Shri R. K. Tyagi
Chairman & Managing Director
I am pleased to share that FY 2024–25 was a successful year for POWERGRID marked by strong performance across all business verticals, strategic growth initiatives and sustained value creation for our stakeholders. During the year, your Company achieved its highest market capitalization of ₹3.4 trillion in September 2024, with the share price touching ₹366. On a consolidated basis, total income for the financial year rose to ₹47,459 crore, and Profit After Tax (PAT) stood at ₹15,521 crore. The Gross Fixed Assets stood at ₹2,90,715 crore and net worth increased from ₹87,145 crore to ₹92,663 crore, reflecting continued financial strength. A dividend of ₹9 per share was declared for the year.
Know MorePOWERGRID's achievements are built on strong financial management and strategic foresight, forming a solid foundation for operations, investments, and sustainable growth. We ensure adequate funding for expanding our transmission network and investing in innovative technologies to enhance grid reliability and efficiency. Our exceptional financial performance, driven by strategic expansion, increased reserves, and cost controls, secures a promising future. As a forward-thinking utility, we prioritize responsible financial management to support operations and provide top-tier services. We strategically allocate resources to maximize returns while adhering to Environmental, Social, and Governance (ESG) commitments. Through efficient resource management and a resilient balance sheet, we deliver sustainable value to stakeholders and maintain grid reliability amid evolving market and regulatory demands.
Over the years, we have consistently demonstrated expertise in executing large-scale transmission projects, significantly contributing to India's power sector growth. We focus on resource efficiency, operational excellence and meeting the needs of our stakeholders. Committed to continuous improvement, we strive to advance our technological standards, ensuring our transmission infrastructure is modern, adaptable, and environmentally responsible. Our focus remains on creating lasting value for all stakeholders by prioritizing structured improvements in infrastructure development, asset management, and responsible sourcing
Our collective knowledge, skills, and innovation are central to our success and adaptability in the dynamic energy sector. This section explores how we cultivate and leverage these critical intangible assets. Through strategic initiatives and investments, we foster a culture of continuous learning and knowledge sharing, empowering our workforce and improving operational efficiency. By harnessing our intellectual strengths, we maintain a competitive edge, advance technology, and ensure long-term value creation for stakeholders, facilitating reliable and efficient power delivery nationwide.
POWERGRID places a strong emphasis on environmental stewardship and sustainable resource management across its operations. The company is dedicated to minimizing its environmental footprint and fostering sustainability throughout its business operations. POWERGRID invests significantly in renewable energy, energy efficiency, and conservation initiatives to promote responsible resource use, reduce greenhouse gas emissions, and preserve biodiversity.
Our sustainability journey started way back in 1998 with the disclosure of our Environmental and Social Policy & Procedure (ESPP) after a Nationwide consultation process in association with The World Bank.
Our global leadership in power transmission is propelled by our skilled workforce, considered the company's most valuable asset. We foster a workplace culture of trust, efficiency, and purpose, focusing on employee well-being, engagement, and empowerment. To meet evolving industry demands, we invest in capacity building by attracting top talent and equipping its 9,048 skilled professionals to excel. Through strategic HR processes, the company promotes continuous learning, innovation and collaboration. By investing in training, we enhance technical, safety, and leadership skills, while also committing to diversity and inclusion for a supportive and equitable workplace.
Focus Areas: Human Rights, Diversity, Equity and Inclusion, Talent Attraction and Retention, Employee Well-being, Health and Safety and Training and Career development.
Our Board is structured to maintain a well-balanced blend of executive and non-executive leadership. It comprises five Whole-Time Directors, including Chairman and Managing Director, Director (Finance), Director (Personnel), Director (Operations) and Director (Projects). Additionally, the Board includes two Government Nominee Directors serving in a part-time capacity, alongside three Independent Directors appointed in a non-official, part-time role. This diverse composition ensures that POWERGRID benefits from a wide array of perspectives and expertise, crucial for navigating the complexities of the energy sector.
Social & Relationship Capital
Our commitment to sustainability extends beyond our operational scope, focusing on making a lasting positive impact on society through empowering communities via Corporate Social Responsibility (CSR) initiatives. Our mission transcends financial success and is rooted in the principles of People, Planet, and Profit. We prioritize individual welfare, environmental health, and sustainable actions, embarking on a transformative journey to uplift communities and enhance life quality nationwide.
Through diverse social interventions, we integrate communities into our growth trajectory, propelled by a steadfast commitment to community engagement and compliance with relevant laws. We believe businesses have a moral duty to transcend financial goals and actively contribute to societal betterment.