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.

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Northern Arc reported strong financial results for Q2FY25, with pre-provision operating profit (PPoP) surging 74% year-over-year (YoY) to INR 212 crore and profit after tax rising 24% YoY to INR 98 crore. Net Interest Income grew by 47% YoY to INR 288 crore, while Fee & Other income increased 29% YoY to INR 26 crore. Lending Assets Under Management (AUM) expanded 22% YoY, reaching INR 12,309 crore, with disbursements up by 23% YoY to INR 5,035 crore and Direct to Customer lending increasing to 52% from 43% YoY. Asset quality remained robust, with a Gross NPA ratio at 0.60% and a Net NPA ratio of 0.18%, supported by a strong provisioning coverage ratio of 72% on Stage III assets. Return on Assets held steady at 3.1%, and a fresh equity infusion of INR 500 crore through an IPO enhanced capital strength, with a Return on Equity at 12.7%. The total capital adequacy ratio stood at 24.9%, underscoring Northern Arc’s solid financial resilience and effective strategic execution.

Commenting on the Q2FY25 results MD & CEO Ashish Mehrotra said, “We are pleased to report another strong quarter of financial results, reflecting the resilience and effectiveness of our strategy. While we recognize the headwinds in today’s landscape, we remain dedicated to executing our vision with operational discipline. We continue to focus on growth in the MSME and other key sectors, while carefully calibrating our approach in the MFI segment. We are confident that our proactive measures, coupled with our diversified business model, will enable us to navigate these challenges and emerge stronger.”

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