Even with the ups and downs that the company faced in FY24 and Q4 of the financial year, the company still had a few business updates to report. Here is a list of some of them:
Power Grid, along with its subsidiaries, added 19,720 MVA transformation capacity, 06 sub-stations and 4,036 ckm transmission lines
The company has also successfully commissioned its 5 Tariff Based Competitive Bidding (TBCB) subsidiaries; (a) POWERGRID Ramgarh Transmission Limited, (b) POWERGRID Bikaner Transmission System Limited, (c) POWERGRID Meerut Simbhavali Transmission Limited, (d) POWERGRID Gomti Yamuna Transmission Limited and (e) POWERGRID Neemuch Transmission System Limited
In FY24, under Tariff based competitive bidding, POWERGRID acquired 10 Inter-State Transmission System (ISTS) TBCB subsidiaries with an estimated cost of approx. ₹26,872 Crore
The company also maintained an average transmission system availability of 99.85% during FY24