Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Company under Ministry of Power, Govt. of India, has announced the Unaudited Financial Results for the quarter and half year ended 30th September 2024.
At the end of Q2FY25, the total transmission assets of POWERGRID and its subsidiaries stood at 1,78,195 ckm of transmission lines, 279 substations strategically placed across the country and 5,37,276 MVA of transformation capacity.
The Company has reported PAT of Rs 3,793 crore and Total Income of Rs 11,846 crore on consolidated basis respectively during Q2FY25. On standalone basis, the Company has posted PAT (including discontinued operations) and Total Income of Rs 3,711 crore and Rs 11,383 crore respectively during Q2FY25.
For six-month period (H1FY25), the PAT and Total Income on consolidated basis are Rs 7,517 crore and Rs 23,126 crore and for the corresponding period of FY24 were Rs 7,379 crore and Rs 22,788 crore respectively. On standalone basis, the PAT (including discontinued operations) and Total Income are Rs 7,123 crore and Rs22,234 crore and for the corresponding period of FY24 were Rs 7,377 crore and Rs 22,094 crore respectively.
The Company incurred a capital expenditure of Rs 10,002 crore and capitalized assets worth Rs 4,006 crore (excluding FERV) on consolidated basis till H1FY25. The Company’s Gross Fixed Assets on a consolidated basis stood at Rs 2,78,983 crore as on 30th September 2024.
In Q2FY25, under Tariff Based Competitive Bidding, POWERGRID has emerged successful bidder for 08 nos. projects with an estimated NCT cost of Rs 38,575 crore.
With the use of state-of-the-art maintenance techniques, automation, and digitization, POWERGRID maintained average transmission system availability of 99.80% for H1FY25.
The Karnataka government is actively seeking loans from Public Sector Undertakings (PSUs) to fund the construction of the much-anticipated Bengaluru Peripheral Ring Road (PRR) project, which is nearing completion. The 73-kilometre stretch, now named the Bengaluru Business Corridor, is estimated to cost around Rs 27,000 crore, including expenses for both construction and land acquisition.
