PowerGrid plans to augment its transmission capacity to 23,400 MW

Central transmission utility PowerGrid Corp today paid Rs 505 crore as dividend to the government.

PowerGrid Corp paid a dividend of Rs 505 crore for the financial year 2008-09, it is approximately 30 per cent of the company's profit after tax of Rs 1,691 crore, a company statement said.

The company registered a net profit of Rs 1,691 crore in the financial year 2008-09, it said.

At present, PowerGrid is operating about 72,500 circuit km of transmission lines along with 124 sub-stations.

PowerGrid plans to augment its transmission capacity to 23,400 MW in the current fiscal (2009-10) from the existing 19,800 MW and further enhance it to 37,000 MW within the XIth Five Year Plan Period (2007-12).