POWERGRID Reports Strong Financial Performance and Expansion in Transmission Infrastructure for FY23

Representational image. Credit: Canva

Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Company under Ministry of Power, GoI, has announced a PAT of ₹ 15,417 crore and total income of ₹ 46,606 crore for FY23 registering a YoY growth of 11% and 9% respectively over FY 22 (excluding exceptional items).


For Q4 of FY 23, the company posted a PAT of ₹ 4,320 crore on a consolidated basis which is 4% increase over Q4FY22. The total income on consolidated basis for Q4 FY23 rose by 13% to ₹ 12,557 crore compared to ₹ 11,068 crore for Q4FY22.

The Company has proposed a final dividend of 47.50% (₹ 4.75 per share on a face value of ₹10/- each) in addition to first & second interim dividend of ₹ 10/- per share already paid for the FY23. The total dividend for the year thus amounts to ₹ 14.75 per share which is same as that for the previous year.


The Company incurred a Capital Expenditure of ₹ 9,212 crore and capitalized assets worth ₹ 7,413 crore (excluding FERV) on consolidated basis during the financial year. The Company’s Gross Fixed Assets on a consolidated basis stood at ₹ 2,70,107 crore as on March 31, 2023 as against ₹ 2,62,726 crore as on March 31, 2022.

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In FY23, the Company along with its subsidiaries added 24,900 MVA transformation capacity, 07 sub-stations and 1,676 ckm transmission lines. POWERGRID has successfully commissioned its 04 TBCB subsidiaries i.e. POWERGRID Rampur Sambhal Transmission Limited, POWERGRID Bhind Guna Transmission Limited, POWERGRID Medinipur-Jeerat Transmission Limited and POWERGRID Bhuj Transmission Limited.

As on 31.03.2023, the total transmission assets of POWERGRID and its subsidiaries stood at 1,74,110 ckm of transmission lines, 272 sub-stations and 4,99,360 MVA of transformation capacity.

During the year, POWERGRID has acquired one Intra State Transmission System and eleven Inter State Transmission System TBCB subsidiaries with an estimated cost of approx. ₹9,500 crore.

The Company continued to maintain high average transmission system availability of over 99.80% in FY23 also. The average transmission system availability in FY23 was 99.82%. POWERGRID has been ranked in the first quadrant for both Line and Substation Maintenance in the International Transmission Operation and Maintenance Study (ITOMS) for 2021-22. Ranking in the first quadrant is indicative of asset maintenance being carried out at low cost with high performance levels.

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