Gurugram, May 24 (MExN): Power Grid Corporation of India Limited under Ministry of Power, GoI has posted profit after tax and total income for the nine months ended December 31 on standalone basis as Rs 8,420 crore and Rs 29,822 crore respectively, which are about 10% and 7% higher with respect to corresponding period of FY20.
A press release received here stated that on consolidated basis, the Profit After Tax (PAT) and Total Income are Rs 8,510 crore and Rs 30,007 crore are respectively, registering a growth of 10% and 7% respectively with respect to corresponding period of FY20. The Company has posted PAT of Rs 3,324 crore and Total Income of Rs 10,311 crore for Q3FY21 on standalone basis, registering an increase of about 24% & 9% respectively with respect to corresponding period of FY20.
While on consolidated basis, the Company has posted PAT and Total Income of `3,368 crore and 10,359 crore respectively for Q3FY21, registering an increase of about 26% & 9% respectively with respect to corresponding period of FY20.
Power Grid’s physical assets (including subsidiaries) include 1,68,000 ckm of transmission lines, 253 substations with transformation capacity of about 4,25,000 MVA. During the year, with the use of state-of-the-art maintenance techniques, automation and digitization, Powergrid maintained average transmission system availability of 99.80% upto December 31, 2020.
