Power Grid Corporation of India Chairman's Speech > Engineering - Heavy > Chairman's Speech from Power Grid Corporation of India - BSE: 532898, NSE: POWERGRID

Power Grid Corporation of India

BSE: 532898|NSE: POWERGRID|ISIN: INE752E01010|SECTOR: Power - Generation & Distribution
Mar 27, 13:53
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Mar 15
Chairman's Speech (Power Grid Corporation of India) Year : Mar '16
Dear Shareholders,
 It gives me great pleasure to share with you the performance of your
 Company during the Financial Year (FY) 2015-16. Your Company continued
 to deliver another year of consistent growth on various fronts despite
 the challenging environment.
 Friends, Fiscal 2016 was another remarkable year for POWERGRID. I am
 glad to share with you that your Company has capitalized transmission
 projects worth Rs.31,788 Crore during the year 2015-16, which is the
 highest ever capitalization in a single financial year of its history.
 A number of important projects were commissioned during the year
 including Pole-I (1500MW) of one of the World''s first and longest
 800kV HVDC Multi Terminal transmission line from Biswanath Chariali
 (Assam) to Agra (U.P.) with route length of about 1750 km, 765kV
 Jabalpur-Dharamjaygarh I & II transmission lines, 765kV Meerut-Moga
 transmission line, 400kV D/C Barh II TPS-Gorakhpur (Quad) transmission
 line and 765kV Gwalior  Jaipur I & II transmission lines. Further, the
 1200kV (the highest transmission voltage in the world) National Test
 Station Phase-II was successfully charged.
 Your Company has achieved another milestone through establishment of
 the first high capacity synchronous link between India and Nepal with
 the commissioning of 400kV Muzaffarpur (India) - Dhalkebar (Nepal)
 double circuit transmission line. In addition, Grid inter-connection
 between India and Bangladesh was strengthened through commissioning of
 400kV Surjyamaninagar (India) - Comilla (Bangladesh) double circuit
 transmission line.
 In Fiscal 2016, your Company displayed an impressive financial
 performance. Your Company registered a Turnover of Rs.21,281Crore and
 Profit after Tax (PAT) of Rs.6,027Crore in Fiscal 2016, registering a
 growth of 19.7% and 21.04% respectively, to the corresponding Turnover
 and PAT in Fiscal 2015. Your Company''s Gross Fixed Assets as on March
 31, 2016 stands at Rs.1,50,052Crore as against Rs.1,18,264Crore in the
 last iscal.
 On the operational front, your Company continued to maintain the
 transmission system availability above 99%. The availability for the
 Fiscal 2016 was 99.72% with number of trippings per line limited at
 0.66. As on March 31, 2016, your Company owns & operates a transmission
 network of about 1,29,354 ckm of Inter-state transmission lines, 207
 nos. of EHVAC & HVDC sub-stations with transmission capacity of about
 2,54,848 MVA.
 During the Fiscal 2016, your Company continued to make significant
 progress in all its business areas including Telecom and Consultancy,
 enhancing value for the shareholders. A number of Consultancy
 assignments have been secured during the year. Also, on the Telecom
 front, total network coverage has been increased by 10% to about 36,500
 km and Number of Points of Presence (PoPs) locations have been
 increased to 595 from the earlier coverage of 352 PoPs, and the
 customers base has increased by 45% from 187 in Fiscal 2015 to 270 in
 Fiscal 2016.
 Under DDUGJY (Deendayal Upadhyaya Gram Jyoti Yojana) scheme (erstwhile
 RGGVY), infrastructure was created for 2960 nos. of electrified /
 un-electrified villages in Fiscal 2016. Cumulatively, till March, 2016,
 infrastructure has been created for electrification of 74,500 villages
 and service connection were provided to about 36.7 lakh BPL households.
 Friends, Electricity is a very essential constituent of infrastructure
 affecting economic growth and welfare of the Country. Under the Twelfth
 Five Year Plan (FY 12-17) which has laid special emphasis on
 development of the infrastructure sector including energy, your Company
 has already made a Capital Expenditure of Rs.88,235crore against the
 Capital Expenditure plan of Rs.1,10,000 Crore.
