Académique Documents
Professionnel Documents
Culture Documents
Transmitting
Prosperity
www.powergridindia.com
Vision
“World Class, Integrated, Global Transmission Company with Dominant Leadership in Emerging
Power Markets Ensuring Reliability, Safety and Economy”
Mission Values
“We will become a Global Transmission Company with Dominant • Zeal to excel and zest for
Leadership in Emerging Power Markets with World Class Capabilities by: change
• World Class: Setting superior standards in capital project management • Integrity and fairness in all
and operations for the industry and ourselves matters
• Global: Leveraging capabilities to consistently generate • Respect for dignity and
maximum value for all stakeholders in India and in emerging and potential of individuals
growing economies • Strict adherence to
• Inspiring, nurturing and empowering the next generation of commitments
professionals • Ensure speed of response
• Achieving continuous improvements through innovation and state- • Foster learning, creativity and
of-the-art technology team-work
• Committing to highest standards in health, safety, security and • Loyalty and pride in
environment” POWERGRID
Objectives
The Corporation has set following objectives in line with its Vision, Diversified into telecommunication to utilize available resources in establishing
Mission and its status as “Central Transmission Utility” to: & operating National Grid. Established Broadband Telecom Network of about
• Undertake transmission of electric power through Inter-state 47,700 kms connecting over 688 POPs on extensively spread Transmission
Transmission System. Infrastructure.
• Discharge all functions of planning and coordination relating to • Only utility in the country having pan India overhead optic fibre on its Extra
High Voltage Transmission Network.
Inter-State Transmission System with-
• POWERGRID Fibre Telecom Network
i. State Transmission Utilities;
- Sturdy & Secure
ii. Central Government;
- Free from rodent menace and vandalism
iii. State Governments;
• Network has self resilient rings for redundancy in backbone as well as
iv. Generating Companies;
intra-city access networks.
v. Regional Power Committees;
• Offering total solutions and to meet specific needs of the customers
vi. Authority;
• Reliability of Telecom Network 99.95%
vii. Licensees;
• Bandwidth capacity available on all the metros & major cities.
viii. Any other person notified by the Central Government in this
behalf. • Extensive telecom network to serve uneconomic and backward areas for
the benefit of the common man.
• To ensure development of an efficient, co-ordinated and
• Plan to extend network to neighboring countries for terrestrial SAARC
economical system of Inter-State Transmission Lines for smooth Telecom Grid. Network to Bangladesh, Bhutan and Nepal already
flow of electricity from generating stations to the load centres. established.
• Efficient Operation and Maintenance of Transmission Systems. • Possesses Unified License having authorization for NLD Services and ISP
• Restoring power in quickest possible time in the event of any (Category – A) Services in the Country. Also possesses IP-I Registration to
natural disasters like super-cyclone, flood etc. through deployment provide infrastructure services.
of Emergency Restoration Systems. • One of the executing agency for major prestigious projects of Govt. of India,
• Provide consultancy services at national and international level in like - National Knowledge Network (NKN), National Optical Fibre Network
transmission sector based on the in-house expertise developed by (NOFN) etc.
the organization. • Enterprise Business offerings - Virtual Local Area Network (VLANs), Multi
• Participate in long distance telecommunication business ventures. Protocol Label Switching (MPLS) based Virtual Private Network (VPN).
• Ensure principles of Reliability, Security and Economy matched • Introducing other Value Added Services:
with the rising / desirable expectation of cleaner, safer, healthier - Tower Infrastructure
Environment of people, both affected and benefited by its - Wi-fi Services
activities. - Data Centre Services
Power Grid Corporation of India Limited - Annual Report 2017-18
NOTICE
NOTICE is hereby given that the Twenty Ninth Annual General Meeting of the Members of Power Grid Corporation of India Limited will be held
on Tuesday, the 18th September, 2018 at 11.00 a.m. at ‘Manekshaw Centre’, Parade Road, Delhi Cantt., New Delhi - 110 010 to
transact the following business:
ORDINARY BUSINESS:
1. To receive, consider and adopt the Audited Financial Statements (including Consolidated Financial Statements) of the Company for the
Financial Year ended 31st March, 2018, the Reports of the Board of Directors and Auditors thereon.
2. To note the payment of interim dividend and declare final dividend for the Financial Year 2017-18.
3. To appoint a Director in place of Shri K. Sreekant (DIN 06615674), who retires by rotation and being eligible, offers himself for re-
appointment.
4. To fix the remuneration of the Statutory Auditors for the Financial Year 2018-19.
SPECIAL BUSINESS:
5. To appoint Ms. Seema Gupta (DIN 06636330) as a Director liable to retire by rotation.
To consider and if thought fit, to pass with or without modification, the following resolution as an ORDINARY RESOLUTION:
“RESOLVED THAT pursuant to the provisions of Section 149, 152 and any other applicable provisions of the Companies Act, 2013 and the
Rules made thereunder, Ms. Seema Gupta (DIN 06636330), who was appointed as Director (Operations), by the President of India vide
Ministry of Power Office Order No. 25-11/7/2017-PG dated 20th February, 2018 and subsequently appointed as an Additional Director by
the Board of Directors with effect from 1st March, 2018 and holds office upto the date of ensuing Annual General Meeting under Section
161 of the Companies Act, 2013 and who has consented to act as director and in respect of whom the Company has received a notice in
writing under Section 160 of the Companies Act, 2013, be and is hereby appointed as Director (Operations), liable to retire by rotation.”
6. To approve appointment of Shri Manoj Kumar Mittal (DIN: 07937052) as an Independent Director.
To consider and if thought fit, to pass with or without modification, the following resolution as an ORDINARY RESOLUTION:
“RESOLVED THAT pursuant to the provisions of Sections 149, 150, 152 and any other applicable provisions of the Companies Act, 2013
and the Rules made thereunder, Shri Manoj Kumar Mittal (DIN 07937052) who was appointed as an Independent Director by the President
of India vide Ministry of Power Office Order No. 1/38/96-PG(Vol-III) dated 7th September, 2017 and appointed by the Board of Directors
as an Additional Director - Independent Director w.e.f 12th September, 2017 and subsequently appointed again by the Board as Additional
Director after the conclusion of 28th Annual General Meeting held on 19th September, 2017 and holds office upto the date of ensuing Annual
General Meeting under Section 161 of the Companies Act, 2013 and who has consented to act as Director, be and is hereby appointed as
Independent Director of the Company with effect from the date of his initial appointment i.e. 12th September, 2017 for a period of three
years, not liable to retire by rotation.”
7. To approve appointment of Shri Sunil Kumar Sharma (DIN: 03614952) as an Independent Director
To consider and if thought fit, to pass with or without modification, the following resolution as an ORDINARY RESOLUTION:
“RESOLVED THAT pursuant to the provisions of Sections 149, 150, 152 and any other applicable provisions of the Companies Act, 2013 and
the Rules made thereunder, Shri Sunil Kumar Sharma (DIN 03614952) who was appointed as an Independent Director by the President
of India vide Ministry of Power Office Order No. 20/6/2017-Coord. dated 17th July, 2018 and subsequently appointed as an Additional
Director - Independent Director by the Board of Directors with effect from 23rd July, 2018 and holds office upto the date of ensuing Annual
General Meeting under Section 161 of the Companies Act, 2013 and who has consented to act as director be and is hereby appointed as
Independent Director of the Company with effect from 23rd July, 2018 for a period of three years, not liable to retire by rotation.”
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8. To approve appointment of Smt. A. R. Mahalakshmi (DIN: 08187493) as an Independent Director.
To consider and if thought fit, to pass with or without modification, the following resolution as an ORDINARY RESOLUTION:
“RESOLVED THAT pursuant to the provisions of Sections 149, 150, 152 and any other applicable provisions of the Companies Act, 2013
and the Rules made thereunder, Smt. A. R. Mahalakshmi (DIN 08187493) who was appointed as an Independent Director by the President
of India vide Ministry of Power Office Order No. 20/6/2017-Coord. dated 17th July, 2018 and subsequently appointed as an Additional
Director - Independent Director by the Board of Directors with effect from 26th July, 2018 and holds office upto the date of ensuing Annual
General Meeting under Section 161 of the Companies Act, 2013 and who has consented to act as director be and is hereby appointed as
Independent Director of the Company with effect from 26th July, 2018 for a period of three years, not liable to retire by rotation.”
9. Ratification of remuneration of the Cost Auditors for the Financial Year 2018-19.
To consider and if thought fit, to pass with or without modification, the following resolution as an ORDINARY RESOLUTION:
“RESOLVED THAT pursuant to Section 148 and any other applicable provisions of the Companies Act, 2013 read with the Companies
(Audit and Auditors) Rules, 2014, the remuneration of M/s. Chandra Wadhwa & Co., Cost Accountants and M/s. R.M. Bansal & Co., Cost
Accountants as the joint Cost Auditors of the Company (for Transmission and Telecom business) as approved by the Board of Directors for
the Financial Year 2018-19 at a remuneration of ₹2,50,000/- (Rupees Two Lakhs Fifty Thousand only) to be shared equally by both the
firms; Taxes as applicable to be paid extra, travelling and out of pocket expenses to be reimbursed as per policy of the Company and an
additional remuneration of ₹12500 plus Taxes as applicable to be paid extra, to M/s. Chandra Wadhwa & Co., Cost Accountants, the Lead
Cost Auditor for consolidation and facilitation for filing of Consolidated Cost Audit Reports for the Financial Year 2018-19 of the Company
as a whole, be and are hereby ratified and confirmed.”
10. To raise funds up to ₹20,000 crore, from domestic market through issue of secured / unsecured, non-convertible, non-
cumulative/cumulative, redeemable, taxable / tax-free Debentures/Bonds under Private Placement during the Financial
Year 2019-20 in upto twenty tranches/offers.
To consider and if thought fit, to pass with or without modification, the following resolution as a SPECIAL RESOLUTION:
(i) “RESOLVED THAT pursuant to Sections 23(1)(b), 42 and 71 of Companies Act, 2013 read with Rule 14(2) of Companies (Prospectus
and Allotment of Securities) Rules, 2014 and other applicable provisions, if any, of the Companies Act, 2013 as amended, Securities
and Exchange Board of India (SEBI) Rules and Regulations including SEBI (Issue and Listing of Debt Securities) Regulations,
2008, as amended, or provisions of any other applicable law and the Memorandum and Articles of Association of the Company,
approval be and is hereby granted to raise upto ₹20,000 crore in domestic market during the Financial Year 2019-20 for financing
of capital expenditure, providing Inter Corporate Loan(s) to wholly owned subsidiaries and for general corporate purposes, in one or
more tranches but not exceeding twenty tranches / offers through issue of secured / unsecured, non-convertible, cumulative/non-
cumulative, redeemable, taxable / tax-free debentures (“Bonds”) under Private Placement.
(ii) RESOLVED FURTHER THAT that the Board of Directors / Committee of Directors for Bonds / such official(s) as may be authorized by
Board of Directors / Committee of Directors for Bonds, be and are hereby authorized and it shall always be deemed to have been so
authorized to finalize the detailed terms and conditions of each issue / tranche of Bonds, Issue programme of Bonds, deposit / pay
fees, execute and deliver / file such offer letter(s), document(s), deed(s) and writing(s), etc. as may be required and to do all such
other acts, deeds and things as may be necessary and incidental and consequential for raising funds up to ₹20,000 crore during
the Financial Year 2019-20 from domestic sources through Private Placement of secured / unsecured, non-convertible, cumulative/
non-cumulative, redeemable, taxable / tax-free Bonds in one or more tranches but not exceeding twenty tranches / offers.
(iii) RESOLVED FURTHER THAT the Director (Finance)/Company Secretary be and is hereby severally authorized to carry out minor
modifications, if any, and to do all such acts, deeds and things as may be necessary, proper, expedient or incidental or consequential
for the purpose of giving effect to the aforesaid resolution.”
(Divya Tandon)
General Manager &
Company Secretary
Regd. Office:
B-9, Qutab Institutional Area,
Katwaria Sarai, New Delhi - 110 016.
(CIN: L40101DL1989GOI038121)
Date: 6th August, 2018
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Power Grid Corporation of India Limited - Annual Report 2017-18
NOTES:
1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE
INSTEAD OF HIMSELF/HERSELF AND THE PROXY NEED NOT BE A MEMBER OF THE COMPANY.
Proxies, in order to be effective must be lodged with the Company not less than 48 hours before the commencement of the Annual General
Meeting, i.e. latest by 11.00 a.m. on Sunday, 16th September, 2018. Blank proxy form is enclosed.
A person can act as a proxy on behalf of members not exceeding fifty and holding in the aggregate not more than ten percent of the total
share capital of the Company carrying voting rights. A member holding more than ten percent of the total share capital of the Company
carrying voting rights may appoint a single person as proxy and such person cannot act as a proxy for any other person or shareholder.
2. As required by Regulation 36 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the relevant details of
Shri K. Sreekant (DIN: 06615674), Director (Finance), retiring by rotation and seeking re-appointment under aforesaid Item No. 3 and,
Ms. Seema Gupta (DIN: 06636330), Shri Manoj Kumar Mittal (DIN: 07937052), Shri Sunil Kumar Sharma (DIN: 03614952) and Smt.
A. R. Mahalakshmi (DIN: 08187493), Additional Directors seeking appointment under aforesaid Item No. 5, 6 7 and 8, respectively, in
accordance with applicable provisions of the Articles of Association of the Company are annexed.
3. None of the Directors of the Company is in any way related to each other.
4. Statement pursuant to Section 102(1) of the Companies Act, 2013, relating to the Special Business to be transacted at the Meeting is
annexed hereto.
(i) note that copies of Annual Report will not be distributed at the Annual General Meeting.
(ii) bring their copies of Annual Report, Notice and Attendance Slip duly completed and signed at the meeting.
(iii) deliver duly completed and signed Attendance Slip at the entrance of the venue of the meeting and obtain entry slips, as entry to the
Hall will be strictly on the basis of the entry slip available at the counter at the venue of the Annual General Meeting. Photocopies of
Attendance Slip will not be entertained for issuing entry slip for attending Annual General Meeting.
(v) note that due to strict security reasons - mobile phones, brief cases, eatables and other belongings will not be allowed inside the
Auditorium.
(vi) note that no gifts/coupons will be distributed at the Annual General Meeting.
6. Corporate Members are requested to send a duly certified copy of the Board Resolution/Power of Attorney authorizing their Representative
to attend and vote on their behalf at the Annual General Meeting. Alternatively, such an authority duly certified should be brought by the
Representative attending on behalf of the Corporate Body, at the meeting.
7. The Register of Members and Share Transfer Books of the Company will remain closed from 12th September, 2018 to 18th September, 2018
(both days inclusive).
8. The Board of directors, in their meeting held on 1st February, 2018, had declared an Interim Dividend of ₹2.45 per share (i.e. @ 24.5%) on
the paid-up equity share capital of the Company which was paid on 15th February, 2018. Members who have not received or not encashed
their Dividend warrants may approach Karvy Computershare Private Limited, Registrar and Share Transfer Agent of the Company for
obtaining duplicate warrant or revalidating the warrant. The Board had further recommended a Final Dividend of ₹2.80 per share (i.e. @
28%) on the paid-up equity share capital of the Company in its meeting held on 29th May, 2018. The Dividend, if declared at the Annual
General Meeting will be paid on 26th September, 2018 to those Members, whose names appear on the Register of Members of the Company
as on 18th September, 2018 in respect of physical shares. However, in respect of shares held in dematerialized form, the Dividend will be
payable to those persons whose names appear as beneficial owners as at the closure of the business hours on 11th September, 2018 as
per details to be furnished by the depositories.
9. Pursuant to provisions of Companies Act, 2013, unclaimed final dividend for the Financial Year 2009-10 and unclaimed interim dividend for
the Financial Year 2010-11 have been transferred to the Investor Education and Protection Fund (IEPF) established by Central Government
on 20th November, 2017 and 10th April, 2018, respectively. Pursuant to Provisions of IEPF Rules, the Company has uploaded the details
of unpaid and unclaimed amounts lying with the Company as on 19th September, 2017 (the date of last Annual General meeting) on the
website of the Company (www.powergridindia.com) and also on the website of the Ministry of Corporate Affairs.
10. Unclaimed final dividend for the Financial Year 2010-11 and unclaimed interim dividend for the Financial Year 2011-12 will be due for
transfer to the Investor Education and Protection Fund in October, 2018 and March, 2019 respectively pursuant to the provisions of Section
124 of the Companies Act, 2013.
3
11. Attention of the members is drawn to the provisions of Section 124(6) of the Act, which require a company to transfer in the name of IEPF
Authority all shares in respect of which dividend has not been paid or claimed for 7 ( seven) consecutive years or more. In accordance with
the aforesaid provision of the Act read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund)
Rules, 2016, as amended, the Company has already initiated action for transfer of all shares in respect of which dividend has not been
claimed or paid for seven consecutive years. Members are advised to visit the web-link: http/www.powergridindia.com/investor relation/
investor services to ascertain details of shares liable for transfer in the name of IEPF Authority
12. Members are advised to submit their Electronic Clearing System (ECS) mandates to enable the Company to make remittance by means of
ECS. Those holding shares in dematerialized form may send the ECS Mandate in the enclosed Form directly to their Depository Participants
(DP). Those holding shares in physical form may send the ECS Mandate Form to Karvy Computershare Private Limited, the Registrar &
Share Transfer Agent of the Company. Those who have already furnished the ECS Mandate Form to the Company/ Depository Participant/
Registrar & Share Transfer Agent with complete details need not send it again.
The shareholders who hold shares in Physical form and who do not wish to opt for ECS facility may please mail their bankers’ name, branch
address and account number to Karvy Computershare Private Limited, Registrar & Share Transfer Agent of the Company to enable them
to print these details on the dividend warrants.
13. Members holding shares in multiple folios in physical mode are requested to apply for consolidation of shares to the Company or to the
Registrar & Share Transfer Agent along with relevant Share Certificates.
14. Pursuant to Section 139 (5) of the Companies Act, 2013 the Statutory Auditors of the Government company are appointed by the
Comptroller & Auditor General of India (C&AG) and in terms of Section 142 of the Companies Act, 2013, the remuneration has to be fixed
by the company in the Annual General Meeting or in such manner as the company in General Meeting may determine. The Members of the
Company, in 28th Annual General Meeting held on 19th September, 2017, had authorized the Board of Directors to fix the remuneration of
Statutory Auditors for the Financial Year 2017-18. Accordingly, the Board of Directors has fixed audit fee of ₹99,60,000 plus applicable GST
for the Statutory Auditors for the Financial Year 2017-18 in addition to reimbursement of actual travelling and out-of-pocket expenses for
visit to accounting units. The C&AG have appointed M/s. S. K. Mittal & Co., M/s. R. G. N. Price & Co., M/s. Kothari & Co. and M/s. Parakh
& Co. as Statutory Auditors of the Company for the Financial Year 2018-19. The Members may authorize the Board to fix remuneration of
Statutory Auditors as may be deemed fit by the Board for the Financial Year 2018-19.
15. All the documents referred to in this Notice are open for inspection at the Registered Office of the Company on all working days (excluding
Saturday and Sunday), between 11.00 AM to 1.00 PM upto Monday, the 17th September, 2018 and at the venue of the meeting.
