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%.

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.