 Towards integration of Renewable Energy Resources with Grid, your
 Company is playing an important role including undertaking the
 development of Green Energy Corridors as well as transmission schemes
 for 7200 MW Ultra Mega Solar Parks in various states. Your Company is
 also taking up the challenging & flagship responsibility of setting up
 of a maiden Renewable Energy Management Centers (REMC) in seven
 renewable rich states. This would enable forecasting of renewable
 resources and efficient management of distributed & intermittent
 renewable generation ensuring efficient utilization of resources.
 Your Company continues to take various initiatives for development of
 Smart Grid in India and is constantly enhancing its abilities through
 in-house research and demonstration projects in this direction. Your
 Company is extending consulting services for various projects covering
 distribution infrastructure, advanced metering infrastructure, electric
 vehicle charging stations, power quality management, net metering, etc.
 As part of GoI''s endeavour towards Smart City Development, your Company
 is also closely associated with implementation of Smart Grid at
 Varanasi and Gurgaon.
 Further, your Company has taken various initiatives realizing its
 obligations and commitment towards Sustainable Development such as
 special designed towers to conserve the precious Right of Way(RoW),
 installation of LED bulbs & Solar Street Lights in substation control
 rooms, fuel catalyst devices for DG sets, rain water harvesting,
 installation of solar photovoltaic in office buildings to meet the
 internal energy requirements / CO2 reduction, etc.
 As a part of Corporate Social Responsibility, your Company is making
 contribution to society at large with major focus on inclusive social-
 economic growth for development of marginalized & under-privileged
 sections of the society residing around its areas of operation. Various
 community development activities have been carried out during the year
 in areas of Rural Development, Skill Development & Capacity Building,
 Health, Education, Environment, etc. Under the Swachh Bharat Abhiyaan
 of GoI, your Company has constructed about 9,500 toilets in about 4,250
 Government schools in several states of the Country.
 Under Tariff Based Competitive Bidding (TBCB), your Company has bagged
 one more project during the year. With this, your Company has secured 9
 projects as on March 31, 2016.I am happy to share with you that the
 first Transmission Line under TBCB projects of your Company viz. 400kV
 D/C Khammam  Nagarjunasagar has been successfully charged during FY
 Your Company was recognized for excellence along many dimensions and
 has received several prestigious awards and distinctions. Some of the
 significant & recent awards include- the CBIP Award for Best
 Transmission Utility by Central Board of Irrigation and Power (CBIP),
 Dun & Bradstreet PSU Award 2015 under the Power Transmission &
 Distribution sector category, Dun & Bradstreet Infra Award 2015 under
 Power Transmission category, Most Valuable Company and Best
 Performing Company award from India Today in Navratna (PSU) category,
 and ''Rajbhasha Navratna'' award for the year 2015-16 by ''Bhartiya Bhasha
 Evam Sanskruti Kendra''. Further, your Company has been felicitated at
 The Economic Times Power Focus 3 rd Annual Summit'' for commendable
 initiatives and excellent contributions in Power Sector.
 Friends, I am proud to share with you that your Company has been
 recognised as one of the India''s Best Companies to Work for 2016 by
 The Great Place to Work Institute'', in partnership with The Economic
 Times''. Your Company was ranked no. 3 among a list of 49 companies
 selected under the category of Asia''s Best Analyst Days in the
 Institutional Investor Survey of Asia. Further, your Company continued
 to be ''''Fastest Growing Electric Utility in Asia'''' for the second
 successive year and was the only Indian PSU in the Platts Top 50
 Fastest Growing Energy Companies in the World, 2015.
 On behalf of the Company, I thank shareholders for their continued
 confidence and support. I would also like to take this opportunity to
 thank the employees whose commitment and hard work has helped in
 delivering another successful year for the Company.
                                                With best wishes, 
                                                 Yours sincerely,
                                    Chairman & Managing Director
 Place: New Delhi
 Date : 08.08.2016
Source :
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