Highest Annual Profit after tax ( PAT ) of Rs.8,444 cr. a) 49% jump in Standalone Profit After Tax from FY ’20 . PAT at Rs.8,444 cr. for FY’21. Vs Rs.5,655 cr. in FY ’20 b) 28% increase in Net Interest Income from FY’20 – Net Interest Income at Rs. 12,951 cr. for FY’21 vs.Rs.10,097 cr. in FY ’20 c) Dividend of Rs.2 declared per share. Thus, in FY 21, PFC has given a total dividend of Rs. 10 per share i.e. 100%. d) Aided by profit growth, PFC’s net worth for FY 21 is up by 16% to Rs.52,393 cr. and has crossed the fifty thousand mark. e) 25% Stressed Book Resolved in FY 21: f) Gross NPA ratio saw a sharp reduction of 238 bps from FY’20. The current GNPA ratio is at 5.70% against 8.08% inFY’20. g) Lowest Net NPA levels in past 4 years. Net NPA ratio saw a sharp reduction of 171 bps from FY’20. The current Net NPA ratio is at 2.09% against 3.80% in FY’20. h) The Capital Adequacy Ratio of the Company has also improved sequentially to 18.83% as on 31st March 2021. The capital adequacy is at a comfortable level with sufficient cushion over & above the prescribed regulatory limits. FY’21 Vs FY’20 a) 66% increase in consolidated Profit After Tax from FY’20 – PAT at Rs. 15,716 cr. for FY’21 vs. Rs.9,477cr. for FY’20. b) Loan Asset book grows at 12% – Loan asset book for FY 21 at Rs.7, 45, 189 cr. vs. Rs.6,67,330 cr. in FY’20 c) Reduction in consolidated net NPA ratio to 1.91% in FY 21 from 3.57% in FY’20 due to resolution of stressed assets. d) Reduction in consolidated Gross NPA ratio to 5.29% in FY 21 from 7.36% in FY’20 due to resolution of stressed assets. e) Liquidity support to Discoms under Aatma Nirbhar Bharat Abhiyaan Under the Aatma Nirbhar Discoms liquidity support announced by the GOI, PFC & its subsidiary REC combined together, have so far sanctioned Rs.1,34,782 cr. and disbursed Rs.78,855 cr. PFC’s CMD R.S. Dhillon appreciated that FY 21 results are noteworthy. The impressive performance in FY 21 as is evident from the highest ever profit, underlines the inherent strengths of PFC in handling adverse economic events.
Power Grid Corporation of India Limited (POWERGRID), central PSU under Ministry of Power as part of its Corporate Social Responsibility (CSR) initiative has provided support to Municiapl Corporation of Shimla , Himachal Pradesh for creating Smart City Infrastructure. POWERGRID had sanctioned funds amounting to ₹1.98 crore for providing four Special Purpose Vehicles (SPVs) in the state of Himachal Pradesh. Jai Ram Thakur, Chief Minister Himachal Pradesh, flagged off truck mounted sewer jetting and litter picking machines, provided to the Municipal Corporation Shimla, Himachal Pradesh by Power Grid Corporation of India Limited (POWERGRID).
Suresh Bhardwaj, Urban Development Minister, Himachal Pradesh, V. K. Singh, Director (Personnel), POWERGRID, Kailash Rathore, Executive Director, Northern Region-II, POWERGRID, senior officials from POWERGRID and Government of Himachal Pradesh were also present on this occasion.
One truck mounted sweeping machine with vacuum cleaner and one truck mounted compactor has been handed over to Municipal Corporation, Shimla in the month of December 2020.
This initiative of POWERGRID will help Municipal Corporation, Shimla in creating a smart city infrastructure and in maintaining cleanliness and hygiene of the city. Further, with introduction of these technologically advanced machines, the process of cleaning especially in difficult terrains of the hilly region, will be done in an easy and rapid manner.
Earlier, one SPV mounted vacuum assisted road sweeper, two sewer cleaning jetting vehicle machines costing ₹1.31 crore had been handed over to Sub Divisional Magistrate (SDM), Manali, District Kullu, Himachal Pradesh. Apart from this, 3250 solar LED street lights and 13000 twin bins dustbins having financial implication of ₹11.49 crore, have been supplied and installed in various parts of Himachal Pradesh.
Besides, POWERGRID has also undertaken efforts for skill development for local youth in district Lahaul and Spiti, through infrastructure additions & capacity building in field of mountaineering & allied activities with financial implication of ₹32 lacs. As part of CSR efforts in the state, 4 Medical Mobile units costing ₹1.06 crore to Bilaspur District Authorities, two ambulances in IGMC Shimla and District Hospital, Chamba have been provided.
POWERGRID is a ‘Maharatna’ Public Sector Undertaking (PSU) under Ministry of Power, Government of India. POWERGRID’s physical assets in Himachal Pradesh as on date stands at 1590 ckm of transmission lines, 4 sub-stations of 400/220 kV at Chamba, Hamirpur, Banala ( all three are State-of- the -art technology Gas insulated Substation(GIS) and Nalagarh with more than 3130 MVA of transformation capacity.