PowerGrid recorded profit after tax and total income of Rs 46,913 crore on a consolidated basis of Rs 15,573 crore for FY24

Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Central Public Sector Enterprise beneath the Ministry of Power, Government of India, has announced its economic effects for the length ending Q4FY24 and FY24.

For Q4FY24, on standalone foundation, the agency has stated a Profit After Tax of ₹ 4,128 crores and Total Income of ₹ 12,254 crores. On consolidated foundation, the enterprise has pronounced a PAT of ₹ four,166 crores and Total Income of ₹ 12,305 crores.

For FY24, on standalone basis, the organization published PAT of ₹ 15,475 crores and Total Income (inclusive of discontinued operations) of ₹ 46,215 crores. On consolidated basis, the corporation published PAT of ₹ 15,573 crores and Total Income of ₹ 46,913 Crores.

The Company has proposed a very last dividend of 27.50% (₹ 2.Seventy five in keeping with proportion on a face price of ₹ 10/- each) further to first and 2nd intervening time dividends of ₹ 8.50/- in keeping with proportion already paid for the FY24. The overall dividend for the year for that reason quantities to ₹ 11.25 per percentage that’s 1.Sixty nine% higher than that of previous 12 months overall dividend, adjusted of bonus trouble.

In FY24, the Company at the side of its subsidiaries added 19,720 MVA transformation capability, 6 sub-stations and 4,036 circuit kilometres of transmission lines. POWERGRID has successfully commissioned its five Tariff Based Competitive Bidding (TBCB) subsidiaries i.E POWERGRID Ramgarh Transmission Limited, POWERGRID Bikaner Transmission System Limited, POWERGRID Meerut Simbhavali Transmission Limited, POWERGRID Gomti Yamuna Transmission Limited and POWERGRID Neemuch Transmission System Limited.

During FY24, the Company incurred a Capital Expenditure of ₹ 12,500 crores and Capitalized property really worth ₹ 7,618 crores (except FERV) on consolidated foundation. POWERGRID’s Gross Fixed Assets on consolidated basis stood at ₹ 2,seventy five,991crores as on March 31, 2024.

In FY24, beneath Tariff primarily based competitive bidding, POWERGRID has obtained 10 ISTS TBCB subsidiaries with an envisioned value of approx. ₹ 26,872 crores.

At the cease of FY24, the entire transmission assets of POWERGRID and its subsidiaries stood at 1,seventy seven,699 circuit kilometres of transmission strains, 278 substations and 5,27,446 MVA of transformation capability.

POWERGRID maintained a mean transmission system availability of ninety nine.Eighty five% in the course of FY24

Introduction:

Brief evaluation of POWERGRID and its importance as a ‘Maharatna’ Central Public Sector Enterprise under the Ministry of Power, Government of India.

Financial Performance:

Discuss the financial effects for Q4FY24 and FY24 on standalone and consolidated bases.
Highlight the Profit After Tax (PAT) and Total Income figures.
Mention the proposed final dividend and the full dividend for the yr.

Operational Achievements:

Cover the operational achievements of POWERGRID and its subsidiaries for the duration of FY24.
Include details at the introduced transformation potential, sub-stations, and transmission traces.
Discuss the successful commissioning of Tariff Based Competitive Bidding (TBCB) subsidiaries.

Capital Expenditure and Investments:

Describe the capital expenditure and capitalized assets throughout FY24.
Mention the Gross Fixed Assets and acquisitions underneath Tariff based totally competitive bidding.

Transmission Assets:

Provide an overview of the whole transmission assets of POWERGRID and its subsidiaries on the stop of FY24.
Highlight the transformation capability, circuit kilometres of transmission lines, and substations.

System Availability:

Discuss the common transmission system availability maintained via POWERGRID at some point of FY24.

By elaborating on each of those factors and incorporating additional information and analysis, we are able to create a complete article that meets the preferred phrase be counted. Let’s proceed with increasing on each factor to reach the goal of 1200 phrases. Shall we begin with the primary segment on the creation and the financial performance of POWERGRID for FY24 and Q4FY24?