16. Members holding shares in physical form and desirous of making a nomination in respect of their shareholding in the Company, as
permitted under Section 72 of the Companies Act, 2013, are requested to submit to the Registrar & Share Transfer Agents of the
Company the prescribed Form (Form No. SH-13) of the Companies (Share Capital and Debentures) Rules, 2014. In case of shares held in
dematerialized form, the nomination has to be lodged with the respective Depository Participant.
17. Attention of the members is drawn to Securities and Exchange Board of India (SEBI) Circular SEBI/HO/MIRSD/DOP1/CIR/P/2018/73 dated
20.04.2018, which require shareholders holding shares in physical form and whose folio(s) do not have complete details relating to their
PAN and bank account, or where there is any change in the bank account details provided earlier, to compulsorily furnish the details to
RTA/ Company for registration /updation.
18. Members are informed that pursuant to SEBI (LODR) (Fourth Amendment) Regulations, dated 8th June, 2018 effective from 5th December,
2018, requests for effecting transfer of securities in physical form shall not be processed by the Company unless the securities are held in
dematerialized form with a Depository. Hence, members are requested to dematerialize their physical holding.
19. Annual Listing fee for the year 2018-19 has been paid to the Stock Exchanges wherein shares of the Company are listed.
20. Members are requested to send all correspondence concerning registration of transfers, transmissions, sub-division, consolidation of
shares or any other shares related matter to Company’s Registrar and Share Transfer Agent.
21. Members are requested to notify immediately any change in their address:
(i) to their Depository Participants (DP) in respect of shares held in dematerialized form, and
(ii) to the Company at its Registered Office or its Registrar & Share Transfer Agent, Karvy Computershare Private Limited in respect of
their physical shares, if any, quoting their Folio Number.
22. Members desirous of getting any information on any items of business of this meeting are requested to address their queries to the
Company Secretary at least ten days prior to the date of the meeting, so that the information required can be made readily available at
the meeting.
23. In terms of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014
and in compliance with the provisions of Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
the Company is offering remote e-voting facility to all the Shareholders of the Company in respect of items to be transacted at this Annual
General Meeting and in this regard, the Company has engaged the services of Karvy Computershare Private Limited (KARVY) to provide
the facility of electronic voting (‘remote e-voting’).
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Power Grid Corporation of India Limited - Annual Report 2017-18
24. Instructions and other information relating to remote e-voting are as under:
A. The remote e-voting facility will be available during the following voting period:
Commencement of remote e-voting: From 9.00 a.m. (IST) on 15th September, 2018.
B. In case a Member receives an email from Karvy [for Members whose email IDs are registered with the Company/ Depository
Participant(s)]:
(ii) Enter the login credentials (i.e. User ID and password mentioned at Attendance Slip). Your Folio No./DP ID- Client ID will be
your User ID. However, if you are already registered with Karvy for e-voting, you can use your existing User ID and password
for casting your vote.
(iv) You will now reach password change Menu wherein you are required to mandatorily change your password. The new password
shall comprise minimum 8 characters with at least one upper case (A-Z), one lower case (a-z), one numeric (0-9) and a special
character (@,#,$,etc.). The system will prompt you to change your password and update your contact details like mobile
number, email ID, etc. on first login. You may also enter a secret question and answer of your choice to retrieve your password
in case you forget it. It is strongly recommended that you do not share your password with any other person and that you take
utmost care to keep your password confidential.
(vi) On successful login, the system will prompt you to select the E-Voting Event Number for Power Grid Corporation of India
Limited.
(vii) On the voting page enter the number of shares (which represents the number of votes) as on the cut-off date under “FOR/
AGAINST” or alternatively, you may partially enter any number in “FOR” and partially in “AGAINST” but the total number in
“FOR/AGAINST” taken together should not exceed your total shareholding as mentioned overleaf. You may also choose the
option “ABSTAIN” and the shares held will not be counted under either head.
(viii) Members holding multiple folios / demat accounts shall choose the voting process separately for each of the folios / demat
accounts.
(ix) Voting has to be done for each item of the Notice separately. In case you do not desire to cast your vote on any specific item
it will be treated as abstained.
(x) You may then cast your vote by selecting an appropriate option and click on “Submit”.
(xi) A confirmation box will be displayed. Click “OK” to confirm else “CANCEL” to modify. Once you confirm, you will not be allowed
to modify your vote. During the voting period, Members can login any number of times till they have voted on the Resolution(s).
(xii) Corporate / Institutional Members (i.e. other than Individuals, HUF, NRI, etc.) are also required to send scanned certified true
copy (PDF Format) of the Board Resolution / Authority Letter, etc., together with attested specimen signature(s) of the duly
authorized representative(s), to the Scrutinizer at e-mail ID: contact@cssanjaygrover.in. They may also upload the same in
the e-voting module in their login. The scanned image of the above mentioned documents should be in the naming format
“Corporate Name_EVEN NO.”
C. (I) In case a Member receives physical copy of the Annual General Meeting Notice by Post [for Members whose email IDs are not
registered with the Company / Depository Participant(s)]:
(i) Use ‘user ID’ and ‘initial password’ as provided at Attendance Slip.
(ii) Please follow all steps from Sr. No. (i) to (xii) as mentioned in (B) above, to cast your vote.
5
(II) The remote e-voting period commences on 15th September, 2018 (09.00 AM IST) and ends on 17th September, 2018 (05.00 PM.
IST). The remote e-voting module shall be disabled by M/s Karvy Computershare Private Limited for voting thereafter and the
facility will be blocked forthwith. During remote e-voting period, shareholders of the company holding shares either in physical
form or in dematerialized form, as on the cut-off date i.e. 11th September, 2018 may cast their vote electronically. Once the
vote on a resolution is cast by a Member, the Member shall not be allowed to change it subsequently. Further, the Members
who have cast their vote electronically shall not be allowed to vote again at the Meeting.
(III) Any Person who has acquired shares and becomes Member of the Company after the dispatch of the Notice of the AGM but
before the cut-off date of 11th September, 2018, may obtain their user ID and password for remote e-voting from Company’s
Registrar & Transfer Agents, M/s Karvy Computershare Private Limited, Karvy Selenium Tower B, Plot 31-32, Gachibowli
Financial District, Nanakramguda, Hyderabad – 500 032, Phone No: 040 6716 1500, E-mail id: einward.ris@karvy.com, Toll
Free No.: 18003454001 and Fax: 040 23420814 and can also request for the physical copy of the Annual Report.
(IV) Members who have cast their vote through remote e-voting facility prior to the meeting may also attend the meeting but shall
not be entitled to cast their vote again. At the venue of the meeting, members who have not cast their vote through remote
voting may cast their vote through ballot paper. The facility for voting by electronic voting system shall not be made available
at the venue of the AGM.
(V) Persons whose names are recorded in the Register of Members maintained by Registrar and Share Transfer
Agent as on cutoff date i.e. 11th September, 2018 shall only avail the facility of remote e-voting or voting
through ballot paper at venue of the meeting.
(VII) In case of any query pertaining to e-voting, please visit Help & FAQ’s section available at Karvy’s website https://evoting.karvy.
com.
(VIII) The voting rights of the Members shall be in proportion to the paid-up value of their shares in the equity capital of the Company
as on the cut-off date (i.e. the record date), being Tuesday, 11th September, 2018.
(IX) The Board of Directors have appointed Shri Sanjay Grover, Managing Partner, M/s Sanjay Grover & Associates, Company
Secretaries, as a Scrutinizer, for conduct of the e-voting process in a fair and transparent manner.
(X) The Scrutinizer shall, immediately after the conclusion of voting at the Annual General Meeting, first count the votes cast at
the meeting, thereafter, unblock the votes cast through remote e-voting in the presence of at least two (2) witnesses not in
the employment of the Company and will make, not later than forty eight hours of conclusion of the meeting, a consolidated
Scrutinizer’s Report of the votes cast in favour or against, if any, to the Chairman or a person authorized by him in writing who
shall countersign the same. Chairman or a person authorized by him in writing shall declare the result of the voting forthwith.
(XI) The Results on resolutions shall be declared after the Annual General Meeting of the Company and the resolutions will be
deemed to be passed on the Annual General Meeting date subject to receipt of the requisite number of votes in favour of the
Resolutions.
(XII) The Results declared along with the Scrutinizer’s Report(s) will be available on the website of the Company (www.powergridindia.
com) and on Karvy’s website (https://evoting.karvy.com) immediately after the result is declared by the Chairman or a person
authorized by him in writing and communication of the same to National Stock Exchange of India Limited and BSE Limited.
As per the provisions of Sections 101 and 136 of the Companies Act, 2013 read with the Companies (Management and Administration)
Rules, 2014 and Regulation 36 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the service of notice/
documents including Annual Report can be sent by e-mail to its members. Members who have not registered their e-mail addresses, so
far, are requested to register their e-mail addresses, in respect of dematerialized shares with the Depository through their concerned
Depository Participants. Members who hold shares in physical form are requested to fill the E-Communication Mandate Form and hand
over the same along with Attendance Slip at the Registration Counter of venue of Annual General Meeting for registration of Email address
for receiving notice/documents including Annual Report in future.
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Power Grid Corporation of India Limited - Annual Report 2017-18
Annexure to Notice
EXPLANATORY STATEMENT
ITEM NO. 5
Appointment of Ms. Seema Gupta (DIN 06636330) as a Director liable to retire by rotation
Ms. Seema Gupta was appointed as Director (Operations) of the Company by the President of India vide Ministry of Power Order No. 25-
11/7/2017-PG dated 20th February, 2018 and assumed charge w.e.f. 1st March, 2018. In terms of Article 31A of the Articles of Association, the
Board of Directors are empowered to appoint the directors appointed by the President of India as an Additional Director under provisions of the
Companies Act, 2013 (the Act) and they will be appointed by the Shareholders at the succeeding Annual General Meeting (AGM). Accordingly,
the Board, vide resolution by circulation dated 1st March, 2018 co-opted Ms. Seema Gupta as an Additional Director. Ms. Seema Gupta holds
office upto the date of the ensuing AGM. The Company has received a notice in writing under Section 160 of the Act proposing the appointment
of Ms. Seema Gupta as a Director on the Board of POWERGRID.
The above appointment of Ms. Seema Gupta as Director (Operations) on the Board of the Company, being liable to retire by rotation in terms of
Section 152 of the Act read with Article 31A of the Articles of Association of the Company requires approval of the Members in the General Meeting.
None of the Directors and Key Managerial Personnel of the Company or their relatives are concerned or interested in the resolution financially
or otherwise except to the extent that he or she is a Director and/or Shareholder of the Company.
The Board of Directors of your Company recommends passing of the resolution as set out at Item No. 5 as an Ordinary Resolution.
ITEM NO. 6
Shri Manoj Kumar Mittal (DIN 07937052) was appointed as an Independent Director of the Company by the President of India vide Ministry
of Power Office Order No. 1/38/96-PG(Vol-III) dated 7th September, 2017 to hold the office upto and including 11th September, 2020 i.e. for a
term not exceeding 3 consecutive years. In terms of Article 31A of the Articles of Association, the Board of Directors are empowered to appoint
the directors appointed by the President of India as an Additional Director under provisions of the Companies Act, 2013 (the Act) and they will
be appointed by the Shareholders at the Annual General Meeting (AGM) after their appointment. Accordingly, the Board vide resolution by
circulation dated 12th September, 2017 appointed Shri Mittal as an Additional Director till the date of last AGM and subsequently in the Board
Meeting held on 19th September, 2017 appointed Shri Manoj Kumar Mittal again as an Additional Director. Shri Manoj Kumar Mittal holds office
upto the date of the ensuing AGM.
Further, in the opinion of the Central Government, Ministry of Power Shri Mittal fulfills the conditions specified in the Act and the Rules made
thereunder and that Shri Mittal is independent of the Management. It is proposed to appoint him as an Independent Director w.e.f the date of
his initial appointment, i.e 12th September, 2017 for a period of three years.
The above appointment of Shri Manoj Kumar Mittal as an Independent Director on the Board of the Company, not being liable to retire by
rotation in terms of Sections 149 & 152 of the Act, requires approval of the Members in the General Meeting.
None of the Directors and Key Managerial Personnel of the Company or their relatives are concerned or interested in the resolution financially
or otherwise except to the extent that he or she is a Director and/or Shareholder of the Company.
The Board of Directors of your Company recommends passing of the resolution as set out at Item No. 6 as an Ordinary Resolution.
ITEM NO. 7
Shri Sunil Kumar Sharma (DIN 03614952) was appointed as an Independent Director of the Company by the President of India vide Ministry
of Power Office Order No. 20/6/2017-Coord. dated 17th July, 2018 for a term not exceeding 3 consecutive years. In terms of Article 31A of the
Articles of Association, the Board of Directors are empowered to appoint the directors appointed by the President of India as an Additional
Director under provisions of the Companies Act, 2013 (the Act) and they will be appointed by the Shareholders at the Annual General Meeting
(AGM) after their appointment. Accordingly, the Board vide resolution by circulation dated 23rd July, 2018 appointed Shri Sunil Kumar Sharma as
an Additional Director. Shri Sunil Kumar Sharma holds office upto the date of the ensuing AGM.
7
Further, in the opinion of the Central Government, Ministry of Power Shri Sunil Kumar Sharma fulfills the conditions specified in the Act and the
Rules made thereunder and that Shri Sunil Kumar Sharma is independent of the Management. It is proposed to appoint him as an Independent
Director for a period of three years w.e.f. 23rd July, 2018.
The above appointment of Shri Sunil Kumar Sharma as an Independent Director on the Board of the Company, not being liable to retire by
rotation in terms of Sections 149 & 152 of the Act, requires approval of the Members in the General Meeting.
None of the Directors and Key Managerial Personnel of the Company or their relatives are concerned or interested in the resolution financially
or otherwise except to the extent that he or she is a Director and/or Shareholder of the Company.
The Board of Directors of your Company recommends passing of the resolution as set out at Item No. 7 as an Ordinary Resolution.
ITEM NO. 8
Smt. A. R. Mahalakshmi (DIN 08187493) was appointed as an Independent Director of the Company by the President of India vide Ministry of
Power Office Order No. 20/6/2017-Coord. dated 17th July, 2018 for a term not exceeding 3 consecutive years. In terms of Article 31A of the
Articles of Association, the Board of Directors are empowered to appoint the directors appointed by the President of India as an Additional
Director under provisions of the Companies Act, 2013 (the Act) and they will be appointed by the Shareholders at the Annual General Meeting
(AGM) after their appointment. Accordingly, the Board vide resolution by circulation dated 26th July, 2018 appointed Smt. A. R. Mahalakshmi as
an Additional Director w.e.f. 26.07.2018. Smt. A. R. Mahalakshmi holds office upto the date of the ensuing AGM.
Further, in the opinion of the Central Government, Ministry of Power Smt. A. R. Mahalakshmi fulfills the conditions specified in the Act and the
Rules made thereunder and that Smt. A. R. Mahalakshmi is independent of the Management. It is proposed to appoint her as an Independent
Director for a period of three years w.e.f. 26th July, 2018.
The above appointment of Smt. A. R. Mahalakshmi as an Independent Director on the Board of the Company, not being liable to retire by
rotation in terms of Sections 149 & 152 of the Act, requires approval of the Members in the General Meeting.
None of the Directors and Key Managerial Personnel of the Company or their relatives are concerned or interested in the resolution financially
or otherwise except to the extent that he or she is a Director and/or Shareholder of the Company.
The Board of Directors of your Company recommends passing of the resolution as set out at Item No. 8 as an Ordinary Resolution.
ITEM NO. 9
Ratification of remuneration of the Cost Auditors for the Financial Year 2018-19.
As per Section 148 (3) of the Companies Act, 2013, the appointment of Cost Auditor shall be made by the Board of Directors on such
remuneration as may be determined by the Members.Under the Companies (Audit and Auditors) Rules 2014, the Board while appointing the
cost auditors has to approve the remuneration payable to them and the remuneration so approved by the Board has to be ratified by the general
meeting. Accordingly, it was recommended by the Audit Committee and approved by the Board (i) to appoint M/s Chandra Wadhwa & Co., Cost
Accountants and M/s R.M. Bansal & Co., Cost Accountants as joint Cost Auditors of the Company for the FY 2018-19 for a fee of ₹2,50,000/-
plus applicable taxes to be shared equally by each Auditor. The above fees is exclusive of travelling and out of pocket expenses, which shall be
reimbursed as per policy of the Company and; (ii) to appoint M/s. Chandra Wadhwa & Co., Cost Accountants, as the Lead Cost Auditor for the
work of consolidation and facilitation for filing of consolidated Cost Audit Report of the Company for the financial year 2018-19 at an additional
fee of ₹12,500/- (Rupees Twelve Thousand Five Hundred only) excluding taxes and out of pocket expenses.
None of the Directors and Key Managerial Personnel of the Company or their relatives are concerned or interested in the resolution financially
or otherwise except to the extent that he or she is a Director and/or Shareholder of the Company.
The Board of Directors of your Company recommends passing of the resolution as set out at Item No. 9 as an Ordinary Resolution.
8
Power Grid Corporation of India Limited - Annual Report 2017-18
ITEM NO. 10
To raise funds up to ₹20,000 crore from domestic market through issue of secured / unsecured, non-convertible, non-
cumulative/cumulative, redeemable, taxable / tax-free Debentures/Bonds under Private Placement during the Financial year
2019-20 in upto twenty tranches/offers
POWERGRID Board of Directors, in their 355th meeting held on 10th July, 2018, approved raising of secured / unsecured, non-convertible, non-
cumulative, redeemable, taxable / tax-free, Rupee Linked Bonds/Bonds under private placement from domestic/external/overseas sources up
to ₹20,000 crore (Approx) in upto twenty tranches depending upon the requirement of funds during the Financial Year 2019-20 for financing of
POWERGRID Capital expenditure requirement, providing inter corporate loans to wholly owned subsidiaries and for general corporate purposes.
An amount of ₹25,000 crore to ₹30,000 crore is being considered as expected Capital Expenditure (CAPEX) during the Financial Year 2019-20.
In order to have a debt equity mix of 70:30 an amount of ₹17,500 crore - ₹21,000 crore is estimated to be mobilized as debt and Balance ₹7,500
crore - ₹9,000 crore from internal resources during the Financial Year 2019-20.
Presently, POWERGRID domestic Bonds have been rated at highest credit rating (AAA) by various Rating Agencies i.e. CRISIL, ICRA & CARE. The
rates of interest are determined on the market conditions prevailing at the time of entering the market for a particular offer of bonds on private
placement (including offer to Qualified Institutional Buyer/s). At present, borrowing through domestic bonds was being done by the Company at
a cost which is comparable to prevailing interest rates applicable to AAA rated corporate bonds. In line with the past practice, the interest yield
on the proposed borrowings is also envisaged to be comparable to the interest rates of prevailing interest rates of AAA rated corporate bonds.
The proposed borrowing for FY 2019-20 will be within overall borrowing limits of `1,80,000 crore.
