Power Grid Corporation of India Ltd has planned a capital expenditure of Rs. 25,000 crore for FY19. In FY18, PGCIL incurred capital expenditure to the tune of Rs. 25,791 crore and capitalized assets worth Rs.27,370 crore.
During FY18, PGCIL completed several interregional transmission elements: 765kV D/C Jabalpur–Orai, LILO of 765kV S/C Satna-Gwalior at Orai, Pole-III & IV of NER Agra HVDC & Pole-II of Champa Kurukshetra HVDC thereby, enhancing the Inter-Regional Power transfer capacity by 11,400 mw.
PGCIL surpassed surpassed the Rs.30,000-crore mark for total income and the Rs.8,000-crore level for profit after tax, for the first time in FY18
In addition, a number of major transmission lines were commissioned during the year, some of which include 765kV D/C Ajmer-Chittorgarh, 400kV D/C Kameng-Balipara, 400kV D/C Aurangabad-Boisar, 765kV D/C Aurangabad-Padghe, 400kV D/C Padghe-Kudus-Kala, 765kV D/C Wardha-Nizamabad and 400kV D/C Kishenpur-Dulhasti & Kishenpur-New Wanpoh transmission lines.
PGCIL, during FY18, successfully acquired ERSS XXI Transmission Ltd and WR-NR Power Transmission Ltd under the tariff-based competitive bidding mechanism (TBCB).
As of March 31, 2018, PGCIL had about 148,300 ckm of transmission lines in operation, along with 236 substations with transformation capacity of more than 332,100 MVA. With the use of state-of-the-art maintenance techniques, average Availability of transmission system during the year 2017-18 was maintained at a high of 99.81 per cent as compared to 99.79 per cent for FY17.
Photo Caption: (From Left to Right) Anil Jain, Executive Director (Corporate Planning); Prabhakar Singh, Director Projects; I.S. Jha, CMD; K. Sreekant, Director Finance; Seema Gupta, Director Operations; V K Saksena, Chief Vigilance Officers (CVO). PGCIL held a press meet in Mumbai on May 30, 2018, to announce its corporate results for FY18.