POWERGRID’S NINE MONTH FY21 NET PROFIT (PAT) RISES 10% TO ₹8,420 CRORE
POWERGRID’S NINE MONTH FY21 NET PROFIT (PAT) RISES 10% TO ₹8,420 CRORE, TOTAL INCOME ALSO GROWS BY 7% TO ₹ 29,822 CRORE
Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Company under Ministry of Power, GoI has posted Profit Afer Tax and Total Income for the nine months ended 31st December 2020 on standalone basis as ₹8,420 crore and ₹29,822 crore respec8vely, which are about 10% and 7% higher with respect to corresponding period of FY20. On consolidated basis, the Profit AKer Tax
and Total Income are ₹8,510 crore and ₹30,007 crore are respec8vely, registering a growth of 10% and 7% respec8vely with respect to corresponding period of FY20.
The Company has posted Profit AKer Tax of ₹3,324 crore and Total Income of ₹10,311 crore for Q3 FY21 on standalone basis, registering an increase of about 24% & 9% respec8vely with respect to corresponding period of FY20.
While on consolidated basis, the Company has posted Profit AKer Tax and Total Income of ₹3,368 crore and ₹10,359 crore respec8vely for Q3FY21, registering an increase of about 26% & 9% respectively with respect to corresponding period of FY20.
POWERGRID’s physical assets (including subsidiaries) include 1,68,000 ckm of transmission lines, 253 substations with transformation capacity of about 4,25,000 MVA.
During the year, with the use of state-of-the-art maintenance techniques, automaton and
digitization, POWERGRID maintained average transmission system availability of 99.80% upto Dec 31, 2020.