PowerGrid in Q2FY21

The company incurred a capital expenditure of about Rs 3,100 crore and capitalized assets worth Rs 10,693 crore (excluding FERV) on consolidated basis during Q2FY21.

PAT at Rs 3,117 crore

Total Income rises by 8% to Rs 9,890 crore

Thesynergyonline Corporate Bureau

GURGAON , NOVEMBER 12 : Power Grid Corporation of India Limited (PowerGrid), 'Maharatna' Company under Ministry of Power, GoI and India's 'Central Transmission Utility (CTU)' has posted a PAT of Rs 3,094 crore and total income of Rs 9,831 crore on consolidated basis for Q2FY21.

PowerGrid Q2FY21 results

On standalone basis

The company posted PAT and total income of Rs 3,117 crore and Rs 9,890 crore respectively for Q2FY21, registering an increase of about 23 per cent and 8 per cent respectively with respect to the corresponding period of FY20.

PowerGrid Q2FY21 results Tufte CSS

For H1FY21

The PAT and Total Income on consolidated basis are Rs 5,142 crore and Rs 19,648 crore respectively .

For six-month period (H1FY21), the PAT and Total Income on consolidated basis are Rs 5,142 crore and Rs 19,648 crore respectively, which are about 1 per cent and 6% higher with respect to the corresponding period of FY20, while on standalone basis, the PAT and Total Income are Rs 5,097 crore and Rs 19,511 crore respectively, registering a growth of 3 per cent and 6 per cent respectively.

PowerGrid Q2FY21 results
  • Profit After Tax Rs 3,094 crore
  • Total income
  • On standalone basis
  • For H1FY21
  • Capital expenditure
  • In Q2FY21
  • PowerGrid registers PAT of Rs 3,094 crore
  • Total Income of Rs 9,831 crore on consolidated basis for Q2FY21
  • The company posted PAT and Total Income of Rs 3,117 crore and Rs 9,890 crore respectively for Q2FY21
  • For six-month period (H1FY21), the PAT and Total Income on consolidated basis are ₹ 5,142 crore and Rs 19,648 crore respectively,
  • The company incurred a Capital Expenditure of about ₹ 3,100 crore and capitalized assets worth ₹ 10,693 crore (excluding FERV) on consolidated basis during Q2FY21.
  • The company commissioned Pole-1 of Bipole-I of 6000 MW Raigarh – Pugalur HVDC system alongwith the 1765 km long ±800 kV Raigarh - Pugalur HVDC transmission line traversing through five states, 400 kV D/c Pugalur – Arasur and 400 kV D/c Pugalur – Pugalur transmission lines. The commissioned elements will facilitate power flow of 1500 MW from Western Region to Southern Region ensuring reliable and quality power supply.

The company incurred a capital expenditure of about Rs 3,100 crore and capitalized assets worth Rs 10,693 crore (excluding FERV) on consolidated basis during Q2FY21.

In the quarter, PowerGrid commissioned Pole-1 of Bipole-I of the prestigious 6000 MW Raigarh – Pugalur HVDC system despite many challenges and lockdown restrictions encountered during COVID-19 pandemic alongwiththe 1765 km long ±800 kV Raigarh - Pugalur HVDC transmission line traversing through five states, 400 kV D/c Pugalur – Arasur and 400 kV D/c Pugalur – Pugalur transmission lines.

The commissioned elements will facilitate power flow of 1500 MW from Western Region to Southern Region ensuring reliable and quality power supply.

The company's physical assets alongwith its subsidiaries at the end of H1FY21, stood at 168,140 ckm of transmission lines, 252 substations and more than 419,800 MVA of transformation capacity.

With the adoption of latest technological tools and techniques, enhanced use of automation and digital solutions, POWERGRID maintained average transmission system availability of 99.83 per cent in H1FY21.