Powergrid

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PGCIL Recruitment 2018: Apply for 58 Diploma Trainee and other posts @ powergridindia.com, check details - NewsX PGCIL Recruitment 2018: Applications have been invited from interested and eligible candidates for the post of Diploma Trainee and others by the Power Grid Corporation of India Limited. Candidates can log in to the official website powergridindia.com of PGCIL to check further details regarding the n...

Powergrid’s FY2016 net profit crosses Rs6,000 crore

Power Grid Corporation of India Ltd (Powergrid), a ‘Navratna’ company and the ‘Central Transmission Utility (CTU)’ of the country, reported a 21% jump in its full year net profit. The company, for the first time, also surpassed a net profit of Rs6,000 crore in a year.

For FY2016, Powergrid posted a net profit of Rs6,027 crore over a turnover of Rs21,281 crore for FY 2015-16, registering a growth of about 20% in turnover and 21% in net profit compared to FY 2014-15, on a standalone basis.

For the fourth quarter of FY2016, the company reported a net profit of Rs1,599 crore, a growth of 13% compared with same period a year ago. The company proposed a final dividend of 15.1% in addition to interim dividend of 8.0% (already paid) for the financial year 2015-16.

At present, Powergrid is operating about 129,600 of transmission lines along with 208 Sub-stations with transformation capacity of more than 255,000 MVA. With the use of state-of-the-art maintenance techniques, average availability of transmission system during the year 2015-16 was maintained at 99.72%.

The company capitalised assets of about Rs31,800 crore during FY2015-16, which was the highest ever in a year; and incurred a capital expenditure to the tune of Rs22,580 crore during the period.