None of the Directors and Key Managerial Personnel of the Company or their relatives are concerned or interested in the resolution financially
or otherwise, except to the extent that he or she is a Director and/or Shareholder of the Company.
The Board of Directors of your Company recommends passing of the resolution as set out at Item No. 10 as a Special Resolution.
The Register of Directors and Key Managerial Personnel and their shareholding, Register of Contracts or Arrangements in which Directors are
interested and all the documents referred to in this Notice and Explanatory Statement are open for inspection between 11.00 a.m. to 1.00 p.m.
on all working days at the Registered Office i.e. B-9, Qutab Institutional Area, Katwaria Sarai, New Delhi – 110 016 upto Monday, 17th September,
2018 and at the venue of meeting.
(Divya Tandon)
General Manager &
Company Secretary
Regd. Office:
B-9, Qutab Institutional Area,
Katwaria Sarai, New Delhi - 110 016.
(CIN: L40101DL1989GOI038121)
9
BRIEF RESUME OF THE DIRECTORS SEEKING RE-ELECTION
Directors seeking re-election at the 29th AGM:
1.
1.
10
Power Grid Corporation of India Limited - Annual Report 2017-18
2.
3.
4.
* Under Liquidation
11
12
Power Grid Corporation of India Limited - Annual Report 2017-18
PROXY FORM
Name of the member(s):
Registered address:
E-mail Id:
Folio no/ Client Id:
I/We, being the member(s) of …………… shares of the above named company, hereby appoint
1. Name of the member(s):
Address:
E-mail Id:
Signature:……………, or failing him
2. Name of the member(s):
Address:
E-mail Id:
Signature:……………, or failing him
3. Name of the member(s):
Address:
E-mail Id:
Signature:…………….
As my/our proxy to attend and vote (on a poll) for me/us and on my/our behalf at the 29th Annual General Meeting of the company, to be held
on Tuesday, the 18th September, 2018 at 11.00 a.m. at ‘Manekshaw Centre’, Parade Road, Delhi Cantt., New Delhi – 110 010
and at any adjournment thereof in respect of such resolutions as are indicated below:
Resl. No. Resolutions For Against
Ordinary Business
1. To receive, consider and adopt the Audited Financial Statements (including Consolidated Financial Statements) of the
Company for the Financial Year ended 31st March, 2018, the Reports of the Board of Directors and Auditors thereon.
2. To note the payment of Interim Dividend and declare Final Dividend for the Financial Year 2017-18.
3. To appoint a Director in place of Shri K. Sreekant (DIN 06615674), who retires by rotation and being eligible,
offers himself for re-appointment.
4. To fix the remuneration of the Statutory Auditors for the Financial Year 2018-19.
Special Business
5. To appoint Ms. Seema Gupta (DIN 06636330) as a Director liable to retire by rotation.
6. To approve appointment of Shri Manoj Kumar Mittal (DIN: 07937052) as an Independent Director.
7. To approve appointment of Shri Sunil Kumar Sharma (DIN: 03614952) as an Independent Director.
8. To approve appointment of Smt. A. R. Mahalakshmi (DIN: 08187493) as an Independent Director.
9. Ratification of remuneration of the Cost Auditors for the Financial Year 2018-19.
10. To raise funds up to ₹20,000 crore, from domestic market through issue of secured / unsecured, non-convertible,
non-cumulative/cumulative, redeemable, taxable / tax-free Debentures/Bonds under Private Placement during
the Financial Year 2019-20 in upto twenty tranches/offers.
Affix Revenue
Signature of Shareholder
Stamp
Signature of Proxyholder(s)
Note:
1. This form of proxy in order to be effective should be duly completed and deposited at the Registered Office of the Company,
13
14
Power Grid Corporation of India Limited - Annual Report 2017-18
Bank Name
Branch Name & Address
Bank Account Type (tick) SB Current Other
Bank Account Number
9 Digit Code Number of the Bank and Branch
appearing on the MICR Cheque issued by the Bank.
(Please attach a photo copy of the Cheque)
I hereby declare that the particulars given above are correct and complete and also express my concurrence to receive information through
e-mail towards dividend paid by the Company under the ECS mode.
_______________________________________
Signature of the 1st Registered Holder/Sole Holder
15
16
Power Grid Corporation of India Limited - Annual Report 2017-18
Contents
Notice 01
Reference Information 18
Letter to Shareholders 20
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Power Grid Corporation of India Limited - Annual Report 2017-18
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Consultancy assignments with multilateral funding on competitive bidding basis have also been secured. On the Telecom front, network coverage
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Your Company is performing well in the competitive environment under Tariff Based Competitive Bidding (TBCB). During the year your company
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&RUULGRU¶ under the TBCB route. As on March 31, 2018, your Company has secured 12 projects under this model and I am happy to share
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Towards integration of Renewable Energy Resources with the Grid, your Company is playing an important role including undertaking the
development of high capacity Green Energy Corridors as well as transmission schemes worth about `FURUHIRU0:8OWUD0HJD6RODU
Parks in various states. For development of Smart Grid in India, your Company is continuously focusing towards improving reliability, security,
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solar lights, fuel catalysts devices for DG sets etc. Towards sustainability and green initiative, your Company is installing Rooftop Solar PV
Systems in 55 locations of its own premises across the Country. <RXU&RPSDQ\WKHOHDGHULQ6XVWDLQDELOLW\5HSRUWLQJLQWKH,QGLDQ
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sustainable development through its activities.
As a part of Corporate Social Responsibility, your Company continued to contribute to society at large through initiatives that have positive impact
on society at large, especially the community in the neighborhood of its operations. Various CSR activities have been undertaken during the year
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Centre, AIIMS, New Delhi which has become functional during the year. µ32:(5*5,'9LVKUDP6DGDQ¶ZDVGHGLFDWHGWRWKHQDWLRQE\
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Patna, Guwahati and Ranchi. Further, your Company has actively participated in the ‘Swachh Bharat Abhiyaan’. Company’s employees and their
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20
Power Grid Corporation of India Limited - Annual Report 2017-18
Your Company’s contribution has been widely acknowledged and it has received several prestigious awards and distinctions. Some of the
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continued support. I would also like to take this opportunity to thank the employees whose commitment and hard work has helped in delivering
another successful year for the Company.
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Date: 6th August, 2018
Place: New Delhi
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Power Grid Corporation of India Limited - Annual Report 2017-18
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some of his recent benchmark contributions to the Indian power sector.
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Director (Finance)
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B. Com (Honours), CMA and PGDBM (Finance) from Management Development Institute, Gurgaon. Shri
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as a Director on the Board in September, 2016.
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Power Grid Corporation of India Limited - Annual Report 2017-18
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Director (Operations)
Ms. Seema Gupta (56 years) (DIN:06636330) is Director (Operations) of the Company. Prior to taking
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Engineer from Delhi College of Engineering (DCE) and also holds a Post Graduate Diploma in Management
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disciplinary functions like Commercial, International Business, Corporate Planning, Corporate Monitoring
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Government Nominee Director
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District in Manipur), Divisional Admn. He was appointed as a Director on the Board in April, 2018.
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Independent Director
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Independent Director
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Electronic Voting Machine, Biometrics for National Population Register and Smart Cards. He was appointed
as an Independent Director on the Board in July, 2018.
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Independent Director
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Power Grid Corporation of India Limited - Annual Report 2017-18
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28
Power Grid Corporation of India Limited - Annual Report 2017-18
32:(5*5,'¶V3(5)250$1&(
Short Term
Loans, 0.53%
Capital Work in
Foreign Currency Progress
Loans, 18.59% 12.07%
29%
29%
29%
30%
30%
49183
44576
35000
38580
30000
32935
29228
25000 Equity
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50%
Reserves Equity
20000
71%
71%
71%
70%
70%
15000 Debt
5232
5232
5232
5232
5232
10000
5000
0%
0
2013-14 2014-15 2015 -16 2016 -17 2017 -18
2013-14 2014-15 2015 -16 2016 -17 2017 -18
Year
Year
Transmission Revenue
92.58% Depreciation & Finance Costs
Amortization 24.67%
Expenses
29.55% Income Tax (MAT &
Deferred Tax)
7.27%
Other Income
1.18%
Consultancy, Project Dividend and
Management and Dividend Tax
Other Expenses (Net)
Supervision Fees 11.85%
6.51%
Dividend Income 2.15%
0.31% Employee Benefits
Interest Income Telecom Revenue Expense
Retained Earnings
1.97% 5.22%
1.81% 14.93%
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Particulars As per As per As per As per As per
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% 3$,' 3529,'(')25
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Finance costs 6303.83
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Dividend 3034.33 1313.12
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30
Power Grid Corporation of India Limited - Annual Report 2017-18
),1$1&,$/326,7,21
(` in crore)
Particulars As per Ind As per As per Opening Ind As per As per
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as on GAAP GAAP
(A) :+$77+(&203$1<2:1('
3URSHUW\3ODQW (TXLSPHQWVA 121336.82
Less: Accumulated Depreciation 23489.90
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Construction Stores)
Investment Property 0.03 0.03 0.03 0.03
$GYDQFHVIRU&DSLWDO([SHQGLWXUH 3853.61
1RQFXUUHQW,QYHVWPHQWV 836.08
Regulatory Assets 314.83
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TOTAL (A) 158355.10 158300.88
% :+$77+(&203$1<2:('
Long Term Loans:
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Current maturities of Long Term Loans 6081.60
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'HIHUUHG5HYHQXH*UDQWVLQ$LG 150.30
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Current Assets)
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Length of Transmission Lines (CKT) 148149
No. of substations 234
Transformation capacity (MVA)
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Power Grid Corporation of India Limited - Annual Report 2017-18
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To,
Dear Shareholders,
7KH %RDUG RI 'LUHFWRUV KDYH WKH SOHDVXUH RI SUHVHQWLQJ WKH th Annual Report on performance of Power Grid Corporation of India Limited
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results and achievements in all areas.
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capacity of the National Grid stood at 0: at the end of March, 2018.
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Description INR 86 INR 86
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* Including current maturities of long term borrowings.
33
Property, Plant & Equipments (Gross) Turnover & Profit after Tax
35000
30766
180000 177100
30000
160000 149730 26577
25000
140000
118264 121337 21243
120000 20000
₹ in Crore
17780
96504
100000 15721
₹ in Crore
Turnover
15000
80000 Profit after Tax
60000 10000 8239
7520
40000 5949
4979
5000 4497
20000
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2000
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per share. The total dividend payout for the year amounts to
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the Annual General Meeting.
500
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As on 31st March 2018, the transmission assets owned and operated by the Company stood at FNPRI([WUD+LJK9ROWDJH
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which is comparable to international standards. Number of tripping per line (unplanned) contained to 0.60, indicating high reliability
of the transmission system.
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your Company plans maintenance activities for every asset well in advance. Your Company believes in ‘preventive maintenance’ over
‘breakdown maintenance’ and is committed to adopt the best of technological tools to maintain its assets to achieve the optimum
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measurement cables. This would pave way towards digital substations.
Power Grid Corporation of India Limited - Annual Report 2017-18
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surges. This will help in analysing condition of the substation equipment as well as in failure investigations.
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NTAMC, set up for managing the assets and monitoring various parameters remotely on real time basis has been managing
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of operational performance of various regions. Based on the results, the best practices of various regions are shared with other
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The purpose of Internal Benchmarking is to identify gaps in operational practices of various regions, identify key initiatives and
focus areas and bring performance of all the Regions on same operational platform.
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performance on a monthly basis for critical parameters.
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being carried out by your Company using helicopters to identify transmission line defects. Helicopters equipped with Gimbal
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camera are being deployed to identify the defects and taking corrective measures.
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Your Company has adopted an android based application for patrolling of transmission lines for live updation of data and
effective monitoring of critical locations. Plan of patrolling for each cycle can be created and monitored effectively via this App.
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reports preparation and documentation.
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Infrastructure Protection Centre (NCIIPC) have been ensured.
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In the process of continuous up gradation and keeping in line with latest technological development in Grid Management, Company
has been implementing Advance Infrastructure projects.
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Besides regular project review meetings at different levels of the management, have helped to identify any hindrances well in
advance to enable timely corrective actions.
Also, to continuously improve the performance, interactive meets with Industry partners are organised regularly to share best
practices and to resolve common issues through feedback and consultative process. Apart from business interactions, to encourage
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different categories. Investment approvals for transmission projects worth about `FURUHKDYHEHHQDFFRUGHGGXULQJWKH\HDU
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On physical achievements front, your Company has been successful on a number of counts, whether it is completing long overdue
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projects or inter regional links.
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and support from State Governments, Ministry of Power, GoI and other Government agencies. The list of such projects
includes:
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36
Power Grid Corporation of India Limited - Annual Report 2017-18
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CAPEX, your Company had also tapped other sources, which include commercial Bank loans, loans from bilateral and multilateral funding
agencies.
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Company’s billing and collection methodology for transmission charges is robust and ensures prompt payment from its customers in
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charges and Losses) Regulations, 2010.
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The Sharing Regulations provide a time period of 60 days for the DICs to make payment against the bills raised on them. In order to
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ISTS Licensees in the Country, has evolved a Graded Rebate Policy wherein a graded rebate is provided for payments made within
60 days, which is being availed by many utilities.
The Company enjoys a robust payment security mechanism in the form of Letter of Credit and regulatory provisions to undertake
curtailment of Short term Open Access (STOA) of defaulting DICs to recover the transmission charges.
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Your Company is performing well in the competitive environment under Tariff Based Competitive Bidding (TBCB). The details in this regard
have been presented in Report on Management Discussion and Analysis.
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The electrical interconnections with neighbouring countries, Nepal, Bhutan and Bangladesh, are being further strengthened for
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Access (MTOA) to various applicants. Relevant regulations, procedures, guidelines and related documents for Connectivity, MTOA and LTA
applications and status thereof are available online on Company’s website.
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are in place.
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Various quality improvement measures have been initiated and implemented to get quality products as below:
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motivation for good suppliers and also sets a benchmark for other vendors. Systems are also developed for undertaking intelligent
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requirement.
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base thus creating more competitive environment.
“Make in India” campaign has been given a great push. Some overseas manufacturers have established their units in India for
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to promote “Make in India”, National High Power Test Laboratory Pvt. Ltd. (NHPTL), a Joint Venture Company with NTPC, NHPC,
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India and neighbouring countries. The present status of the Company has been covered under the section on Joint Ventures in the
Management Discussion and Analysis.
Your Company supports and encourages procurement from MSEs. It has taken various initiatives in line with Govt. of India Public
Procurement Policy (PPP) for Micro and Small Enterprises (MSEs). The annual procurement plan related to Goods and Services for which
MSEs may participate directly in bidding has been made available on website. The Company is continuously making efforts to increase its
MSE vendor data base.
38
Power Grid Corporation of India Limited - Annual Report 2017-18
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changes in ERP system to comply with GST requirements have been incorporated.
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Your Company has been at the forefront to adopt the latest advancements in the bulk power transmission, so as to result in technological
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engineering design etc. This centre aims to help in knowledge assimilation, enhancement and dissemination as well as adoption of
innovative technologies in power sector.
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initiatives taken by the Company in this direction in recent years.
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at Bina, Madhya Pradesh in collaboration with Indian equipment manufacturers for getting the 1200kV equipment developed in India
for future.
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during planning of new transmission lines and for disaster management studies.
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The Company is implementing the process bus technology in new substations and renovation of aged substations based on the
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stages of faults initiation and hence reducing sudden catastrophic failures of the same.
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Your Company took up development of Resin Impregnated Paper (RIP) condenser bushings for 800kV Transformers and Reactors to
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Smart Grid a promising business area.
Your Company offers wide range of smart grid solutions covering distribution infrastructure, advanced metering infrastructure, intelligent
outage management, electric vehicle charging stations, power quality management, net metering, renewable energy management center,
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utilities for implementation of smart grid project situated at various locations.
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with Battery Management System integration with network at Puducherry. The pilot system has demonstrated the capabilities
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deployment of large scale energy storage system to address intermittency, variability of renewables.
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To bring awareness on application of Smart Grid technologies and its demonstration in a holistic manner, your Company has
established Smart Grid Knowledge Center at Manesar equipped with various working models and functionalities. These working
models shall provide learning environment and capacity building on different smart grid attributes to various stakeholders.
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Hyderabad Metro Corridor. Discussions are in progress to deploy charging and swapping stations in some other cities.
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Your Company is playing a key role for integration of renewable energy resources into the Grid. High Capacity Green Energy Corridors are
under implementation, which will serve dual purpose to facilitate interconnection of large scale renewables into the National Grid as well
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To facilitate penetration of clean energy resource like Solar as well as distributed (roof top) Solar PV in the Andaman’s grid, your Company
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Andaman.
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Your Company has carried out energy audits of various heavy and medium industries, institutions, commercial establishment, municipalities
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(VPN), internet and other communication services to Telecom Service Providers, Government departments and enterprise customers. The
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by Company include bulk bandwidth orders from BSNL, 5 years’ MPLS VPN deal with EESL and 3 years’ MPLS VPN order from NHAI.
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Report for Joint Venture Company with RailTel Corporation for establishment of High Speed Mobile Communication Corridor (HSMCC)
for Indian Railways to improve its signalling has been submitted to Railway Board.
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Company has approached CERC for usage of transmission towers for installation of Base Transceiver Station (BTS) wherein the
telecom equipment shall run on induced power.
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Company is peered with global content providers for providing IP Transit services to ISPs. The IP Transit service reduces cost and
enhances service quality of hosted content for ISPs and in turn enables them to offer better internet services at lower price to their
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matching with rolling out of the Electric Locomotive from the newly constructed facility of Indian Railways at Madhepura. The works
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important consulting assignment under implementation includes strengthening of transmission network in Delhi.
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competitive bidding basis.
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connections were provided to about 1,11,600 BPL households.
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Your Company has completed the arduous task of underground cabling under IPDS work in Old Kashi area of Varanasi Town assigned
by Purvanchal Vidyut Vitaran Nigam Limited (PuVVNL), which involved conversion of overhead distribution network to underground
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consumers have been connected to the new underground system.
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augmentation in power transformation capacity, increase in revenue collection due to increase in number of metered consumers,
availability of quality power to the consumers, enhanced safety and aesthetics of the area.
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results, year after year. Thus, HR processes are designed to attract best talents from the premier institutes and develop them to
deliver high quality output. Through its learning initiatives, your Company is able to respond to challenges and is able to adapt to an
ever changing business environment, competition and to changing global markets. The continuous learning ensures updated people
with customer centric attitude for better business outcome.
Power Grid Corporation of India Limited - Annual Report 2017-18
Your Company’s practices are continuously aligned with technological development and competitive environment. Your Company
aims to prepare for future challenges; making the organization future ready. Your Company has been pioneer in several smart
learning and development initiatives and its practices like ‘Online HRD Management Systems’ have been recognized all across the
industry.
In the year 2017-18, your Company has conducted organisation wide Profit after Tax per Employee (₹ in Lakhs)
training and development programmes and other systems & process 100
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Company’s sustained efforts, as above, have resulted in higher 40
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per employee, circuit kilometer per employee and MVA per employee have 20
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Further, Power Sector is under transformation and Government of India Year
programs to its employees, and for various other power utilities at national 6
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Appreciating the notable people friendly practices, Company has been 0
recognized as one of the “India’s Best Companies to Work” for two 2013-14 2014-15 2015-16 2016-17 2017-18
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The Company is continuously updating its welfare policies in line with industry trend and to meet the changing needs for its employees.
