchange Reserves rises $1.49 Billion to touch $641 Billion |   | Cost of energy should not outstrip paying capacity of consuming nations: Hardeep Singh Puri |   | India successfully flight-tests High-Speed Expendable Aerial Target drone 'Abhyas' |   | States asked to align emission reduction targets with Centre, form BEE-like institutions |  

POWERGRID Q1 Consolidated Net profit rises to Rs 2503 Cr

The Navratna PSU has posted an increase of 10% against Rs 2278 Crore reported during the corresponding quarter ended June 30, 2018
New Delhi: Power Grid Corporation of India Limited (POWERGRID), a ‘Navratna’ Company under Ministry of Power, Government of India, has posted a consolidated net profit of Rs 2503 Cr for the Q1FY20, an increase of 10% against Rs 2278 Cr reported during the corresponding quarter ended June 30, 2018.


Total Consolidated Income for the first quarter (April-June, 2019), rose to Rs 9362 Cr, up by 12% from Rs 8376 Cr in the corresponding period year ago.


On a standalone basis, POWERGRID had registered a net profit of Rs 2428 Crore on a Total Income of Rs 9228 Crore in the FY 2018-19. POWERGRID’s physical assets as on April-June, 2019 include more than 1,58,000 ckm of transmission lines, 246 Sub-stations with transformation capacity of more than  3,75,000 MVA on a consolidated basis. With the use of state-of-the-art maintenance techniques, automation and digitization, POWERGRID maintained average transmission system availability of 99.77% for Q1FY20.