PowerGrid

9-month profit

rises by 10% to

Rs 8420 crore

Total income also
up by 7% to
Rs 29,822 crore

PowerGrid 9MFY21 net profit rises 10% to Rs 8,420 crore

PowerGrid statement
PowerGrid 9MFY21 net profit rises 10% to Rs 8,420 crore Tufte CSS

Thesynergyonline Corporate Bureau

GURUGRAM, FEBRUARY 11 : Power Grid Corporation of India (PowerGrid ), a 'Maharatna' Company under Ministry of Power, GoI has posted profit after tax and total income for the nine months ended December 31 2020 on standalone basis at Rs 8,420 crore and Rs 29,822 crore respectively, which are about 10 per cent and 7 per cent higher with respect to corresponding period of FY20.

On consolidated basis, the Profit After Tax and Total Income are Rs 8,510 crore and Rs 30,007 crore are respectively, registering a growth of 10 per cent and 7 per cent respectively with respect to corresponding period of FY20.

The company has posted Profit After Tax of Rs 3,324 crore and Total Income of Rs 10,311 crore for Q3FY21 on standalone basis, registering an increase of about 24 per cent and 9 per cent respectively with respect to corresponding period of FY20. PowerGrid 9MFY21 net profit rises 10% to Rs 8,420 crore

While on consolidated basis, the Company has posted Profit After Tax and Total Income of Rs 3,368 crore and Rs 10,359 crore respectively for Q3FY21, registering an increase of about 26 per cent and 9 per cent respectively with respect to corresponding period of FY20.

PowerGrid statement

Company's physical assets (including subsidiaries) include 1,68,000 ckm of transmission lines, 253 substations with transformation capacity of about 4,25,000 MVA.

In the year, with the use of state-of-the-art maintenance techniques, automation and digitization, the company maintained average transmission system availability of 99.80 per cent upto December 31, 2020.

PowerGrid 9MFY21 net profit rises 10% to Rs 8,420 crore PowerGrid 9MFY21 net profit rises 10% to Rs 8,420 crore On consolidated basis, the Profit After Tax and Total Income are Rs 8,510 crore and Rs 30,007 crore are respectively, registering a growth of 10 per cent and 7 per cent respectively Website Stats