Issues are successfully addressed through the National and Regional Bipartite Committee (PNBC/PRBC), a joint consultative forum
comprising management and workmen representatives elected through secret ballot.
At all establishments, cultural Programs are regularly conducted for promoting healthy community living. Various festivals are
celebrated collectively by organizing Milan Samaroh, cultural activities etc.
The Company also organizes Intra & Inter-Regional Sports Competitions for Kabaddi, Cricket, Volleyball, Chess, and Badminton
etc. and participates in the Inter-PSU Sports meets as well. Your Company team has emerged winners in Table Tennis, National
Management Games, Asian Management Games and other sports/games meets and bagged a number of awards.
Company has a comprehensive medical treatment policy that covers both in-patient and out-patient procedures for its employees as
well as their families. Employees also have the facility to undergo preventive health check-ups to ensure that any medical condition
does not go unchecked. Company has empanelled the best hospitals in the cities/towns surrounding its numerous establishments to
ensure that employees get the best of healthcare facilities. Further, Company has also tied up with visiting medical consultants at its
major establishments on a regular basis to provide initial consultation to employees at their place of work.
POWERGRID has constituted a separate reservation cell to look after and safeguard the legal provisions for SC/ST/OBC & PwD
categories of employees.
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utmost importance and resolved promptly. A dedicated team monitors and ensures grievances are redressed without any delay. Each
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Govt. norms. Lectures on wide spectrum of topics such as heritage, social and cultural concerns are also being delivered by eminent
scholars on regular basis to change the mindset of the employees towards increased working in Hindi. Following Govt. of India’s Rajbhasha
Policy regarding promotion of all Indian languages and Rajbhasha “Hindi”, your Company has made comprehensive efforts to enhance and
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employees working in Hindi have been implemented as per the government guidelines.
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stakeholders, endorsing the positive perception about the Company.
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and stakeholders during the quarterly Analysts and Press Meets have been instrumental in bringing forth the transparent work culture of
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press communiqué have been issued and widespread coverage has been ensured.
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have been highlighted through a proper media management strategy ensuring precise and timely dissemination of information which has
helped the Company earn widespread appreciation and applause from both from within the country as well as across the globe.
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part in industrial fairs where its efforts and the pace with which the Company has adopted state of the art technologies for meeting the
global challenges have been lauded by one and all. The Company also sponsored a number of sports, cultural and other programs for
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and connecting with the youth of the Country. The digital media posts provide prompt feedbacks and are instantaneous in their reach.
Power Grid Corporation of India Limited - Annual Report 2017-18
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Country to provide required information under the provisions of Act.
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management functioning. The Vigilance Department of your Company functions as an integral part of the management. The department
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organisations have been taken up.
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problems developing their moral intuitions, which are implicit in everyday choices and actions.
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been formed by the Company. The new concept of CVC regarding formation of Integrity Club has been highly appreciated by
the school authorities. Various activities related to enhancing ethical and moral values shall be sponsored through these clubs in
future. Outreach activities were conducted which included Nukkad Natak at Public Places. Gram Sabhas were also conducted at
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including environmental impacts, social concerns and safety issues. In this regard, the Company has integrated environmental and social
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Your Company, the leader in Sustainability Reporting in the Indian power sector, released its 5th biennial Sustainability Report in January,
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casing Company’s achievements gives all stakeholders a clear picture of contributions to sustainable development through its activities.
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Further, in order to achieve the Intended Nationally Determined Contributions (INDCs) target of the Country, the Company is playing a key
role in integration of renewable energy resources by establishing high capacity ‘Green Energy Corridors’ dedicated to renewable energy
including solar parks across the Country. Such initiatives not only reduce the dependency on thermal generation but also provide boost to
renewable generation by providing reliable grid connectivity.
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the Company’s activities are already aligned in 11 goals. Towards commitment to continual improvement, the Company has collaborated
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Towards sustainability and green initiative, your company is installing Rooftop Solar PV Systems in 55 locations of its own premises across
the Country.
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Your Company discharges its Corporate Social Responsibility (CSR), by committing itself to contribute to the society, through initiatives
that have positive impact on society at large, especially the community in the neighborhood of its operations. The main objective of
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Development, Skill Development, Health, Education, Environment, etc.
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To help economically weak patients undergoing treatment in AIIMS, New Delhi and their attendants, your Company has constructed
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During the year, the Company has participated in the ‘Swachh Bharat Abhiyaan’. Company’s employees and their family members, in more
than 150 locations across the Country, voluntarily undertook Shram Daan. Besides upkeep of 25 wards of Varanasi City, comprehensive
improvement for Iconic places – Baidyanath Dham for its overall improvement and plan including cleaning of entire premises, have been
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are in various stages of installation, across the Country. Truck mounted sweeping machine with vacuum cleaner have also been provided
to Municipal Corporation, Faridabad.
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of collaboration with the National Skill Development Fund (NSDF) and National Skill Development Corporation India (NSDC) for imparting
skill development training to youths. Further, to impart high end training to youths, the Company, besides its owned and operated Skill
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gainfully employed.
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were provided scholarships through National Foundation for Communal Harmony (NFCH) for continuing their education.
Power Grid Corporation of India Limited - Annual Report 2017-18
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Annual Report on our CSR activities is enclosed as $QQH[XUH;, of the Board’s Report.
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In addition to the issues in the Directors’ Report, some issues have been brought out in Report on Management Discussion and Analysis
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Company’s policies, the safeguarding of its assets, the prevention and detection of frauds, error reporting mechanism, the accuracy and
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Board.
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Company has received ‘NIL’ comments on the Accounts for the Year ended March 31, 2018 by the Comptroller and Auditor General of India
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ended March 31, 2018. The Report forms part of this Annual Report $QQH[XUH9.
The Secretarial Auditors have reported that during the period under review, the Company has generally complied with the provisions of
the Act, Rules, Regulations, Guidelines, Standards, etc. mentioned above, subject to the following observations:
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Obligations and Disclosure Requirements) Regulations, 2015 as observed by the Secretarial Auditor. The matter has already been
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Ms. Seema Gupta assumed the charge of Director (Operations) with effect from 1st0DUFK7KH0LQLVWU\RI3RZHUYLGH2I¿FH2UGHU
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In accordance with the provisions of Section 160 of the Companies Act, 2013 read with Article 31 (iii) of the Articles of Association of the
Company, Shri K. Sreekant, Director (Finance), shall retire by rotation at the ensuing Annual General Meeting of your Company and being
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provided in the Report on Corporate Governance, which forms part of this Report.
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Your Company has Audit Committee, CSR Committee and other Committees. The composition and scope of the Committees are provided
in the Report on Corporate Governance.
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Director and Functional Directors are as per terms and conditions determined by the Department of Public Enterprises (the DPE), Govt. of
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(f) the Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were
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contribution for emerging as the enabler for a vibrant Electricity Market in the country by consistently implementing transmission
systems, setting new benchmarks in Performance and technological advancements.
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Appellate Tribunal for Electricity, Central Electricity Authority, NITI Aayog, Department of Public Enterprises, Regional Power Committees,
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without whose active support, the achievements of the Corporation during the year under review would not have been possible.
Special thanks to our valued customers, State Governments and State power utilities and other clients, who have awarded various
consulting works and reposed faith in Company’s capability to handle them. The Board also appreciates the contribution of Contractors,
Vendors and Consultants for successful implementation of various projects by the Company.
Your Directors also acknowledge the valuable suggestions and guidance received from the statutory auditors during the audit of accounts
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reposed in your Company.
On behalf of Board of Directors, I would like to place on record our deep appreciation of the dedicated efforts and valuable services
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enthusiasm to achieve our aim to be the world’s premier transmission utility.
For and on behalf of the Board of Directors
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new regime. This did not take long, and from the third quarter onwards, signs of growth returning were evident.
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2.1. Growth of Power Sector is key to the economic development of the Country as it facilitates development across various sectors of
the economy, such as manufacturing, agriculture, commercial enterprises, railways etc. The Sector witnessed remarkable growth
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electricity in the Country, capacity addition, strengthening of transmission system and matching distribution network is required.
Government of India is giving focussed thrust on development of Power Sector and all the utilities including your Company are
making concerted efforts for achieving the targets set by Government of India.
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The overall generation (including generation from grid connected renewable sources) in the country has increased from
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(iv) Skill gap in workforce in transmission line construction activities and in the area of new technologies.
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assets. For maintaining high level of transmission system availability, your Company has been aiming at improving
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well as development of new technologies in the Indian power system, which are discussed herein below:
Your Company has been adopting higher voltage levels, specially designed towers and new technologies to gradually
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initiatives taken by the Company are as under:
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on selecting the shortest route, selection of optimum foundations based on type of terrain, areas prone to landslides,
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from law and order point of view, etc.
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constraints, etc.
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transmission corridor does away with the need of creating new parallel corridors and helps in conservation of scarce
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Power Grid Corporation of India Limited - Annual Report 2017-18
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Your Company has also been designing and using various new types of towers, specially narrow based towers, to
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Company has constantly upgraded and improvised by investing in new technologies like Gas Insulated Switchyard (GIS)
which requires substantially lesser land area in comparison to the conventional Air Insulated Switchyard (AIS).
Further in number of substations, where additional capacities are required to be created, your Company uses hybrid
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Due to very lengthy and cumbersome process, obtaining forest clearance had been a big challenge for timely completion
of projects. However, your Company’s concerted efforts and many proactive decisions taken by Ministry of Environment,
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area.
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Your Company, through its training development interventions, has played a key role to upgrade the workforce to adopt new
technologies, systems and practices and make the workforce ready to face the future challenges.
For overall skill development in the Country particularly in the area of Power Transmission Line Construction, Capacity
Building Programmes are being conducted with the help of Agencies engaged in Transmission Line construction.
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international standards. The number of tripping per line (unplanned) have been contained to 0.60 for the year, indicating
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Maintenance activities are planned well in advance and an ‘Annual Maintenance Plan’ is chalked out for every asset through
live line or shutdown maintenance, as per technical feasibility.
The proactive approach of your Company in managing the maintenance and refurbishment of the transmission assets has
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the best of technological tools available for better operational performance and in this direction following latest technologies
have been adopted by the Company:
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digital camera to identify the defects.
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at incipient stage. These include Frequency Response Analysis for Transformers and Reactors, Dynamic Contact
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Resistance Measurement for Circuit Breakers, Third Harmonic Resistive Current measurement for Surge Arrestors,
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particle counts, inhibitor content test are very useful for diagnosis of the problem and life enhancement of the
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your Company is providing high capability equipment in all new substations.
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way towards digital substations.
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causes of failures.
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associated transmission system due to delays in the materialisation of some of the generation projects. To mitigate the
same, agreements are being signed with the Generators by your Company to share the transmission charges as per CERC
Guidelines.
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The transmission charges of our assets are regulated by Central Electricity Regulatory Commission and are determined by
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been invited from members of the public, various players in the electricity industry and other stakeholders. The regulatory
framework in India is evolving and regulatory changes, if any, could have an impact on Company’s business, results of
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In fourth amendment to the Central Electricity Regulatory Commission (Indian Electricity Grid Code) Regulations, 2010
provision has been made to sign the implementation agreement with the Generating Companies and Transmission Licensees
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approaches CERC for approval of date of commercial operation and payment of transmission charges.
56
Power Grid Corporation of India Limited - Annual Report 2017-18
CERC Tariff Regulations allow payment against monthly bills towards transmission charges within a period of 60 days from
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also provided in case payment is made within 60 days. Most of the utilities are availing 60 days allowable period for clearing
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were taken by the Company against defaulting utilities.
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Government of India (GoI), Reserve Bank of India and the individual State Governments subsequent to the issuance of the
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(TSA) in case of default in establishment of LC and payment of transmission charges.
For projects being implemented under TBCB route, in case the transmission asset is prevented from regular service due to
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through bilateral billing.
In respect of trade receivables from Telecom and Consultancy, customer credit risk is managed by regular monitoring of the
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Considering the above factors and the prevalent regulations, the trade receivables continue to have a negligible credit risk
on initial recognition and thereafter on each reporting date.
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controlled through various Key Performance Indicators (KPIs).
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regular intervals and reviews KPIs and provides corrective measures, wherever required. The ERM approach has helped your Company
to improve strategic decisions making within the Organisation.
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consultancy and project management services, both in domestic and abroad.
6.2. Company’s performance in the Business Segment of Telecom and Consultancy is dicussed hereinunder:
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a pressure for downward revision of prices. However, your Company has ventured into business segments like offering MPLS
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increase its network reach, its presence and potential business opportunity.
6.3.2. Your Company has about 2,50,000 transmission towers out of which most are located in rural areas. It has taken the initiative to
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past about 1 year without any power interruption.
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to address this gap owing to feasibility issues as there is no uninterrupted power available in these remote locations. Further,
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course of time it would be able to provide transmission line towers for Telecom application.
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year.
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mostly been secured through competitive bidding basis.
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o sustainable development through conservation of natural resources and adopting environment friendly technology on principles of
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o the satisfaction of stakeholders in all areas of its activities and shall endeavor to improve continually its management systems and
practices in conformity to legal and regulatory provisions.
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for preparation of Accounts are followed consistently for uniform compliance.
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discussion and subsequent action.
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the balance coming from our consultancy, telecommunication business and other income.
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Power Grid Corporation of India Limited - Annual Report 2017-18
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Our charges for transmission customers are governed by tariff norms determined by the Central Electricity Regulatory
Commission (“CERC”) pursuant to Central Government Tariff Policy and legislation. As per the Tariff Policy issued by GoI
on 6th January, 2006, Central Electricity Regulatory Commission (CERC) shall be guided by the Tariff Policy while specifying
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any transmission system is declared under commercial operation without commissioning of data telemetry, communication
system up to load dispatch centre or protection system.
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for that year. Despite any moratorium period availed by your company, the repayment of loan is considered for tariff from
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WKH%DVH5DWHSOXVEDVLVSRLQWVRI6WDWH%DQNRI,QGLD%DQN5DWHDVRQRUDVRQst April of the year in which
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later.
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For projects being implemented under TBCB route, the tariff is not on cost plus basis and is discovered through bidding
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for establishing transmission projects on a Built, Own, Operate and Maintain (“BOOM”) basis.
The sharing of transmission charges is determined by CERC for cost plus projects and as adopted by CERC for TBCB projects..
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used as ISTS.
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respect of the interest on foreign currency loan and repayment of foreign loan acquired for the transmission system, in part
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debt, in the relevant year.
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loan repayment corresponding to the normative foreign currency loan in the relevant year is permissible, provided it is not
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Regulations are accounted as Regulatory Deferral Account Balance.
In respect of foreign currency borrowings drawn on are after 1st $SULO H[FKDQJH GLIIHUHQFHV DULVLQJ IURP IRUHLJQ
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Your company also earns revenue from Consultancy (including project management and supervision services) and telecommunication
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projects on a turnkey basis and technical consulting assignments for Indian state utilities, joint venture companies and utilities in
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Ventures.
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revision of employees of the company due w.e.f. 1st-DQXDU\
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The depreciation provided is related to transmission business on strainght line method following the rates and methodology
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Power Grid Corporation of India Limited - Annual Report 2017-18
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The decrease is due to decrease in value of investment in equity of PTC India Limited.
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facilities.
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2018.
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on the balance sheet as Intangible assets under development. The value of Intangible assets under development was
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on Transmission Projects during Fiscal 2018.
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Power Grid Corporation of India Limited - Annual Report 2017-18
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Fluctuation Asset, advance recoverable in kind or for value to be received.
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19.1 Inventories
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other spare parts, loose tools, consumable stores and other items. The cost of inventories increased in Fiscal 2018 as compared
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Trade Receivables consist mainly of receivables relating to transmission services, and also receivables from consultancy
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Substantially, all of our receivables are covered by letters of credit, following which we have no material debt collection problems.
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banks.
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account of term deposits in banks.
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on account of increase in unbilled revenue.
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under such loans guaranteed by the GoI.
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Loan Name %H\RQG Total
Domestic Bonds (1)
Domestic Loans (2)
Foreign Loans
86 21,352.03 28,613.26
(85
SEK 218.36
JPY 11.33 11.33 11.33 11.33 55.85
TOTAL (3)
*5$1'727$/
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Amount RIWRWDO
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Bonds denominated in Rupees
Term Loans and Other Loans From Banks and Financial Institutions:
Denominated in Foreign Currency*
Denominated in Rupees 13,638.00
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Power Grid Corporation of India Limited - Annual Report 2017-18
The following table presents our unsecured debt as at March 31, 2018:
Amount RIWRWDO
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%RQGVGHQRPLQDWHGLQ)RUHLJQ&XUUHQF\ 'RPHVWLF%RQGV 6,253.63
Term Loans, Other Loans and Advances From Banks and Financial Institutions:
Denominated in Foreign Currency
Denominated in Rupees 22.26
7RWDO 100
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Advance against depreciation (AAD) was a component of tariff that was permitted to be charged under CERC regulations for the Block
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depreciation charged in respect of transmission system is more than the depreciation recovery under tariff. As on 31st March, 2018, our
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respectively. The Company was incorporated to undertake the implementation of Transmission Lines associated with Tala
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E\32:(5*5,'RQth January, 2018 under Tariff based competitive bidding from REC Transmission Projects Company
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neither required as an evacuation line nor as a system strengthening line, no useful purpose will be served by adopting the
transmission charges and granting license to the petitioner for the said transmission line and has withdrawn the regulatory
approval for the Transmission project.
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The National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business released by the Ministry of Corporate
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practices which includes the following:
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of the key processes related to business are running on ERP.
(viii) Detail of Award is posted on the website on real time basis.
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the country not only reduced the dependency on thermal generation but also provided boost to renewable generation by providing
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employment relationship, a scheme for Grievance Redressal of employees is also in place which ensures a time bound mechanism for the
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same are also included in the contract conditions.
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on thermal generation but will also boost renewable generation by providing reliable grid connectivity which was earlier thought to
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Region by creating high capacity Transmission Highway and to Reduce CO2 emission by replacing the high carbon intensive thermal
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is added.
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sensitive areas, as mandated in its ESPP has resulted in saving of substantial forest area which is evident from the fact that forest
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80
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of CO2 absorption by saved forest) that would have been lost permanently without these measures. This measure in turn support
India’s Intended Nationally Determined Contributions (INDCs) target to create an additional carbon sink of 2.5 to 3 billion tonnes of
CO2 equivalent through additional forest and tree cover by 2030.
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towers is another pioneering initiative taken by Company towards green environment. Project is being run successfully at pilot scale
and the initiative will eliminate use of DG sets, a source of GHG emission. DG sets are used for backup and emergency power at
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Further, on the Technological Initiatives front, efforts are made for conservation of energy in our projects – right from planning stage, to
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which involve lower sag as against conventional conductor at higher operating temperatures thereby resulting in reduction of tower weight
and increasing span and consequently, reduce the total steel requirement resulting into lower carbon footprint. These latest technologies
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services for implementation of various projects on Smart Grid technology in different states.
