PowerGrid powers Q1 net by 9%
6 Aug 2014 5:35 AM IST
Power Grid Corporation of India Limited registered a net profit of Rs 1,137 crore for Q1 FY15 against Rs 1,040 crore in same period last year while total income in the same quarter increased to Rs 4,075 crore by 12 per cent from Rs 3,634 crore in the corresponding quarter last year.
The company owns and operates over 109,000 circuit kms of transmission lines along with 186 sub-stations and transformation capacity capacity of about 213,000 MVA, according to R N Nayak, CMD of PowerGrid.
He said the company’s gross assets have crossed the Rs 1,000 billion mark in barely three years and equal months, while PAT rose to Rs 1,137 crore in this year’s first quarter from Rs 3139 crore last year same period.
A good situation was emerging for the company with more installations for which CAPEX plan for the year was Rs 22,324 crores and about 120 assignments worth Rs 13,950 crores under execution.
For the first time in the country, aerial patrolling was being introduced on the completed 1250
kms route out of 1500 kms projected route, and a hotline maintenance was being carried out using helicopters, he said, adding that high temperature Superconducting cables system has been introduced (in the Gurgaon project) as a technology essentially needed for load growth through underground —instead of overhead — lines.
PowerGrid has planned a capital investment of Rs 100,000 crores for development of inter-state transmission during the XII Plan.
The company is partnering with the Union Ministry for New & Renewable Energy in its quest for producing power in areas like Desert Power, Energy Storage, Green Energy Grid (for which tenders have been floated and work will commence in projects worth Rs 1300 crores), Smart Grid (NITs issued for four states while discussion are on with other states in this regard).
The company owns and operates over 109,000 circuit kms of transmission lines along with 186 sub-stations and transformation capacity capacity of about 213,000 MVA, according to R N Nayak, CMD of PowerGrid.
He said the company’s gross assets have crossed the Rs 1,000 billion mark in barely three years and equal months, while PAT rose to Rs 1,137 crore in this year’s first quarter from Rs 3139 crore last year same period.
A good situation was emerging for the company with more installations for which CAPEX plan for the year was Rs 22,324 crores and about 120 assignments worth Rs 13,950 crores under execution.
For the first time in the country, aerial patrolling was being introduced on the completed 1250
kms route out of 1500 kms projected route, and a hotline maintenance was being carried out using helicopters, he said, adding that high temperature Superconducting cables system has been introduced (in the Gurgaon project) as a technology essentially needed for load growth through underground —instead of overhead — lines.
PowerGrid has planned a capital investment of Rs 100,000 crores for development of inter-state transmission during the XII Plan.
The company is partnering with the Union Ministry for New & Renewable Energy in its quest for producing power in areas like Desert Power, Energy Storage, Green Energy Grid (for which tenders have been floated and work will commence in projects worth Rs 1300 crores), Smart Grid (NITs issued for four states while discussion are on with other states in this regard).
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