Energy Central Professional

 

Power Grid announces Rs 4,156 PAT for Q4FY22


The Pioneer  

 

    Gurugram, May 22 -- Power Grid Corporation of India Limited (POWERGRID), a 'Maharatna' Company under Ministry of Power, Government of India, has announced a PAT of '4,156 crore for Q4FY22 on a consolidated basis which is 18% increase over Q4FY21. The total income for Q4FY22 was '11,068 crore compared to '10,816 crore in the Q4 of the previous year.

    On consolidated basis, company posted PAT of '16,824 crore and total income of '42,698 crore for FY22 registering a YoY growth of 40% and 5% respectively.

    The Company has proposed a final dividend of 22.5% ('2.25 per share on a face value of '10/- each) in addition to first & second interim and special dividends aggregating to 125% ('12.5/- per share on a face value of '10/- each) already paid for the FY22. The total dividend for the year thus amounts to '14.75 per share compared to '9.75 per share (adjusted for Bonus Share) for the previous year. During the year, the Company completed the first asset monetization by a CPSE through the Infrastructure Investment Trust (InvIT) route. PGInvIT, sponsored by the Company, got listed on BSE & NSE on May 14, 2021. Total monetization done by the Company during FY22 is '8,370 crore.

    The Company incurred a Capital Expenditure of '9,060 crore and capitalized assets worth '20,695 crore (excluding FERV) on consolidated basis during the financial year. The Compa-ny's Gross Fixed Assets on a consolidated basis stood at '2,62,726 crore as on March 31, 2022 as against '2,41,498 crore as on March 31, 2021.In FY22, the Company along with its subsidiaries added 43,500 MVA transformation capacity, 7 sub-stations and 5,450 ckm transmission lines. Indian portion of additional cross border links with neighbouring countries (Bhutan and Bangladesh) have been completed. Published by HT Digital Content Services with permission from Pioneer. For any query with respect to this article or any other content requirement, please contact Editor at contentservices@htlive.com

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