Power Grid Corporation Of India Limited · NSE:POWERGRID
Power Grid Corporation Of India — Q2 FY2024-25 Earnings Presentation
33 slides from Power Grid Corporation Of India's earnings presentation, Nov 8, 2024
Slide 1: Exchange filing cover letter: Presentation and recording links
Dt: 8th November, 2024 To To The General Manager (Listing) The General Manager (Listing) National Stock Exchange of India Limited BSE Limited Exchange Plaza, C 1/G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai. Bandra (East), Mumbai. Reference: NSE-SCRIP ID: POWERGRID;
Slide 2: Q2 FY 2024-25 Analysts' Meet
Q2 FY 2024-25 Analysts’ Meet (November 08, 2024) A constituent of
Slide 3: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any secur
Slide 4: Agenda
Agenda Overview Major Highlights Performance Highlights Growth Outlook Sustainability & Awards 3
Slide 5: Group Overview
Group Overview India’s largest power transmission utility: A “Maharatna” CPSE International* Credit Rating Subsidiaries: 641 | Joint Ventures: 12 S&P BBB- Global Footprints: 23+ Countries FITCH BBB- MOODY’S Baa3 Telecom Network: ≍ 100,000 km2 Domestic Credit Rating Consultancy3: Domestic (150+); Int
Slide 6: Transmission Overview
Transmission Overview Transmission Assets spread across India Transmission Lines Sub-Stations IR capacity System Availability 1,515 nos. 280 nos. 99,580 MW 1,78,975 ckm 5,43,961 MVA 84% of total IR 99.80% Transmitting 45% of India’s Power 18 63 168 20 64 >290,000 >3,800 HVDC 765 kV 400 kV SVC/ GIS T
Slide 7: Major Highlights (1/2)
Major Highlights (1/2) Emerged L1 bidder in 08 ISTS TBCB projects during Q2FY25 Levelized Tariff: ₹5,476.85 Cr. 1 Dynamic Reactive Compensation at Khavda 2 Transmission System for interconnections of 3 Renewable Energy evacuation in Khavda area 4 Add’l TS for evacuation of power from Bhadla-III PS P
Slide 8: Major Highlights (2/2)
Major Highlights (2/2) Emerged L1 bidder in 04 ISTS TBCB projects during Oct’24 & Nov’24 Levelized Tariff: ₹1,738.82 Cr. 1 2 3 Shongtong Karcham HEP TS for evacuation of power TS for evacuation of power (450 MW) and Tidong HEP from Rajasthan REZ Ph-IV from Rajasthan REZ Ph-IV (150 MW) (Part 3: 6GW)
Slide 9: Performance Highlights
Performance Highlights Project Execution Operational Performance Financial Performance Other Businesses Commercial Performance 8
Slide 10: Elements Commissioned and MVA Added During The Quarter
Elements Commissioned 405 ckm Transmission Line and 8,515 MVA Transformation Capacity added during the quarter 765/400 kV 1500 MVA ICT-III at Phadge Substation 765/400 kV 1500 MVA ICT-V at Fatehgarh-II Substation • 765 kV Fatehgarh-II Bhadla-II Ckt #3&4 765/400 kV 1500 MVA ICT-IV at Bhadla-II MVA Ad
Slide 11: Project Execution: Capex and Capitalization
Project Execution Financial Performance – Q1FY21 Capex Capitalization* (₹ in crore) (₹ in crore) 4,006 10,002 2,320 2,173 5,387 4,615 1,686 3,431 1,348 825 1,711 1,720 Q1FY25 Q2FY25 H1FY25 Q1FY25 Q2FY25 H1FY25 Standalone Consolidated Standalone Consolidated * Exclusive of FERV * Includes assets capi
Slide 12: Operational Performance
Operational Performance (Upto end of Qtr.) Availability Reliability (Trippings per line) 99.80% 99.80% 0.17 99.75%* 0.09 Q1FY25 Q2FY25 Q1FY25 Q2FY25 * Full incentive capped at 99.75% 11
Slide 13: Financial Performance (Q2FY25)
Financial Performance (Q2FY25) Standalone Consolidated (₹ in crore) (₹ in crore) 11,530 11,846 11,206 11,383 3,834 * 3,711 3,781 3,793 Income PAT Income PAT Q2FY24 Q2FY25 Q2FY24 Q2FY25 * PAT including discontinued operation 12
Slide 14: Financial Performance (H1FY25)
Financial Performance (H1FY25) Standalone Consolidated (₹ in crore) (₹ in crore) 22,788 23,126 22,094 22,234 7,377 * 7,123 7,379 7,517 Income PAT Income PAT H1FY24 H1FY25 H1FY24 H1FY25 * PAT including discontinued operation 13
Slide 15: Consolidated Financial Performance
Financial Performance – Q1FY21 Financial Performance Growth Growth Description Q2FY25 Q2FY24 H1FY25 H1FY24 (%) (%) Income - Transmission Charges 10,877 10,911 - 21,543 21,667 (1) - Consultancy – Services 134 154 (13) 255 255 - - Telecom 267 202 32 486 393 24 CONSOLIDATED - Other Income 568 263 116 8
Slide 16: Standalone Financial Performance
Financial Performance – Q1FY21 Financial Performance Growth Growth Description Q2FY25 Q2FY24 H1FY25 H1FY24 (%) (%) Income - Transmission Charges 10,153 10,288 (1) 20,116 20,412 (1) - Consultancy Services 107 131 (18) 213 252 (15) - Other Income 1,123 787 43 1,905 1,430 33 Total Income 11,383 11,206
Slide 17: Financial Performance: Key Ratios