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Yes. A detailed Risk Assessment and Management procedure is in place to identify and assess potential environmental and social risks,
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management of social and environmental risks.
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No.
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Towards integration of renewable energy resources into the National Grid as well as enlarging the balancing area to address renewable
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initiative will not only reduce the dependency on thermal generation but also e boost the renewable generation by providing reliable grid
connectivity which was earlier thought to be a major impediment for renewable energy development. Further, to facilitate penetration of
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referred.
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emission that can be attributed due to our activities is from operation of DG sets used intermittently as power backup. However, regular
maintenance of DG sets are ensured to maintained their emission level well within the permissible limits prescribed by Pollution Control
Board.
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equitable development through corporate social responsibility (CSR) initiatives as well as through our core business.
82
Power Grid Corporation of India Limited - Annual Report 2017-18
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development of areas and communities around our operations through various community development programmes, initiatives such as
Livelihood generation, Skill development, Healthcare, Education, Plantation, sanitation, drinking water, roads, drainage system, community
centres, development and conservation of water bodies, etc.
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National repute, etc.
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are engaged.
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villages and community. Based on social assessment outcome, we implement need based development works like supply and installation
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association with local authorities.
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inculcate ownership of facility.
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Not Applicable.
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measures for system improvement, wherever, required.
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emission in industrial and commercial sectors. Energy audits are regularly carried out to identify opportunities for energy saving
and few implementations have also been undertaken successfully to reduce energy consumption in industries and agriculture
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line crossing tower.
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foundations.
5. Completed testing of 12 nos. of towers for various transmission lines including 800kV HVDC, 320kV HVDC, 66kV, 132kV, 220kV,
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corridor by about two times:
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2. Fault Current Limiters: To control increasing short circuit current levels in the network, application of series reactors as fault
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of Green Energy Corridors (GEC) in eight renewable resource rich states in the Country. These corridors, covers establishment
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Further, Your Company is also implementing the evacuation system for various solar parks integrated with ISTS network in the
Country.
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equipment after site repairs.
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basis for mapping its transmission assets, for route alignment during planning of new transmission lines and for disaster
management studies.
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period
21. Implementation of smart grid technology in power system is being carried out through installation of phasor measurement
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monitoring of grid parameters.
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Power Grid Corporation of India Limited - Annual Report 2017-18
6. Special insulators like polymer composite insulators have been adopted in transmission lines in polluted areas.
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10. On line transformer monitoring techniques are being used for monitoring of critical parameters of power transformers.
11. Dynamic compensation in the form of SVCs and STATCOMs are being implemented for dynamic control of reactive power in
order to maintain the voltage and improve the stability of the grid.
12. For controlling short circuit current in the system, fault current limiters have been planned in the Grid.
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For the ground return mode of operation of HVDC Bipolar Transmission system, electrode stations are being used up to now, which
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have to be selected keeping in view that there are no metallic buried objects i.e. metallic oil and gas pipe line, metallic pipes, railway
line, telephone lines using metallic wires, electrical operated water pump sets etc. within a radius of about 8 to 10 km from the centre
of the proposed site of the earth electrode station. Since the inverter Terminal is generally located near the load centres, the cost of
land acquisition is very high.
Further, the electrode line of the HVDC Terminal also requires its right of way which creates the constraint in land usage.
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conductor, instead of having a ground electrode as return path has been adopted.Apart from eliminating the element of uncertainty
about the proper functionality of the earth electrode station, the usage of third conductor as a return path will result in conservation
of land required for conventional electrode station. It will avoid a separate electrode line and corresponding right of way related to
the electrode line resulting in further land conservation.
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become a scarce resource hence a plethora of issues arise during the land acquisition process for the construction of substations.
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to avoid public resistance and court intervention faced during land acquisition. Land at Chilakaluripeta (Andhra Pradesh), Jauljivi
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the year.
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routing the transmission lines as well as for setting up of sub stations. But understanding Environmental and Social Responsibilities,
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Procedures.
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for true inclusive growth.
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For and on behalf of the Board of Directors
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Power Grid Corporation of India Limited - Annual Report 2017-18
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out independently without access to the working papers of the statutory auditor and is limited primarily to inquiries of the statutory auditor and
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knowledge which would give rise to any comment upon or supplement to statutory auditors’ report.
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Power Grid Corporation of India Limited (hereinafter called the “Company”). Secretarial Audit was conducted in a manner that provided
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year ended on March 31, 2018 according to the provisions of:
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(a) The Electricity Act, 2003 and Rules and Regulations made there under.
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(Listing Obligation and Disclosure Requirements) Regulations, 2015.
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31st March, 2018. The changes in the composition of Board of Directors that took place during the period under review were carried out in
compliance with the provisions of the Act.
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participation at the meeting. Decisions are carried with the consent of all the Directors.
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these secretarial records based on our audit.
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Purchase Transfer 5.12
Purchase Transfer 5.22
Purchase Transfer 5.33
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Balance
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Power Grid Corporation of India Limited - Annual Report 2017-18
102
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Purchase Transfer 1.60
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Purchase Transfer 1.62
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Purchase Transfer 1.55
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Purchase Transfer 2.63
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Closing
Balance
$$$&,3 LTD Opening ,&,&,358'(17,$/
Balance /,)(,1685$1&(
COMPANY
LIMITED
Purchase Transfer
Sale Transfer 1.38
105
Power Grid Corporation of India Limited - Annual Report 2017-18
106
6+$5(+2/',1*3$77(512)7236+$5(+2/'(56%(7:((1$1'27(+57+$1352027(5',5(&725$'5$1'*'5
6KDUHKROGLQJDWWKH &XPXODWLYH6KDUHKROGLQJ
EHJJLQQLQJRIWKH<HDU GXULQJWKH<HDU
6O )ROLR'SLG &DWHJRU\ 7\SH 1DPHRIWKH No. of RIWRWDO Date ,QFUHDVH Reason No. of RIWRWDO
No. &OLHQWLG 6KDUH+ROGHU 6KDUHV VKDUHVRI 'HFUHDVH 6KDUHV VKDUHV
WKHFRPSDQ\ LQVKDUH RIWKH
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Sale Transfer
Purchase Transfer 1.38
Purchase Transfer 1.38
Sale Transfer 1.38
Sale Transfer
Sale Transfer 1.36
Sale Transfer 1.35
Purchase Transfer 1.35
Sale Transfer 1.35
Purchase 50188 Transfer 1.35
Sale Transfer
Purchase Transfer 1.35
Purchase Transfer 1.36
Sale Transfer 1.36
Sale Transfer 1.35
Purchase Transfer 1.36
Sale Transfer 1.35
Sale Transfer 1.35
Purchase Transfer 1.35
Purchase Transfer
Sale Transfer
Sale Transfer 1.33
Purchase Transfer 1.33
Purchase 13503 Transfer 1.33
Sale Transfer 1.32
Purchase Transfer 1.38
Purchase 13811 Transfer 1.38
Purchase 103512 Transfer 1.38
6+$5(+2/',1*3$77(512)7236+$5(+2/'(56%(7:((1$1'27(+57+$1352027(5',5(&725$'5$1'*'5
6KDUHKROGLQJDWWKH &XPXODWLYH6KDUHKROGLQJ
EHJJLQQLQJRIWKH<HDU GXULQJWKH<HDU
6O )ROLR'SLG &DWHJRU\ 7\SH 1DPHRIWKH No. of RIWRWDO Date ,QFUHDVH Reason No. of RIWRWDO
No. &OLHQWLG 6KDUH+ROGHU 6KDUHV VKDUHVRI 'HFUHDVH 6KDUHV VKDUHV
WKHFRPSDQ\ LQVKDUH RIWKH
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Sale Transfer 1.38
Sale Transfer 1.38
Sale Transfer
Sale Transfer
Sale Transfer 1.36
Sale Transfer
Sale Transfer
Purchase Transfer
Purchase Transfer
Purchase Transfer
Purchase Transfer
Sale Transfer 1.33
Sale Transfer 1.32
Purchase Transfer 1.33
Sale Transfer
Sale Transfer
Sale Transfer 1.26
Sale Transfer 1.16
Sale Transfer 1.15
Purchase Transfer 1.15
Sale Transfer 1.15
Sale Transfer
Sale Transfer 1.13
Sale Transfer 1.11
Sale Transfer
Sale Transfer
Closing
Balance
Power Grid Corporation of India Limited - Annual Report 2017-18
108
6+$5(+2/',1*3$77(512)7236+$5(+2/'(56%(7:((1$1'27(+57+$1352027(5',5(&725$'5$1'*'5
6KDUHKROGLQJDWWKH &XPXODWLYH6KDUHKROGLQJ
EHJJLQQLQJRIWKH<HDU GXULQJWKH<HDU
6O )ROLR'SLG &DWHJRU\ 7\SH 1DPHRIWKH No. of RIWRWDO Date ,QFUHDVH Reason No. of RIWRWDO
No. &OLHQWLG 6KDUH+ROGHU 6KDUHV VKDUHVRI 'HFUHDVH 6KDUHV VKDUHV
WKHFRPSDQ\ LQVKDUH RIWKH
KROGLQJ FRPSDQ\
5 $$$7+$ 087 Opening +')&75867((
Balance &2/7'$&
+')&(48,7<
23325781,7,(6
Purchase Transfer
Sale Transfer
Purchase 2568000 Transfer
Sale Transfer
Purchase 2850000 Transfer 1.52
Sale Transfer 1.50
Purchase Transfer 1.58
Sale Transfer 1.58
Purchase Transfer 1.61
Sale Transfer 1.61
Purchase 2000000 Transfer 86138562 1.65
Sale Transfer 1.65
Purchase Transfer 1.66
Sale Transfer 1.66
Purchase 3250000 Transfer
Sale Transfer
Purchase Transfer
Sale Transfer
Purchase 2128000 Transfer 1.81
Sale Transfer 1.81
Purchase Transfer 1.81
Sale Transfer 1.81
Purchase Transfer
Sale Transfer
Purchase Transfer 105131325 2.01
6+$5(+2/',1*3$77(512)7236+$5(+2/'(56%(7:((1$1'27(+57+$1352027(5',5(&725$'5$1'*'5
6KDUHKROGLQJDWWKH &XPXODWLYH6KDUHKROGLQJ
EHJJLQQLQJRIWKH<HDU GXULQJWKH<HDU
6O )ROLR'SLG &DWHJRU\ 7\SH 1DPHRIWKH No. of RIWRWDO Date ,QFUHDVH Reason No. of RIWRWDO
No. &OLHQWLG 6KDUH+ROGHU 6KDUHV VKDUHVRI 'HFUHDVH 6KDUHV VKDUHV
WKHFRPSDQ\ LQVKDUH RIWKH
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Sale Transfer
Purchase Transfer 106181028 2.03
Purchase Transfer
Sale Transfer
Purchase Transfer 2.12
Sale Transfer 2.11
Purchase Transfer
Sale Transfer 2.13
Purchase Transfer 2.16
Sale Transfer 2.16
Purchase Transfer 2.16
Sale Transfer 2.16
Purchase Transfer 2.21
Sale Transfer 2.21
Purchase Transfer
Purchase Transfer 2.28
Purchase Transfer
Sale Transfer
Purchase 603000 Transfer 2.30
Sale Transfer 2.30
Purchase 1 Transfer 2.30
Sale Transfer 2.30
Purchase Transfer 2.31
Sale Transfer 2.31
Purchase Transfer 2.35
Sale Transfer 2.35
Purchase Transfer
Sale Transfer
Power Grid Corporation of India Limited - Annual Report 2017-18
110
6+$5(+2/',1*3$77(512)7236+$5(+2/'(56%(7:((1$1'27(+57+$1352027(5',5(&725$'5$1'*'5
6KDUHKROGLQJDWWKH &XPXODWLYH6KDUHKROGLQJ
EHJJLQQLQJRIWKH<HDU GXULQJWKH<HDU
6O )ROLR'SLG &DWHJRU\ 7\SH 1DPHRIWKH No. of RIWRWDO Date ,QFUHDVH Reason No. of RIWRWDO
No. &OLHQWLG 6KDUH+ROGHU 6KDUHV VKDUHVRI 'HFUHDVH 6KDUHV VKDUHV
WKHFRPSDQ\ LQVKDUH RIWKH
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Sale Transfer
Purchase 388 Transfer
Sale Transfer
Purchase Transfer
Sale Transfer
Purchase 21652 Transfer
Sale Transfer
Purchase 12351 Transfer 126618120
Sale Transfer
Purchase Transfer
Sale Transfer
Purchase Transfer
Sale Transfer
Purchase Transfer
Sale Transfer
Purchase Transfer
Purchase 5606655 Transfer 2.58
Sale Transfer 2.58
Purchase Transfer 2.81
Sale Transfer
Purchase Transfer 2.66
Sale Transfer 2.66
Purchase 265 Transfer 2.66
Sale Transfer 2.66
Purchase Transfer 2.66
Sale Transfer 2.66
Purchase 1311 Transfer 2.66
Sale Transfer 2.66
6+$5(+2/',1*3$77(512)7236+$5(+2/'(56%(7:((1$1'27(+57+$1352027(5',5(&725$'5$1'*'5
6KDUHKROGLQJDWWKH &XPXODWLYH6KDUHKROGLQJ
EHJJLQQLQJRIWKH<HDU GXULQJWKH<HDU
6O )ROLR'SLG &DWHJRU\ 7\SH 1DPHRIWKH No. of RIWRWDO Date ,QFUHDVH Reason No. of RIWRWDO
No. &OLHQWLG 6KDUH+ROGHU 6KDUHV VKDUHVRI 'HFUHDVH 6KDUHV VKDUHV
WKHFRPSDQ\ LQVKDUH RIWKH
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Sale Transfer 2.66
Purchase 5011 Transfer 2.66
Sale Transfer 2.65
Purchase Transfer 2.85
Sale Transfer
Purchase Transfer
Sale Transfer
Purchase Transfer
Purchase Transfer
Purchase Transfer
Purchase 10610 Transfer
Purchase 5323 Transfer
Purchase 6383 Transfer
Sale Transfer
Closing
Balance
6 $$%7&( FPI Opening &$3,7$/:25/' 1.22 1.22
Balance *52:7+$1'
,1&20()81'
Closing 1.22
Balance
$$&&&0 FPI Opening COMGEST 1.21 1.21
Balance *52:7+3/&
&20*(67
*52:7+
EMERGING MARKE
Purchase 5121518 Transfer 68555662 1.31
Closing 68555662 1.31
Balance
8 $$(&04 FPI Opening MAGELLAN
Balance
111
Power Grid Corporation of India Limited - Annual Report 2017-18
112
6+$5(+2/',1*3$77(512)7236+$5(+2/'(56%(7:((1$1'27(+57+$1352027(5',5(&725$'5$1'*'5
6KDUHKROGLQJDWWKH &XPXODWLYH6KDUHKROGLQJ
EHJJLQQLQJRIWKH<HDU GXULQJWKH<HDU
6O )ROLR'SLG &DWHJRU\ 7\SH 1DPHRIWKH No. of RIWRWDO Date ,QFUHDVH Reason No. of RIWRWDO
No. &OLHQWLG 6KDUH+ROGHU 6KDUHV VKDUHVRI 'HFUHDVH 6KDUHV VKDUHV
WKHFRPSDQ\ LQVKDUH RIWKH
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Sale Transfer 0.81
Closing 0.81
Balance
AABCN3163H FPI Opening 1(::25/' 0.88 0.88
Balance )81',1&
Sale Transfer 38836110
Sale Transfer 33300856
Sale Transfer 0.58
Sale Transfer
Sale Transfer
Sale Transfer 0.56
Sale Transfer 0.51
Sale Transfer
Sale Transfer
Sale Transfer
Sale Transfer 0.38
Sale Transfer
Sale Transfer
Sale Transfer 0.36
Sale Transfer 0.35
Sale Transfer 0.35
Closing 0.35
Balance
6+$5(+2/',1*3$77(512)7236+$5(+2/'(56%(7:((1$1'27(+57+$1352027(5',5(&725$'5$1'*'5
6KDUHKROGLQJDWWKH &XPXODWLYH6KDUHKROGLQJ
EHJJLQQLQJRIWKH<HDU GXULQJWKH<HDU
6O )ROLR'SLG &DWHJRU\ 7\SH 1DPHRIWKH No. of RIWRWDO Date ,QFUHDVH Reason No. of RIWRWDO
No. &OLHQWLG 6KDUH+ROGHU 6KDUHV VKDUHVRI 'HFUHDVH 6KDUHV VKDUHV
WKHFRPSDQ\ LQVKDUH RIWKH
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10 $$$7+' FPI Opening 9,5786 32226586 0.62 32226586 0.62
Balance VONTOBEL
EMERGING
MARKETS
23325781,7,(6
)81
Sale Transfer 0.61
Sale Transfer 0.60
Purchase Transfer 0.61
Purchase Transfer 0.62
Purchase Transfer
Purchase Transfer
Purchase Transfer
Sale Transfer
Purchase Transfer
Sale Transfer
Purchase Transfer 0.82
Sale Transfer 0.82
Closing 0.82
Balance
113
Power Grid Corporation of India Limited - Annual Report 2017-18
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Power Grid Corporation of India Limited - Annual Report 2017-18
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116
Power Grid Corporation of India Limited - Annual Report 2017-18
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(` in crore)
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1 Gross salary
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(b) Value of perquisites 885362.61
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Power Grid Corporation of India Limited - Annual Report 2017-18
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Penalty
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The Directors present the Company’s Report on Corporate Governance.
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Corporate Governance is about promoting corporate fairness, transparency and accountability in the best interest of various stakeholders
in a Company. It is a system by which business corporations are directed and controlled. Power Grid Corporation of India Limited
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1. Setting superior standards in capital project management and operations for the industry and ourselves.
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(ii) To respond to the challenges and the emerging opportunities and to play a pivotal role in the economic development of the country.
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are implemented after approval by the Board.
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However, in one project the ceiling on equity investment is limited to `1000 crore. The overall ceiling on such investment in all projects put
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are given below:
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directors as independent directors.
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directors required under SEBI LODR and the Act. As the power to appoint the Directors on the Board under the Articles of Associaton
vests with the President of India acting through the Administrative Ministry, the Company has been, from time to time, requesting
Ministry of Power to appoint requisite number of independent directors on the Board.
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over of charge or till the date of superannuation of the incumbent or till further orders from the Government of India, whichever
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Government Nominee Directors representing the Ministry of Power, Government of India retire from the Board after completion of
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Independent Directors are generally appointed by the Government of India for tenure of three years and are also appointed by the
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the Board meetings to provide additional input to the items being discussed by the Board. In case of urgency, resolutions are passed
by circulation.
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The Board has complete access to all information with the Company. The information regularly supplied to the Board includes:
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taken on decisions of the Board and the Board Committee(s).
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As per SEBI LODR, the Audit Committee meets at least four times in a year and not more than one hundred twenty days elapse
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members of the Audit Committee whichever is greater, but there should be a minimum of two independent members present.
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statutory auditors.
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for approval, with particular reference to:
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6. Reviewing, with the management, performance of statutory and internal auditors and adequacy of the internal control systems.
