Power Grid Corporation of India Limited (POWERGRID), a ’Navratna’ Company under Ministry of Power, Government of India and the ’Central Transmission Utility (CTU)’ of the country, crossed Rs 10,000 crore profit for the first time as it posted a Profit After Tax of Rs 10,034 crore on consolidated basis.
On a standalone basis, the Company posted Profit After Tax and Total Income of Rs 9,939 crore and Rs 35,618 crore respectively for FY19 registering an increase of 21% &16% respectively with respect to FY 2017-18.
During the year, POWERGRID capitalized assets worth Rs 25,869 crore including itssubsidiaries. The Gross Assets of the Company increased to Rs 1,97,793 crore as at the end of FY19 from Rs 1,77,100 crore as at the end of FY18 on standalone basis. Capital expenditure for the year including subsidiaries was Rs 25,807 crore during the financial year.
