Power Grid Corp FY11 PAT up 32% to Rs. 2,697

Power Grid Corporation of India Limited (POWERGRID), a Navratna PSU and the Central Transmission Utility of the Country, has reported a net profit of Rs. 2,697 crore for the financial year 2010-11, a 32% rise as compared to the previous year’s profit of Rs. 2,041 crore. The turnover of the company rose to Rs. 9,100 crore from Rs. 7,504 crore, up by 21%.

In this financial year, the company’s Earnings per Share (EPS) increased to Rs. 6.19 as compared to an EPS of Rs. 4.85 for previous fiscal. Transmission Assets worth Rs. 7,313 crore commissioned during the year as compared to Rs. 3,610 crore for the previous year.

POWERGRID operated around 82,336 ckt. kms. of transmission lines along with 135 Sub-stations as on March 31, 2011.

Average availability of transmission systems during the year 2010-11 was maintained at 99.90% with the use of state-of-the-art preventive maintenance techniques.

POWERGRID continues to wheel about 50% of total power generated in the country through its transmission network.

CSR initiative leads 6 students to IIT

POWERGRID, as a part of its corporate social responsibility policy, sponsored 10 students from Utkarsh Superb 30 Delhi Centre, in collaboration with Corporate Social Responsibility & Leadership (CSR & L) and 6 of them got through IIT, with the rest also likely to get through NITs or other reputed institutes.

CSR&L is an organization which provides free coaching for IIT-JEE to meritorious students from marginalized sections of the society. POWERGRID provided financial assistance towards selection of students, creation of infrastructure, operational cost, manpower cost & overall management of the project for the benefit of less blessed children, who have the merit but not the means to achieve their dream of making it to IIT.

Amongst the six students who have cleared the examination, one aspirant Arjun has achieved a remarkable feat by securing 284th rank in this stiff competition despite his poor economic condition. His father is a labourer in Palam area of Delhi, whose day starts with the thought and planning for meeting the demands of his six family members.

The socio-economic conditions dispirited Arjun to approach any coaching institute, and at this crucial juncture, POWERGRID provided the fillip to his career through this CSR initiative.

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