Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Company under the Ministry of Power, GoI, has announced unaudited financial results for Q2FY22, ending September 30, 2021.
The company has reported PAT (profit after tax) of `3,376.38 crores and a total income of `10,514.74 crores on a consolidated basis, registering a YoY growth of nine per cent and seven per cent respectively. On a standalone basis, the company has posted PAT and total income of `3,338.27 crores and `10,472.00 crore respectively registering a YoY growth of seven per cent and six per cent respectively during Q2FY22.
For six-month period (H1FY22), the PAT and total income on consolidated basis are `9,374.66 crores and `20,906.35 crores respectively, which are about 82 per cent and six per cent higher, with respect to the corresponding period of FY21; while on standalone basis, the PAT and total income are `9,423.68 crores and `20,757.38 crores respectively, registering a growth of 85 per cent and 6 per cent respectively.
The company incurred a capital expenditure of `1,939 crores and capitalised assets worth `7,633 crores (excluding FERV) on consolidated basis during Q2FY22. POWERGRID’s gross fixed assets on consolidated basis stood at `2,54,997 crores as on September 30, 2021.
During the quarter, 2,100 ckm transmission lines and 14,000 MVA transformation capacity has been added. The Inter-Regional (IR) power transfer capacity has been enhanced by 5700 MW, with the commissioning of 765 kV D/c Vindhyachal -Varanasi line (4200MW) and Bipole-II (Pole 3) 1500 MW, ±800 kV HVDC Raigarh-Pugalur link. The IR capacity of the national grid stands at 1,10,750 MW at the end of Q2FY22.
All the elements under TBCB subsidiaries, POWERGRID Varanasi Transmission System Limited and POWERGRID Fatehgarh Transmission Limited have been fully commissioned.
At the end of Q2FY22, the total transmission assets of POWERGRID and its subsidiaries stood at 1,70,724 ckm of transmission lines, 262 substations and 4,54,350 MVA of transformation capacity.
POWERGRID maintained average transmission system availability of 99.82 per cent during H1FY22 compared to 99.83 per cent in the corresponding period of the previous year.