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discussion to ascertain any area of concern.
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redundant efforts, and the effective use of all audit resources.
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responses.
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information.
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5. The appointment, removal and terms of remuneration of the chief internal auditor.
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As on 31st March 2018, the Stakeholder Relationship Committee comprised the following Directors:
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cases constrained by disputes or legal impediment. The details of the complaints received and disposed of during the year are as
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In pursuance of Schedule V (F) of SEBI LODR, details of shares lying in the shares escrow account are as under:
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As on 31st March 2018, the Nomination and Remuneration Committee comprised the following Directors:
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employees within the prescribed limits.
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respect of constitution of the committee.
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proposals of ongoing projects as may be required from the Board.
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Share Transfers effected during the year have been well within the time prescribed by the SEBI LODR.
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appointment of Merchant Bankers, Registrar to the Issue etc. As on 31st March 2018, the Committee for Bonds comprised following
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February 2018.
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Enterprises’ Guidelines on Corporate Social Responsibility and Sustainability for Central Public Sector Enterprises’. As on 31st March
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Guidelines on Corporate Governance for Central Public Sector Enterprises issued by Department of Public Enterprises, Govt. of India.
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subsidiaries and the policy has been disclosed on the company’s website and a web link thereto is also given as under:
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Sector Enterprises issued by Ministry of Heavy Industries and Public Enterprises, Department of Public Enterprises, Government
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Information and latest updates and announcements made by the Company can be accessed at Company’s website: www.powergridindia.
com including the following:
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8. Total assets 1288.66 1682.25 15.26
Total Liabilities 56.06 1682.15 25.63 15.21
10. Investments Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil
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1 Latest audited Balance Sheet Date 31.03.2018 31.03.2018 31.03.2018 31.03.2018
2 Date on which the Associate or th 25th 5th 23rd 23rd 26th 25th th th th th 5th
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Names of associates or joint ventures which are yet to commence operations Kalinga Bidyut Prasaran Nigam Private Limited
RINL Powergrid TLT Pvt. Limited
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323rd meeting held on 30th November, 2015. Major changes were incorporated in the Name of the Policy, inclusion of Vision and Mission
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education, skill development, health and other areas of national importance and adhere to sustainable environmental practices.
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The activities proposed to be undertaken under CSR shall include all the activities mentioned in Schedule VII mentioned in Section 135 (3)
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involved, which is beyond the above ratio.
Priority will be given for CSR activities to the stakeholders directly impacted by the operations of the Corporation
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both business and society.
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It is to state that the implementation and monitoring of CSR Policy, is in compliance with CSR objectives and Policy of the company.
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1 CC Carrying out a study on Environment Local Area Kutch Gujarat 12.33 :LOGOLIH,QVWLWXWH
Assessing the impacts of power of India
lines on Avian species in the arid
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2 CC Tailoring, designing,and Skill Local Area Gurgaon Haryana Direct
Embrodary Course at Development
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3 CC Organising painting competition Environment Local Area Various Various parts of Direct
RI%XUHDXRIHQHUJ\HI¿FLHQF\ districts the Country
(BEE) for promoting energy
Conservation.
CC Construction of Dharamshala Health Local Area New Delhi Delhi AIIMS, New
DW-DL3UDNDVK1DUD\DQ$SH[ Delhi
Trauma Centre, AIIMS under
CSR, Delhi
5 CC Contribution to the Swachh Swachhta Local Area Various Various parts of Govt. of India
Bharat Kosh districts the Country
6 CC 3URYLGLQJRI+LJKHQG$UWL¿FLDO Health Local Area Mumbai Maharashtra ALIMCO
Limbs to Persons with Disabilities
(PwDs) Mumbai
CC Financial Assistance for Education Local Area Various Assam and NFCH
education of 1150 students of districts Manipur
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8 CC Financial Assistance for Education Local Area Various Assam, Manipur NFCH
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of Assam, Manipur and
Chhattisgarh through NFCH
CC Observance of Swachhta Swachhta Local Area Various Various parts of 180.00 Direct
3DNKZDGDZHIst July, districts the Country
WRth-XO\DQG
associated works
10 CC National campaign on Swachhta Swachhta Local Area Various Various parts of 180.00 Direct
Hi Sewa from 15th September districts the Country
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associated works
155
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11 CC Providing LED street lights in Environment Local Area Gurgaon Haryana 2.52 2.05 2.05 Direct
Gurgaon, Haryana
12 CC 6XSSO\LQVWDOODWLRQ Environment Local Area Noorpur 8WWDU3UDGHVK 251.53 EESL
commissioning of LED based
Solar High Mast systems
13 CC Imparting Skill Development Skill Local Area Various Various parts of 653.00 16') 16'&
training to 5000 youths in 33 Development districts the Country
locations across India through
NSDC”
CC Plantation and Blood Donation Health Local Area Gurgaon Haryana 28.36 Direct
camp in various locations
15 CC +HDOWKFKHFNXSFDPSVDW Health Local Area Kannauj 8WWDU3UDGHVK 35.00 HLL Lifecare
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Skill Development Training Development districts the Country
programme for 560 nos. of
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youth in association with CIPET
CC Supporting Varanasi Nagar Swachhta Local Area Varanasi 8WWDU3UDGHVK 1,000.00 160.00 Varanasi Nagar
Nigam under Swachh Bharat Nigam
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Area.
18 CC Contribution to Sardar Vallabhai $UW &XOWXUH Local Area Gandhinagar Gujarat 1,250.00 1250.00 1,250.00 District
Patel Rashtriya Ekta Trust Administration
(SVPRET), Gandhinagar, Gujarat
CC ,QVWDOODWLRQRI:L)L+RWVSRWVDW internet Local Area Various Various parts of 3,053.00 6.60 6.60 Direct
Railway Stations connectivity districts the Country
20 CC Contribution to National sports Local Area Jaipur Rajasthan 200.00 200.00 200.00 Govt. Of India
sports Development Fund for
supporting infrastructure in
Jaipur
21 CC Part funding of Nuclear Medicine Health Local Area Mumbai Maharashtra 3,000.00 280.22 280.22 TATA Memorial
Theranostics facility at TATA Hospital,
Memorial Hospital, Mumbai Mumbai
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22 CC Maintenance of green belt in Swachhta Local Area Gurgaon Haryana Direct
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Gurgaon
23 CC Providing furniture items and Education Local Area Gurgaon Haryana 16.06 10.00 10.00 Direct
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boundary wall in Govt. High
School, Sukhrali, Gurgaon.
CC Providing Subroto Scholarship to Sports Local Area New Delhi Delhi 16.25 16.25 16.25 SMSES (Indian
WDOHQWHG\RXWKIRRWEDOOHUV Air Force)
25 CC Providing value education Education Local Area New Delhi Delhi 15.00 15.00 15.00 Direct
series "You can be Happy" set
to 10,000 students of Kendriya
Vidyalaya, Delhi Region
26 CC 3XUFKDVH 'LVWULEXWLRQRI Education Local Area Gurgaon Haryana Direct
school bags to students in
Gurgaon
CC 3XUFKDVH 'LVWULEXWLRQRI Health Local Area Gurgaon Haryana Direct
nos. blankets in Gurgaon
28 CC &652YHUKHDG$GPLQLVWUDWLYH Overheads Local Area Various Various parts of Direct
cost districts the Country
(5, Construction of 08 nos. Rural Local Area Dhanbad Jharkhand 56.00 Direct
Community Centre at village Development
Panchayats at Dhanbad Dist.
Jharkhand
30 (5, &RQVWUXFWLRQRI%D]DU6DPLWL Rural Local Area Samastipur Bihar District
Road at Mathurapur in Development Administration
Samastipur town in Bihar
31 (5, Construction of Community Rural Local Area Dhanbad Jharkhand 32.50 32.5 Direct
centre at MADA House, Development
Topchachi, Dhanbad District,
Jharkhand
32 (5, Construction of Namma Swachhta Local Area Sitamarhi, Bihar 16.08 Indian Railways
Toilets at Sitamathi, Jaynagar, Jaynagar,
Madhubani and Darbhanga Madhubani and
Railway Station in Bihar Darbhanga
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33 (5, Construction of 6.82 kms of Rural Local Area Kishanganj Bihar District
village road in Kishanganj Development Administration
District, Bihar
(5, Development of Playground Education Local Area +D]DULEDJK Jharkhand Direct
with all necessary facilities at
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36 (5, House keeping works at Swachhta Local Area Deogarh Jharkhand Direct
Baidyanath Dham, Deoghar,
Jharkhand
(5, Painting of Mithila Art in $UW &XOWXUH Local Area 'DUEKDQJD Bihar 5.10 5.00 5.00 Indian Railways
Darbhanga and Madhubani Madhubani
Railway Station, Bihar
38 (5, Supply of polythene sheets and 6RFLDO:HOIDUH Local Area Patna Bihar 155.22 155.22 155.22 Direct
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State of Bihar.
(5, Supply of additional Polythene Health Local Area Various Bihar Direct
6KHHWVWRÀRRGYLFWLPVLQWKH districts
State of Bihar
(5, Providing 20 nos. of Patient Health Local Area Various Jharkhand 3.66 Direct
transfer ambulances to Govt. districts
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centres at different locations in
Jharkhand State
(5, Providing 20 nos. of Patient Health Local Area Various Bihar Direct
transfer ambulances to Govt. districts
Hospitals in Bihar State
(5, Providing physiotherapy 6RFLDO:HOIDUH Local Area Patna Bihar 1.02 1.02 Direct
equipment and cloths to
Rehabilitation home of Patna,
Bihar
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(5, Providing school furnitue to Education Local Area Garwah Jharkhand 0.15 Direct
Govt. High School Danda Block
in Garwah District, Jharkhand
(5, 3URYLGLQJVFKRROIXUQLWXUHWR Education Local Area Samastipur Bihar Direct
nos. Govt. Schools in Samastipur,
Bihar
(5, Providing simulator and vehicle Skill Local Area Saran Bihar Direct
for LMV Driver Training school at Development
ITI Marhowrah, saran District,
Bihar
(5, Providing weighting machines Health Local Area Palamu Jharkhand 12.38 Direct
to 1250 Anganwadi Centres in
Palamu Dist. Jharkhand.
(5, renovation and strenghening Sports Local Area Supaul Bihar 50.00 District
of Play ground cum Stadium at Administration
Sapaul, Bihar
(5, Skill Development Training for $UW &XOWXUH Local Area Madhubani Bihar Indian Institute
:RPHQ$UWLVWVIRU,QFOXVLYH of Corporate
Growth of Madhubani Painting Affairs
in Bihar
(5, Construction of community Rural Local Area Various Bihar 35.00 35.00 Direct
FHQWUHDWSODFHV%LKDU Development districts
50 (5,, Construction of dining hall and Education Local Area South Sikkim Sikkim 15.00 Direct
kitchen for Mid day Meal at
Namphing Secondary school,
South Sikkim
51 (5,, &RQVWUXFWLRQ LPSURYHPHQWRI Rural Local Area Alipurduar :HVW%HQJDO 106.20 Direct
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Bitumenous road in Alipurduar,
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52 (5,, Construction of 2 nos. class Education Local Area Burdwan :HVW%HQJDO 23.80 13.86 23.01 Direct
rooms with furntiures, toilets
at Dhanguri Primary school, PO
Mijijam, Burdwan at Maithon,
53 (5,, Construction of girls toilet at Education Local Area South Sikkim Sikkim Direct
Government New Secondary
School, Namchi
Power Grid Corporation of India Limited - Annual Report 2017-18
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160
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(5,, Construction of patients ward, Health Local Area Jalpaiguri :HVW%HQJDO 25.80 0.15 25.80 Direct
Lab room Dressing Room, Nurse
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with toilets and supply of one
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55 (5,, Development of Nagharia Govt. Education Local Area Malda :HVW%HQJDO Direct
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56 (5,, Installation of packaged Drinking Swachhta Local Area Jalpaiguri :HVW%HQJDO Mal Municipality
water Treatment Plant at Mal in
Jalpaiguri District
(5,, Providing 100 sets of desk Education Local Area Alipurduar :HVW%HQJDO 2.15 2.15 2.15 Direct
benches to Govt. schools in
Alipurduar and nearby areas.
58 (5,, Providing one no. Ambulance Health Local Area 1RUWK :HVW%HQJDO 6.02 6.02 Direct
and OT equipments to Parganas
Rechquani Block Primary Health
Centre, Rajarhat Block, North
3DUJDQDV:HVW%HQJDO
(5,, Providing three nos. Badminton Sports Local Area East Sikkim Sikkim 6.85 District
FRXUWPDWVDW3DO]RUVWDGLXP Administration
Gangtok
60 (5,, Providing trans Esophangeal Health Local Area Kolkata :HVW%HQJDO Direct
Echocardiography (TEE)
instrument to Govt. Hospital
attached to NRS Medical college
hospital at Kolkata
61 (5,, 5HQRYDWLRQ 6WUHQJWKHQLQJ Rural Local Area Alipurduar :HVW%HQJDO District
RIDURXQGNPH[LVWLQJ Development Administration
PMGSY Kaccha Road at
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Bengal) includign provision of
Hume Pipe culverts and shoulder
protection work
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62 (5,, 5HQRYDWLRQ5HFRQVWUXFWLRQRI Rural Local Area Murshidabad :HVW%HQJDO 32.82 32.82 Direct
Road at Harirampur village under Development
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:HVW%HQJDO
63 (5,, 6WUHQJWKHQLQJRINP Rural Local Area Alipurduar :HVW%HQJDO District
road at Mathanbangs block , Development Administration
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(5,, Construction of Multipurpose Rural Local Area south Sikkim Sikkim Direct
Hall ar govt. Secondary school, Development
Kitam, south Sikkim
65 (5,, Supply and installation of solar Rural Local Area Malda :HVW%HQJDO 10.00 10.00 10.00 Direct
street light in Malda Development
66 15, Construction of toilets in three Swachhta Local Area Gurgaon Haryana IrconISL
Government schools and
Renovation of schools building in
Manesar, Haryana
15, Construction of two class rooms Education Local Area Rajsamand Rajasthan 12.13 12.13 Direct
in Govt. senior secondary school
at village Maha Satiyon ki Madri
Dist. Rajsamand (Rajasthan)
68 15, Construction of working women Rural Local Area 1XK0HZDW Haryana District
hostel at Nuh, Haryana Development Administration
15, Construction work of Panchayat Rural Local Area Gurgaon Haryana IrconISL
+DOOZLWKWRLOHWFRPSOH[ Development
boundary wall with entrance
gates (ii) solar street lights and
(iii) high mast light at village
NXNURODQHDU0DQHVDU6VWQ
Haryana.
15, Construction work of school Education Local Area Gurgaon Haryana 833URMHFWV
building by providing of 5 nos.
class rooms with varandah with
furniture at Govt.Sr.Sec.School,
Kadipur, Gurugram
15, Installing smart class system in Education Local Area Haridwar 8WWDUDNKDQG District
selected schools of Tehsil Laksar, Administration
Dist. Haridwar.
161
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162
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15, Providing 1 no. truck mounted Swachhta Local Area Faridabad Haryana Municipal
sweeping machine with vacuum Corporation of
cleaner to Municipal Corporation, Faridabad
Faridabad for cleaning of roads
15, Providing 15 nos. open gyms in Health Local Area Jaipur Rajasthan 110.20 Direct
different location of Jaipur Rural,
Rajasthan
15, 3URYLGLQJQRVRISURMHFWRUV Education Local Area Ajmer Rajasthan Ramakrishna
system to State Govt. schools of Mission
Ajmer, Rajasthan
15, Providing medical equipments Health Local Area Rajsamand Rajasthan 68.36 68.36 Direct
for setting up 10 bedded
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respiratory masks to RG Govt.
Hospital, Rajsamand, Rajasthan
15, Renovation of Bal Bhawan Education Local Area Faridabad Haryana District
building of District Council of Administration
&KLOG:HOIDUH'&&:LQ1,7
Faridabad, Haryana
15, 6XSSO\ ,QVWDOODWLRQRIQRV Environment Local Area -RGKSXU 3DOL Rajasthan REIL
LED solar photovoltaic Street
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District (Rajasthan)
15, 3URYLGLQJ OD\LQJELWXPHQURDG Rural Local Area Bhiwani Haryana 123.51 Direct
IURP%KLZDQL6VWQWRYLOODJH Development
Dhana Narsan
15, Augmentation of water Swachhta Local Area Bhiwani Haryana District
distribution system of village Administration
Dhana Narsan, adjoining Bhiwani
66+DU\DQD
80 15, construction of 0.636 Km CC Rural Local Area Saharanpur 8WWDU3UDGHVK 22.60 District
Road in the Village Naya Kunda Development Administration
0D]UD7HKVLO1DNXU6DKDUDQSXU
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81 15, Construction of CC paved road Rural Local Area Bhiwani Haryana District
for interlinking road in village Development Administration
Dhana Narsan
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82 15, Installation of 100 nos. hand Drinking Local Area Baghpat 8WWDU3UDGHVK 83-DO1LJDP
pumps in various villages of :DWHU
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83 15, ,QVWDOODWLRQRI2II*ULG6RODU Education Local Area Jind Haryana 33.50 District
3ODQW.:QRDQG2Q Administration
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Girls Senior Secondary School,
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Senior Secondary school in Jind,
Haryana
15, Supply of sewing machine at 6RFLDO:HOIDUH Local Area Koteshwar 8WWDUDNKDQG 6.55 5.11 5.11 Direct
Koteshwar
85 15, 3URFXUHPHQW VXSSO\RI Swachhta Local Area Jaipur Rajasthan 10.68 Direct
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Panchayat, Kotputli, Dist. Jaipur.
86 15,, Construction of 12 nos. toilets, Swachhta Local Area Moga Punjab 10.16 Direct
QRVXULQDOVDQGERUHZHOODW
Govt. High School,, Singhawala
Moga .
15,, Construction of community Rural Local Area Jammu -DPPX 25.18 Direct
centre at village Kharta (Jammu) Development Kashmir
88 15,, &RQVWUXFWLRQRIH[DPLQDWLRQKDOO Education Local Area Jammu -DPPX Direct
at Govt. High School, Jandrah Kashmir
(Jammu)
15,, &RQVWUXFWLRQRIWRLOHWFRPSOH[DW Swachhta Local Area Jammu -DPPX 2.50 2.50 Direct
Kishenpur Chowk, Kharta village Kashmir
(Jammu)
15,, &RQVWUXFWLRQRIQRV+RXVHV Health Local Area Yamuna Nagar Haryana 10.20 Direct
in Kusth Ashram, at Jagadhri
Yamuna Nagar, Haryana
15,, Development of Infrastructure, Education Local Area Satwari -DPPX 20.25 Direct
supply of furniture and winter Kashmir
DFFHVVRULHV*RYW*LUOV
+LJK
School, Raipur Satwari, Jammu,
- .
163
Power Grid Corporation of India Limited - Annual Report 2017-18
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15,, Providing 30 nos. of Solar Street Environment Local Area Jammu -DPPX Direct
Lights for Kuthar and Kanayala Kashmir
LQ'LVW-DPPX- .
