New Delhi: Power Grid Corporation of India Limited (POWERGRID) , a Maharatna CPSU under Ministry of Power, has posted a total income of Rs 40,824 crore and profit after tax (PAT) of Rs 12,036 crore on consolidated basis for the financial year ended March 31, 2021, registering a growth of 6 per cent and 9 per cent respectively over corresponding amounts for FY 2019-20. On a standalone basis, the company achieved a total income of  Rs 40,527 crore  and profit after tax (PAT) of Rs 11,936 crore  registering a growth of 6 per cent and 10 per cent respectively over the previous financial year.

For the fourth quarter (Jan-March, 2021), the total income and PAT on consolidated basis are Rs 10,816 crore and Rs 3,526 crore respectively, while on standalone basis, the total income and profit after tax are Rs 10,705 crore and Rs 3,516 crore respectively. During the financial year FY 2020-21, the company incurred a capital expenditure of Rs 11,284 crore and capitalized assets worth Rs 21,467 crore, excluding FERV, on consolidated basis.

The company has proposed a final dividend of 30 per cent (Rs 3 per share on a face value of Rs 10 each) in addition to first and second interim dividends aggregating to 90 per cent (Rs 9 per share on a face value of Rs 10 each) already paid for the financial year 2020-21. The total dividend for the year thus amounts to Rs 12 per share compared to Rs 10 per share paid for the previous year.

POWERGRID has been a successful bidder in all the five TBCB (ISTS) projects with an aggregate annual levelized tariff of Rs 515.84 crore in FY 2020-21. Central Transmission Utility of India Limited, a 100 per cent owned subsidiary of POWERGRID has been designated as the CTU, with effect from April 1, 2021. This subsidiary will be subsequently made a separate government owned company. /BI/