Financial Highlights –Q1FY21 (Standalone) Financial Performance (₹ in crore, unless stated otherwise) Description Standalone Consolidated As on 30.09.24 As on 30.09.23 As on 30.09.24 As on 30.09.23 Gross Fixed Assets (₹ crore) 2,60,813 2,57,664 2,78,983 2,73,276 Capital Work-in-Progress (₹ crore) 11
Slide 18: Other Key Financial Information
Other Key Financial Information Description Q2FY25 Q2FY24 Income for previous periods (Consol.) 229 231 Int. on differential tariff* 182 12 Int. from Subsidiaries & JVs* 496 351 Average Cost of Incentive (Consol.) 70 139 Borrowing# Dividend from JVs* 60 23 7.73% in Q2FY25 Dividend from Subsidiaries*
Slide 19: Other Business-Telecom (Q2FY25)
Other Business-Telecom (Q2FY25) Income# New Customers 13 Nos. added in Q2FY25 ₹267 Cr. Backbone availability 100% # On consolidated basis Letter of appreciation Letter of appreciation ~4.1 Tbps* capacity added Completed Phase-I of Bharat from ECI for from IAF for in pan India network to Net project
Slide 20: Consultancy (Q2FY25)
Consultancy (Q2FY25) Consultancy services to Domestic and International clients 16 Ongoing Assignments International 03 Income# Orders during Q2 ₹134 Cr. 77 Ongoing Assignments # On consolidated basis 02 Domestic Major Orders during Q2 19
Slide 21: Commercial Performance (Apr'24 - Sep'24)
Commercial Performance (Apr’24 - Sep’24) Outstanding dues (at end of Qtr) (in ₹ crore) Billing 6,633 ₹19,028 crore 1,665 5,548 4,735 2,253 Realization 2,029 ₹19,088 crore 38.25* 32.37* 26.03* 4,968 3,295 2,706 % Realization 100.31% Q2FY24 Q1FY25 Q2FY25 o/s > 45 days o/s < 45 days *Receivable (days b
Slide 22: Growth Outlook
Growth Outlook Sectoral Outlook Business Outlook Works in Hand 21
Slide 23: Sectoral Outlook
Sectoral Outlook Growth Drivers H2 India to be a 5 Non-fossil capacity Green Hydrogen Energy Storage International Trillion USD by 2030. Mission Interconnection economy. Rapid 500 GW Installed Power requirement Battery storage, One Sun One World Industrialization, capacity of ~125 GW for Pumped hydr
Slide 24: National Electricity Plan 2032 – Transmission (1/3)
National Electricity Plan 2032 – Transmission (1/3) As on By By 30.09.2024 Mar 2027 Mar 2032 ISTS: Inter State Transmission System; InSTS: Intra State Transmission System Peak Demand (GW) 249.85* 296 388 Installed Capacity (GW) 452.69 669 997 * Peak demand met in May’24 was 249.854 GW RE Capacity (G
Slide 25: Summary of Capex (2/3)
Summary of Capex (2/3) Description 2022-27 2027-32 Total Inter State Transmission System 2,69,150 3,91,624 6,60,774 Intra State Transmission System 1,56,072 99,296 2,55,368 Total 4,25,222 4,90,920 9,16,142 All figures in Rs. Cr. 24
Slide 26: Major HVDC projects & Cross Border Links (3/3)
Major HVDC projects & Cross Border Links (3/3) Transmission System for evacuation ±320 kV, 500MW HVDC (VSC), Khavda area of Gujarat under of additional RE power from Paradeep-Andaman HVDC link; Phase-V (8 GW): Part C, ±500 kV, Barmer-II (6 GW Solar): 6000MW ± Under Sea cable distance: approx. 2500 M
Slide 27: Works in Hand
Works in Hand Leading Energy Transition for a Sustainable Future Works in Hand# FY25 Capex Plan ~ ₹1,43,295 Cr. ₹18,000 Cr. Ongoing RTM New RTM Projects Projects ₹8,896 Cr. ₹38,008 Cr. RTM TBCB ₹4,084 Cr. ₹12,816 Cr. TBCB Other* ₹93,072 Cr. ₹3,319 Cr. Other (Non-DCO) ₹1,100 Cr. # As on 07.11.2024 *
Slide 28: Sustainability & Awards
Sustainability & Awards Sustainability Aspirations Awards & Recognition 27
Slide 29: Sustainability Aspirations
Sustainability Aspirations …towards a Greener Tomorrow 50% Electricity Net Water Positive consumption from RE organization sources by 2025 by 2030 Zero Waste to Net Zero Landfill status by 2047 by 2030 28
Slide 30: Awards & Recognition (1/3)
Awards & Recognition (1/3) CMD, POWERGRID in “Lifetime Achievement Award” category POWERGRID in “Grid Edge Award” category POWERGRID in “Corporate Impact Award - Comprehensive Portfolio” category 29
Slide 31: Awards & Recognition (2/3)
Awards & Recognition (2/3) CMD, POWERGRID was conferred with Director (Personnel), POWERGRID has been POWERGRID conferred with prestigious “Dun “Economic Times Energy Leadership conferred with “CHRO PRIDE Award” by the Award 2024” for “Significant contribution in & Bradstreet Award 2024” in “Power T
Slide 32: Awards & Recognition (3/3)
Awards & Recognition (3/3) POWERGRID conferred with “Transmission POWERGRID conferred with GOLD Award by Company of the Year 2024” Award by “The SKOCH Award-India” for its CSR POWERGRID adjudged as “Green Ribbon POWERGEN INDIA at “BHARAT ELECTRICITY project “Farmer centric Integrated Watershed Champ
Slide 33: Thank You
THANK YOU www.powergrid.in
Power Grid Corporation of India — Q2 FY2024-25 Earnings Presentation on 6ix