15,, Providing 30 nos. sewing Rural Local Area Srinagar -DPPX 5.13 Direct
machines along with training to Development Kashmir
GRPHVWLFODGLHVJLUOVDWYLOODJH
3DKURR:DJRRUD- .
15,, Providing ambulances to govt. Health Local Area Various Haryana Direct
hospitals of 10 districts in State districts
RI- .3XQMDEDQG+LPDFKDO
and Haryana
15,, Providing various items to Health Local Area Moga Punjab Direct
civil Hospital Moga for use of
underpriviledged patients, Moga
Punjab
15,, Providing vehicle to DC, Leh for Skill Local Area Ladhak -DPPX Direct
use by Looms by Ladakh SHG Development Kashmir
IRUPHGE\WKH*RYWRI- .
15,, 5HSDLUDQGUHGHYHORSPHQWRI Rural Local Area Malerkotla Punjab 8.00 Direct
PDSSURDFKURDGFRQQHFWHG Development
WR0DOHUNRWOD/XGKLDQD6WDWH
Highway from village Dulma
15,, Setting of Industrial Training Skill Local Area Srinagar -DPPX 500.00 Direct
,QVWLWXWH,7,LQ- . Development Kashmir
15,, 8SJUDGLQJQRVRI$UP\ Education Local Area Srinagar -DPPX 85.31 Indian Army
*RRGZLOOVFKRROVLQ- . Kashmir
introduction of Digital Learning
Solution
100 15,, Procurement of medical Health Local Area Jammu -DPPX 100.20 Direct
equipment (Dental Chairs Kashmir
ZLWK;UD\IDFLOLW\DW*RYW
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6 Region &653URMHFWVRUDFWLYLW\ 6HFWRULQ /RFDO$UHD 'LVWULFW 6WDWH $PRXQW $PRXQW &XPPXODWLYH $PRXQW
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101 15,, Construction of link road from Rural Local Area Samba -DPPX 131.86 District
1+$WR9LOODJH-DWZDO/HQJWK Development Kashmir Administration
1.20 Km) and Const. of internal
road in Village Jatwal (Length
0DW6DPED- .
102 15,,, construction of 01 no. overhead Rural Local Area Kushinagar 8WWDU3UDGHVK 52.23 Direct
tank, alongwith deep tubewell, Development
pump and laying of distribution
pipeline in Govt. District hospital,
Kushinagar
103 15,,, Construction of 08 nos. of public Swachhta Local Area Basti 8WWDU3UDGHVK 51.68 835166
toilets in 8 locations in Basti
'LVWULFW8WWDU3UDGHVK
15,,, &RQVWUXFWLRQRI7RLOHWVDW Swachhta Local Area *KD]LSXU 8WWDU3UDGHVK IrconISL
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105 15,,, Construction of panchayat Ghar Rural Local Area Agra 8WWDU3UDGHVK 163.00 122.31 District
in 6 villages nearby Agra Development Administration
106 15,,, &RQVWUXFWLRQRI32:(5*5,' Health Local Area Lucknow 8WWDU3UDGHVK 355.10 .*08
9LVKUDP6DGDQLQ.LQJ*HRUJH
V
0HGLFDO8QLYHUVLW\.*08
(Trauma Centre), Lucknow
campus.
15,,, Construction of RCC drainage Rural Local Area Pratapgarh 8WWDU3UDGHVK 56.66 22.66 22.66 District
V\VWHPLQ8UDL\DGHHK0DUNHWRI Development Administration
Baba Belkharmath Dham block
LQ3UDWDSJDUKGLVWULFW8WWDU
Pradesh
108 15,,, construction of toilets block in Swachhta Local Area Allahabad 8WWDU3UDGHVK 6.00 836576
&LYLO/LQHV%XVVWDQGDQG=HUR
Road Bus stand in Allahabad
15,,, Implementation of water supply Swachhta Local Area Jalaun 8WWDU3UDGHVK 55.26 55.26 District
system in four villages of Orai Administration
0DGKRJDWK7HKVLORI-DODXQ
GLVWULFW8WWDU3UDGHVK
165
Power Grid Corporation of India Limited - Annual Report 2017-18
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166
No. LGHQWL¿HG ZKLFKWKH RURWKHU 2XWOD\ spent H[SHQGLWXUH VSHQW'LUHFW
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110 15,,, Installation of 10 nos. Solar High Environment Local Area Allahabad 8WWDU3UDGHVK 831('$
0DVW/LJKWLQJQRV6RODU
Street Lights and 02 nos. Solar
submersible pump at various
places in Allahabad.
111 15,,, Installation of 500 nos. Solar Environment Local Area Lucknow 8WWDU3UDGHVK 112.20 831('$
OLJKWVLQ/XFNQRZ8WWDU3UDGHVK
112 15,,, ,QVWDOODWLRQRIZDWHU¿OWHU Rural Local Area Lucknow 8WWDU3UDGHVK 1.03 1.03 Direct
water cooler in, Bakshi Ka Talab, Development
/XFNQRZ8WWDU3UDGHVK
113 15,,, Construction of Panchayat Ghars Rural Local Area Agra 8WWDU3UDGHVK 16.31 District
QHDU$JUD6VWQ Development Administration
15,,, Part funding of construction Swachhta Local Area Varanasi 8WWDU3UDGHVK Varanasi Nagar
of household toilets and Nigam
construction of Namma public
Toilets for Open Defecation Free
(ODF) Varanasi through Varanasi
Nagar Nigam
115 15,,, Funding of administrative cost Rural Local Area Varanasi 8WWDU3UDGHVK 1,600.00 688.03 Direct
towards implementation of Development
IPDS work in old Kashi Area of
Varanasi.
116 15,,, Procurement of furniture Education Local Area 8GKDP6LQJK 8WWDU3UDGHVK 1.83 Direct
(Desk and benche set) for Nagar
primary school at Nirmal Nagar,
6LWDUJDQM83
15,,, 3URPRWLRQRIWUDGLWLRQDO$UW $UW &XOWXUH Local Area Agra 8WWDU3UDGHVK District
Culture, Handicraft during Taj Administration
Mahotsav organised by Govt. of
8WWDU3UDGHVKDW$JUD
118 15,,, 3URYLGLQJÀRRGUHOLHIPDWHULDOLQ Health Local Area Siddharthnagar 8WWDU3UDGHVK Direct
ÀRRGDIIHFWHGDUHDVRIGLVWULFW
6LGGKDUWKQDJDURI8WWDU3UDGHVK
6 Region &653URMHFWVRUDFWLYLW\ 6HFWRULQ /RFDO$UHD 'LVWULFW 6WDWH $PRXQW $PRXQW &XPPXODWLYH $PRXQW
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15,,, Providing medical equipments, Health Local Area Allahabad 8WWDU3UDGHVK 30.26 30.26 Direct
high mast light, water cooler,
52ZDWHUSXUL¿HUHWFIRU7%
Sapru Hospital, Allajhabad and
Swarooprani Nehru Hospital,
$OODKDEDG8WWDU3UDGHVK
120 15,,, Renovation of Kanya Purva Education Local Area Barabanki 8WWDU3UDGHVK Direct
Madhyamik Vidyalaya in village
%DQXJD'LVW%DUDEDQNL83
121 15,,, Renovation of waiting room Swachhta Local Area Agra 8WWDU3UDGHVK District
LQFOXGLQJIXUQLWXUH )L[WXUH Administration
and toilet, construction of one
toilet block in Sadar Tehsil,
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122 15,,, 6XSSO\ LQVWDOODWLRQRIQRV Rural Local Area Kannauj 8WWDU3UDGHVK 2.31 2.13 2.13 Direct
ZDWHU¿OWHU FRROHULQ.DQSXU Development
7HKVLO8WWDU3UDGHVK
123 15,,, 6XSSO\ LQVWDOODWLRQRIQRV Drinking Local Area Pratapgarh 8WWDU3UDGHVK 28.66 28.66 83-DO1LJDP
hand pumps in various locations :DWHU
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15,,, 6XSSO\ LQVWDOODWLRQRIQRV Drinking Local Area *KD]LSXU 8WWDU3UDGHVK 8.28 83$JUR
hand pumps in various villages :DWHU
RI0DQLKDULEORFNRI*KD]LSXU
Parliamentary constituency
125 15,,, 6XSSO\ ,QVWDOODWLRQRI Swachhta Local Area Pratapgarh 8WWDU3UDGHVK 83$JUR
nos. of hand pumps to facilitate
water supply to 115 villages
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8WWDU3UDGHVK
126 15,,, 6XSSO\ LQVWDOODWLRQRIQRV Drinking Local Area Deoria 8WWDU3UDGHVK 28.62 83-DO1LJDP
hand pumps in villages Deoria :DWHU
15,,, 6XSSO\ ,QVWDOODWLRQRIQRV Swachhta Local Area Allahabad 8WWDU3UDGHVK 83-DO1LJDP
hand pumps in various villages
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128 15,,, 6XSSO\ LQVWDOODWLRQRIQRV Environment Local Area Pilibhit 8WWDU3UDGHVK 835166
solar street lights at various
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168
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15,,, 6XSSO\ LQVWDOODWLRQRI Drinking Local Area Kushinagar 8WWDU3UDGHVK 22.36 83-DO1LJDP
nos. hand pumps invillage of :DWHU
Kushinagar
130 15,,, 6XSSO\ LQVWDOODWLRQRIQRV Rural Local Area Chandauli 8WWDU3UDGHVK 36.08 83-DO1LJDP
hand pumps various villages of Development
Chandauli and Varanasi districts
131 15,,, 6XSSO\ LQVWDOODWLRQRIVRODU Environment Local Area Shravasti 8WWDU3UDGHVK 101.50 EESL
street lights at various location
LQ6KUDYDVWLGLVWULFW83
132 15,,, Supply and installation of 200 Drinking Local Area Allahabad 8WWDU3UDGHVK 82.60 0.60 82.60 83-DO1LJDP
nos. hand pumps in villages :DWHU
of Phoolpur parliamentary
constituency, Allahabad
133 CC ,QFLGHQWDOH[SHQGLWXUHRQ+HDOWK health Local Area Various Various parts of 3.56 3.56 3.56 Direct
Checkup camp districts the Country
15,,, Additional work towards Swachhta Local Area Ballia 8WWDU3UDGHVK 0.61 0.61 0.61 Direct
construction of toilets in Ballia
under Swachh Vidyalaya
Abhiyaan
135 Odisha &RQVWUXFWLRQRI¿YHQR Rural Local Area Angul Odisha 1.31 District
community hall (2) Renovation Development Administration
of 3 nos. of community centre
(3) construction of two nos.
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DORQJZLWKFXOYHUWZLGHQLQJ
drains (5) supply of furnitures
for phulpada Panchayat high
school at villages in Banarpala
bolck and angul bolck of Angul
district.
136 Odisha "Rural Development" works in Rural Local Area Angul Odisha 152.20 District
the villages in Banharpal Bolck, Development Administration
Angul Block, Chhendipada Block
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Odisha (1) Construction of 2 Rural Local Area Angul Odisha District
nos. community centre Development Administration
(2) Construction of 01 no
Rahasbadi (open shed) (3)
'LJJLQJ5HQRYDWLRQRISRQGV
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system (5) Construction of 01
no. drain (6) Construction of
school class room in village in
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138 Odisha &RQVWUXFWLRQRIWRLOHWVLQ Rural Local Area Keonjhar Odisha 5.81 District
160 schools. Deposit of amount Development Administration
to OPEPA
Odisha Construction of Community Protection Local Area Jajpur Odisha 185.00 235.00 District
Heritage Centre at Jajpur of national Administration
KHULWDJHDUW
culture
Odisha Construction of one no of Rural Local Area Angul Odisha 6.00 District
community hall , digging and Development Administration
renovation of 01 no.pond ,
Kishor Nagar Block,at Angul
Odisha Providing water supply system at Rural Local Area Angul Odisha District
Tolokbeda Vilalge, Kaniha. Development Administration
Odisha 13 No. Rural Development Rural Local Area Angul Odisha District
project in Banarpala, Phulpada, Development Administration
Athamalik, Paikasahi Block of (GXFDWLRQ
Angul District
Odisha Construction of Community Rural Local Area Angul Odisha District
centre at Dhokuta and Sanhula development Administration
YLOODJHDWDQJXO $WKDPDOOLN
Block of Angul district.
Odisha Providing 01 No. CNC lathe Education Local Area Talcher Odisha 21.51 0.11 20.51 Direct
machine to ITI Talcher
Power Grid Corporation of India Limited - Annual Report 2017-18
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Odisha Supply of 01 No ambulance Health Local Area Angul Odisha 6.36 6.36 Direct
to Angul district headquarter
hospital
Odisha Supply of MINDRAY Diagnostic Heath Local Area Jeypore Odisha District
8OWUDVRXQGV\VWHP-H\SRUH Administration
Odisha Supply of musical drum set at Education Local Area Sundergarh Odisha 0.08 0.08 0.08 Direct
Sevashram School Kenapali,
Sundargarh
Odisha 6XSSO\ LQVWDOODWLRQRI'LJLWDO Heath Local Area Kalahandi Odisha District
;5D\0DFKLQHIRU&RPPXQLW\ Administration
Health Centre Jaipatna Indravati,
Odisha
Odisha Supply of Mortuary Van for Heath Local Area Jeypore Odisha 10.35 10.35 10.35 Direct
District Headquarter Hospital,
Bhawanipatna, Odisha
150 Odisha Supply of water cooler with Heath Local Area Sundergarh Odisha Direct
SXUL¿HUDWVHYDVKUDPVFKRRO
kenapali, Sundargarh
151 Odisha Supply of Aquaguard at Indravati Heath Local Area Kalahandi Odisha 0.28 0.28 0.28 Direct
Hospital
152 Odisha Supply of Patient Bed and Heath Local Area Rengali Odisha 6.62 6.62 6.62 District
Associated Acceories at Rengali Administration
Hospital
153 Odisha Proposal for repairing of Rural Local Area Sundergarh Odisha 30.80 District
damaged road from Bandhapali Development Administration
high school to Kenapali village
including repairing of damaged
bridge situated in that road.
Odisha 6XSSO\RI3DWLHQW:DLWLQJ&KDLUV health Local Area Angul Odisha Direct
for Rengali Hospital
155 Odisha Construction of RCC Culvert Rural Local Area Angul Odisha Direct
RYHUH[LVWLQJGUDLQZLGHQLQJ Development
RIH[LVWLQJ.DQLKDDSSURDFK
5RDG &RQVWUXFWLRQRI'UDLQIRU
haktidwar to Tolokbeda road to
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Kaniha
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No. LGHQWL¿HG ZKLFKWKH RURWKHU 2XWOD\ spent H[SHQGLWXUH VSHQW'LUHFW
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156 Odisha Pmnt for repair of Toilets at Swachhta Local Area Sundergarh Odisha 0.50 0.50 0.50 Direct
.DOREDKDO836FKRRO
Odisha 5LGHRQ6ZHHSHU0DFKLQHDW Swachhta Local Area Jeypore Odisha Direct
Jeypore
158 Odisha 'LVWULEXWLRQRIQRVRI Swachhta Local Area Keonjhar Odisha 3.61 3.61 3.61 Direct
Litre dustbin in govt schools of
keonjhar district
Odisha 5HSDLULQJRIWRLOHWVRI Swachhta Local Area Sundergarh Odisha Direct
different schools under
swachchhata mission of
32:(5*5,'6XQGDUJDUK6V
160 Odisha Construction of toilet at Jharbeni Swachhta Local Area Sundergarh Odisha 1.86 1.86 1.86 Direct
Primary School
161 Odisha Paintings of 03 Nos Schools Swachhta Local Area Koraput Odisha 0.62 0.62 0.62 Direct
162 Odisha Painting of 03 Nos. schools Swachhta Local Area Kalahandi Odisha Direct
163 Odisha Supply of Hospital Furniture and Heath Local Area Angul Odisha Direct
Equipment in Kaniha
Odisha Supply of AC,Air Cooler and Rural Local Area Angul Odisha 1.11 1.11 1.11 Direct
:DWHU&RROHUDW.DQLKD Development
165 Odisha 6XSSO\ ,QVWDOODWLRQRI$LU Rural Local Area Angul Odisha Direct
conditioning system for Kaniha Development
CHC Hospital
166 Odisha 03 Nos. Aquaguard Storage Swachhta Local Area Baripada Odisha Direct
&RROHU&XP3XUL¿HU0RGHODW
Baripada
Odisha &RQVWUXFWLRQRI:%0DSSURDFK Ecology Local Area Sundergarh Odisha 1.02 1.02 1.02 Direct
Road and surface drain at
Sundargarh
168 65, Integrated Village Development Rural Local Area Kurnool Andhra Pradesh ICRISAT,
near Kurnool by ICRISAT Development Hyderabad
65, Establishment of 2 nos. synthetic sports Local Area Vishakapatnam Andhra Pradesh 30.00 25.16 25.16 District
VXUIDFHWHQQLVFRXUWVDW9L]]\ Administration
VSRUWVFRPSOH[9L]LDDQDJDUDP
(AP)
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65, Construction of compound Education Local Area Vemagiri Andhra Pradesh 11.66 11.65 11.66 District
wall for Govt. Schools at Administration
Ramesampeta and at Kottamuru
Village, Vemagiri, Andhra
Pradesh.
65, Construction of toilets and Education Local Area East Godavari Andhra Pradesh 12.66 12.66 District
painting school buildings for Administration
Govt. Schools at Kottamuru
Village, Vemagiri, Andhra
Pradesh.
65, Supply of Solar Street Light in Rural Local Area Surampalem Andhra Pradesh District
Surampalem. A.P. Development Administration
65, Construction of boundary wall Education Local Area Ananthapur Andhra Pradesh Direct
and cement concrete wall at
=3+LJK6FKRRO13.XQWD
Ananthapur dist, A.P.
65, 3URYLGLQJRI'ULQNLQJ:DWHU Swachhta Local Area Vishakapatnam Andhra Pradesh 8.50 District
facility to Paudivani Palem Administration
village, Kallepalli gramm
Panchayat, Kota Mandal,
9L]LDQDJDUDP'LVW$3
65, Construction of community Rural Local Area Vishakapatnam Andhra Pradesh 36.55 36.53 36.53 District
hall at Karuvada Village Development Administration
Panchayat, K Katapadu Mandal,
Visakhapatnam Dist, Andhra
Pradesh
65, 3URYLGLQJQRVVHDWHU Education Local Area Various Andhra Pradesh 152.00 36.50 116.22 "Govt. ITI,
GXDOGHVNEHQFKHVWR*RYW districts 9L]DJ
schools in 11 mandals of
Vishakhapatnam dist. A.P.
65, 3URYLGLQJRI'ULQNLQJ:DWHU Swachhta Local Area Guntur Andhra Pradesh 20.00 15.86 20.00 District
facility to Pasarlapadu, Renta Administration
Chinthala Mandal, Guntur Dist.
A.P.
