Power Grid’s FY10 net profit surges by 21%
Power Grid Corporation of India Limited, a Navratna PSU and the Central Transmission Utility of the country, has reported a net profit of Rs2041 crore for the financial year 2009-10, a 21% rise as compared to the previous year’s profit of Rs1691 crore. The turnover of the company rose to Rs7,504 crore from Rs6,139 crore, up by 22%.
In this financial year the company’s Earnings per Share (EPS) increased to Rs4.85 as compared to an EPS of Rs4.02 for previous fiscal. The Book Value also grew from 34.73 to 37.81 for FY10. Power Grid achieved an increase in capital expenditure from Rs8,167 crore in the last year to Rs10,586 crore.
Power Grid operated around 75,289 ckt. kms. of transmission lines along with 124 sub-stations as on March 31, 2010. Average availability of transmission systems during the year 2009-10 was maintained at 99.77% with the use of state-of-the-art preventive maintenance techniques. Power Grid continues to wheel about 50% of total power generated in the country through its transmission network.