Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Company under Ministry of Power, Government of India, has announced a PAT of `4,156 crore for Q4FY22 on a consolidated basis which is 18% increase over Q4FY21. The total income for Q4FY22 was `11,068 crore compared to `10,816 crore in the Q4 of the previous year.
On consolidated basis, company posted PAT of `16,824 crore and total income of `42,698 crore for FY22 registering a YoY growth of 40% and 5% respectively.
The Company has proposed a final dividend of 22.5% (`2.25 per share on a face value of `10/- each) in addition to first & second interim and special dividends aggregating to 125% (`12.5/- per share on a face value of `10/- each) already paid for the FY22. The total dividend for the year thus amounts to `14.75 per share compared to `9.75 per share (adjusted for Bonus Share) for the previous year. During the year, the Company completed the first asset monetization by a CPSE through the Infrastructure Investment Trust (InvIT) route. PGInvIT, sponsored by the Company, got listed on BSE & NSE on May 14, 2021. Total monetization done by the Company during FY22 is `8,370 crore.
The Company incurred a Capital Expenditure of `9,060 crore and capitalized assets worth `20,695 crore (excluding FERV) on consolidated basis during the financial year. The Compa-ny’s Gross Fixed Assets on a consolidated basis stood at `2,62,726 crore as on March 31, 2022 as against `2,41,498 crore as on March 31, 2021.In FY22, the Company along with its subsidiaries added 43,500 MVA transformation capacity, 7 sub-stations and 5,450 ckm transmission lines. Indian portion of additional cross border links with neighbouring countries (Bhutan and Bangladesh) have been completed.