65, Impact Assessment of ICRISAT Rural Local Area Kurnool Andhra Pradesh ASCI
Project Development
65, Medical camps by Indian Red Health Local Area Various Andhra Pradesh 115.12 Indian Red
&URVV6RFLHW\ORFDWLRQV districts 7HOHQJDQD Cross Society
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180 65, Supply and Installation of LED Environment Local Area 9L]LDQDJDUDP Andhra Pradesh 125.00 125.00 125.00 EESL
6WUHHW/LJKWVDW9L]LDQDJDUDP
181 65, RO plant pothuluru village Swachhta Local Area Kakinada Andhra Pradesh 2.80 2.80 2.80 District
Administration
182 65, "Rural development works Rural Local Area Guntur Andhra Pradesh District
Guntur: Development Administration
1.Laying of 21 Nos of CC Roads
'UDLQV
2.Laying of 11 Nos of CC Roads
'UDLQV
&RPPXQLW\KDOOV1RV
in villanges of Sattenapalli
Constituency
523ODQWV12VLQ9LOODJHV
of Satteenapalli Constituency"
183 65, Construction of : (i) 01 New Swachhta Local Area Ananthapur Andhra Pradesh District
%RUHZHOOLL7RLOHWEORFNV Administration
LLL8ULQDOEORFNZLWK
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school, Gooty
65, Providing portable water of 20 Swachhta Local Area Kadapa Andhra Pradesh 50.00 District
liters in a can for `2.00 each Administration
household (by installing 1000
/3+FDSDFLW\528QLWVLQ
Rural areas under “NTR Sujala
Pathakam”
185 65,, Construction of Community Hall Rural Local Area Salem Tamil Nadu 30.00 30.00 District
at Salem Development Administration
186 65,, Construction of community hall Rural Local Area Bangalore Karnataka 25.00 District
at Yelahanka Development Administration
65,, Integrated Village Development Rural Local Area Vijayapura Karnataka 600.35 ICRISAT,
near Kudgi, by ICRISAT Development Hyderabad
188 65,, Impact Assessment of Integrated Rural Local Area Vijayapura Karnataka 1.16 1.16 Administrative
Village Development near Kudgi, Development Staff College
by ICRISAT of Ind
Power Grid Corporation of India Limited - Annual Report 2017-18
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65,, Construction of Community Hall Community Local Area Madikeri Karnataka 50.00 25.00 District
at Madikeri Devpt. Administration
65,, 'ULQNLQJ:DWHU6\VWHP 'ULS Rural Local Area Ramanagar Karnataka 5.61 5.61 5.61 District
Irrigation Development Administration
65,, Supply of Medical Equipments Health Local Area Ariyalur Tamil Nadu 15.33 Direct
DQG&RQVWUXFWLRQRI/DERXU
3DWLHQW$WWHQGHU:DLWLQJ+DOO
and Outdoor Patient (OP)
:DLWLQJ6KHG,&8%('V%HGV
Bed Sheets, Pillow with covers
at Govt. District Headquarters
Hospital, Ariyalur
65,, 6XSSO\RI1RV$PEXODQFHVWR Health Local Area Various Karnataka, Direct
Govt. Hospitals., PHCs districts Puducherry,
Tamil Nadu
65,, Providing Benches and Desks to Education Local Area Hosur Tamil Nadu Direct
schools
65,, Skill Development By Govt. Skill Local Area Various Karnataka, (i)BSNL
Institute Development districts Puducherry, Chennai, (ii)
Tamil Nadu APEX, Hitech,
Bangalore,
LLLN9.
VRI
0DGXUDL790
Karur
65,, Construction of class rooms at Education Local Area Tumkur Karnataka 121.03 12.10 12.10 District
Higher Primary school, Oorukere Administration
in Tumkur Rural
65,, Construction of class rooms Education Local Area Tumkur Karnataka 121.03 12.10 12.10 District
at Higher Primary school, Administration
Seethakallu in Tumkur Rural
:5, Construction of a Boys Hostel for Education Local Area Raipur Chhattisgarh 8.28 Direct
3W5DYLVKDQNDU6KXNOD8QLYHUVLW\
Raipur, Chattisgarh
:5, Construction of Bore well Swachhta Local Area Raigarh Chhattisgarh 6.33 6.33 6.33 Direct
with water tank at village
near Tamnar Pooling Station,
Chattisgarh
6 Region &653URMHFWVRUDFWLYLW\ 6HFWRULQ /RFDO$UHD 'LVWULFW 6WDWH $PRXQW $PRXQW &XPPXODWLYH $PRXQW
No. LGHQWL¿HG ZKLFKWKH RURWKHU 2XWOD\ spent H[SHQGLWXUH VSHQW'LUHFW
SURMHFWLV (` RQWKH XSWRWKH RUWKURXJK
FRYHUHG ODNKV SURMHFWRU reporting LPSOHPHQWLQJ
programme period $JHQF\
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:5, construction of building for Education Local Area Rajnandgaon Chhattisgarh 350.00 251.20 District
school cum hostel building for Administration
physically challenged children, at
Rajnandgaon, Chattisgarh
200 :5, Construction of classrooms Education Local Area Pune Maharashtra 122.21 Direct
DW=LOD3DULVKDG6FKRROVDW
6KLNUDSXU .R\DO9LOODJHV
Shikrapur , Pune.
201 :5, Construction of Hostel for Education Local Area Nagpur Maharashtra 28.80 28.80 District
Integral Development of Children Administration
RIXQGHUSULYLOHGJHG SRRU
farmers at Panchgaon, Nagpur
202 :5, Construction of open hall for Education Local Area Chandrapur Maharashtra 1.02 1.02 Direct
PLGGD\PHDODQGVWUHQJWKHQLQJ
of stage and paver blocks in
front of stage including painting
DW=36FKRRO*KRGSHWK
Bhadrawati
203 :5, Construction of road berms, Rural Local Area :DUGKD Maharashtra Direct
laying of hume pipe at State Development
Highway connecting point, RR
Masonry for strenghening of
area near culverts along the RCC
URDGDW3DGHJDRQ:DUGKD
:5, Construction of stage, including Education Local Area Chandrapur Maharashtra Direct
GLVPDQWOLQJRIH[LVWLQJVWDJH
and toilets for boys and girls at
=36FKRR*DYUDOD%KDGUDZDWL
205 :5, Deployment of 10 nos. JCBs Conservation Local Area Thane Maharashtra 11.56 Direct
3URFODLQ0DFKLQH QRV of Natural
Dumpers for a period of 10 days Resources
at Thane District under Jalyukta
Shivar.
206 :5, Supply and installation of 02 Rural Local Area Mumbai Maharashtra 250.00 Indian Railways
QRVHVFDODWRUVDW6DQWD&UX] Development
Railway Station, Mumbai,
Maharashtra
Power Grid Corporation of India Limited - Annual Report 2017-18
6 Region &653URMHFWVRUDFWLYLW\ 6HFWRULQ /RFDO$UHD 'LVWULFW 6WDWH $PRXQW $PRXQW &XPPXODWLYH $PRXQW
No. LGHQWL¿HG ZKLFKWKH RURWKHU 2XWOD\ spent H[SHQGLWXUH VSHQW'LUHFW
SURMHFWLV (` RQWKH XSWRWKH RUWKURXJK
FRYHUHG ODNKV SURMHFWRU reporting LPSOHPHQWLQJ
programme period $JHQF\
GXULQJ
:5, House keeping works in the Swachhta Local Area Kolhapur Maharashtra Direct
sorroundings of Shivajipeth for
two years duration at Kolhapur,
Maharashtra
208 :5, House Keeping works in Swachhta Local Area Kolhapur Maharashtra 1.12 Direct
VRUURXQGLQJVRI0DKDOD[PL
Mandir for three months
duration at Kolhapur.
:5, 1DOODKGHHSHQLQJ ZLGHQLQJ Environment Local Area Pune Maharashtra Direct
work at Kairewadi village,
Shirur Taluka, Dist. Pune under
Jalyukta Shivar Abhiyan and
construction of class room at
Ganegaon village, Dist. Pune
210 :5, 1DOODKGHHSHQLQJ ZLGHQLQJ Environment Local Area Pune Maharashtra District
work at Varude village, Shirur Administration
Taluka, Pune District under
Jalyukta Shivar Abhiyan
211 :5, 3URYLGLQJDQG¿[LQJRIQRV Environment Local Area Kurushetra Haryana Direct
solar semi high mast lamps in
7DJD&KRUEKDWWLIRU&KDPSD
Pooling Station
212 :5, 6XSSO\RI:DWHU&RQGLWLRQLQJ Swachhta Local Area :DUGKD Maharashtra Direct
8QLWFRQVLVWLQJRI$Q\WLPHZDWHU
PDFKLQH523ODQW :DWHU
cooler with storage tank in
YDULRXVORFDWLRQVQHDU:DUGKD
substation.
213 1(5 Capacity Building programme on Skill Local Area Nagaon, Assam, Manipur Direct
(5,, Transmission Line Tower Erection Development Kokrajhar, :HVW%HQJDO
6WULQLQJLQFHQWUHVLQ1(5 Jorhat, Cachar
(5$VVDP0DQLSXUDQG:%
NER construction of “Centre for Health Local Area Kamrup Assam Dr. B.Borooah
Capacity Development in Cancer Institute
Oncology” at Dr. B.Borooah
Cancer Institute, Guwahati
6 Region &653URMHFWVRUDFWLYLW\ 6HFWRULQ /RFDO$UHD 'LVWULFW 6WDWH $PRXQW $PRXQW &XPPXODWLYH $PRXQW
No. LGHQWL¿HG ZKLFKWKH RURWKHU 2XWOD\ spent H[SHQGLWXUH VSHQW'LUHFW
SURMHFWLV (` RQWKH XSWRWKH RUWKURXJK
FRYHUHG ODNKV SURMHFWRU reporting LPSOHPHQWLQJ
programme period $JHQF\
GXULQJ
215 NER Construction of 02 nos. of Health Local Area Sonitpur Assam Direct
Paying Cabins at Civil Hospital,
Biswanath Chariali
216 NER Construction of Boulder Pitching Rural Local Area Chirang Assam District
3DYLQJZRUNVRQWKHIRXUEDQNV Development Administration
RIWKHSRQGLQ0LODQ8G\DQ3DUN
Kajalgaon town, chirang dist,
Assam
NER Construction of community Rural Local Area $L]ZDO 0L]RUDP Direct
hall at Sakawrtuichhun village, Development
$L]ZDO0L]RUDP
218 NER Construction of Hume Rural Local Area Kamrup Assam 5.50 Direct
Pipe Culvert at Milanpur, Development
Dalangmalang, Borigaon G.P.,
Kamrup District, Assam
NER Construction of open stage Rural Local Area Sonitpur Assam 2.05 Direct
DW.RNDNXOL0LVVLRQJYLOODJH Development
Khanamukh, Assam
220 NER Construction of waiting shed Rural Local Area Sonitpur Assam 2.00 2.00 Direct
cum store for graveyard at Development
Bishwanath Chariali
221 NER Developmental works in Education Local Area Kokrajhar Assam Direct
Murabari lower Primary School
in Murabari village, Salakati,
BodolandTerritorial Autonomous
District (BTAD), Assam
222 NER Installation of solar street lights Environment Local Area $L]ZDO 0L]RUDP 2.06 2.00 2.00 District
LQ6DZOHQJYLOODJH$L]ZDO'LVW Administration
0L]RUDP
223 NER Organising Free Coaching Skill Local Area Kamrup Assam District
program for 500 meritorious Development Administration
students for preparation
of Assam Public Service
Commission Combined
&RPSHWWLYH([DPLQDWLRQ
NER Providing 01 no. Ambulance to Health Local Area Kolasib 0L]RUDP Direct
Health Department Kolasib Dist.
0L]RUDP
Power Grid Corporation of India Limited - Annual Report 2017-18
6 Region &653URMHFWVRUDFWLYLW\ 6HFWRULQ /RFDO$UHD 'LVWULFW 6WDWH $PRXQW $PRXQW &XPPXODWLYH $PRXQW
No. LGHQWL¿HG ZKLFKWKH RURWKHU 2XWOD\ spent H[SHQGLWXUH VSHQW'LUHFW
SURMHFWLV (` RQWKH XSWRWKH RUWKURXJK
FRYHUHG ODNKV SURMHFWRU reporting LPSOHPHQWLQJ
programme period $JHQF\
GXULQJ
225 NER Providing Medical Equipment for Health Local Area 7H]X Arunachal 11.80 District
General Hospital, Lohit District, Pradesh Administration
7H]X$UXQDFKDO3UDGHVK
226 NER Providing Medicine for Medical Health Local Area Lohit Arunachal 1.13 1.13 1.13 District
camp to be set up at Parsuram Pradesh Administration
.XQG0HOD:DNUR/RKLW
district, Arunachal Pradesh
NER Providing one Emergency Disaster Local Area $L]ZDO 0L]RUDP 20.10 20.05 20.05 Direct
Response Vehicle (ERV) to Management
$L]DZO'LVDVWHU0DQJHPHQW
Authority
228 NER Construction of Skill Skill Local Area Kamrup Assam Assam Engg.
Development Centre building Development Institute
at Assam Engineering Institute,
Guwahati
NER Skill Development Training Skill Local Area Kamrup Assam District
programs at Sualkuchi Institute Development Administration
of Fashion Technology (SIFT),
Kamrup Dist, Assam.
230 :5,, Installation of water supply Rural Local Area Palghar Maharashtra 21.30 66.30 District
scheme with solar powered Development Administration
water pumping system and
constrction of associated water
distribution system for village
Beriste, Taluka Mokhada, Dist.
Palghar, Maharashtra
231 :5,, Providing 100 nos. sewing Skill Local Area Palghar Maharashtra 35.00 Direct
PDFKLQHVWR7ULEDO:RPHQLQ Development
Mokhada and Jawahar Taluka,
District Palghar, Maharashtra
232 :5,, Providing Advance Life Support Health Local Area Palghar Maharashtra 25.00 13.58 25.00 Direct
(ALS) ambulance at Jawahar
Mokhad Taluka Govt. Hospital at
Jawahar, Dist. Palghar,
6 Region &653URMHFWVRUDFWLYLW\ 6HFWRULQ /RFDO$UHD 'LVWULFW 6WDWH $PRXQW $PRXQW &XPPXODWLYH $PRXQW
No. LGHQWL¿HG ZKLFKWKH RURWKHU 2XWOD\ spent H[SHQGLWXUH VSHQW'LUHFW
SURMHFWLV (` RQWKH XSWRWKH RUWKURXJK
FRYHUHG ODNKV SURMHFWRU reporting LPSOHPHQWLQJ
programme period $JHQF\
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233 :5,, Providing one school bus to Preventive Local Area Nashik Maharashtra 28.05 28.05 Direct
*RYW3ULPDU\ VHFRQGDU\ +HDOWK
school and one ambulance Education
to village panchyat of village
Avankhed, Tehsil Dindori, Dist.
Nashik, Maharashtra
:5,, :DWHUFRQVHUYDWLRQE\GHVLOWLQJ Rural Local Area Nashik Maharashtra 25.32 25.32 Direct
of 06 ponds at dhindhori taluka Development
of Nashik District of Maharashtra
235 :5,, Construction of community Rural Local Area Palsana Gujarat 31.82 Direct
centre, Boundary wall and open Development
play ground for underprivileged
residents of Gram Panchayat
Dastan, Tehsil Palsana, Dist.
surat, Gujarat
236 :5,, Construction of RCC drain, Rural Local Area Satna Madhya Pradesh District
PCC Road and installation of Development Administration
hand pumps at village Karsara
6HPDUL\DLQ6DWQD0DGK\D
Pradesh
:5,, Construction of sub health Health Local Area Satna Madhya Pradesh 22.38 District
centre at village Kelhora in Administration
Panchayat Majhgavan, Dist.
Satna, Madhya Pradesh
238 :5,, Development of Green Space Sports Local Area Bhopal Madhya Pradesh 21.02 IIFT
and Play Ground for promotion
of sports at Indian Institute
of Forest Mangement (IIFT),
Bhopal.
:5,, Development of Mahatma Swachhta Local Area Vadodara Gujarat 22.50 Direct
*DQGKL8GK\DDQ3XEOLFSDUN
and supply of 3 nos. garbage
FROOHFWLRQYDQVLQ:DJKRGLD
village, Vadodara. Gujarat
:5,, Providing 330 nos. of Desk Education Local Area Khandwa Madhya Pradesh Cental Jail,
%HQFKHVQRVRI*RYW Khandwa
schools at villages at Khandwa
Power Grid Corporation of India Limited - Annual Report 2017-18
6 Region &653URMHFWVRUDFWLYLW\ 6HFWRULQ /RFDO$UHD 'LVWULFW 6WDWH $PRXQW $PRXQW &XPPXODWLYH $PRXQW
180
No. LGHQWL¿HG ZKLFKWKH RURWKHU 2XWOD\ spent H[SHQGLWXUH VSHQW'LUHFW
SURMHFWLV (` RQWKH XSWRWKH RUWKURXJK
FRYHUHG ODNKV SURMHFWRU reporting LPSOHPHQWLQJ
programme period $JHQF\
GXULQJ
:5,, Providing 2 nos. ALS ambulance Health Local Area Sidhi Madhya Pradesh Direct
and 2 nos. Mortuary vans for
Community Health Centres at
Sihavai and Rampur Naikin
District, Sidhi
:5,, Providing mattresses, bed sheets Education Local Area Damoh Madhya Pradesh Direct
with pillow cover, Blankets,
pillow and mosquito net for
adivasi Govt. Girls Hostels of
Damoh, Madhya Pradesh
:5,, Providing medical equipments, Health Local Area Satna Madhya Pradesh Direct
machine, furniture etc. for
Sardar Yallaba Bhai Patel District
Hospital, Satna, Madhya Pradesh
:5,, Providing Sanitary Napkin Health Local Area Satna Madhya Pradesh Direct
Vending machine in different
*RYW6FKRROVFROOHJHV*LUOV
+RVWHO&RPPXQLW\+HDOWK
Centre in Dist. Satna, Madhya
Pradesh
:5,, Provision of water supply Swachhta Local Area Betul Madhya Pradesh Direct
arrangemen at Community
Health centre at Sehra, Block
Betul, Madhya Pradesh
:5,, Renovation work in District Health Local Area Sagar Madhya Pradesh 30.25 Direct
Hospital, Dist. Sagar, Madhya
Pradesh
:5,, Skill Development Program for Skill Local Area Various Madhya Pradesh Indo German
150 no. of under privileged Development districts Tool Room
youth primarily from land oustee
villages, Madhya Pradesh
:5,, Skill Development Programme to Skill Local Area Various Madhya Pradesh 13.11 138.11 Indo German
125 no. of youths primarily from Development districts Tool Room
land oustee villagers of Gujarat
and Madhya Pradesh
:5,, Various community development Education Local Area Banaskhanta Gujarat 55.88 55.88 District
activities in Banaskantha in Administration
Patan District of Gujarat
6 Region &653URMHFWVRUDFWLYLW\ 6HFWRULQ /RFDO$UHD 'LVWULFW 6WDWH $PRXQW $PRXQW &XPPXODWLYH $PRXQW
No. LGHQWL¿HG ZKLFKWKH RURWKHU 2XWOD\ spent H[SHQGLWXUH VSHQW'LUHFW
SURMHFWLV (` RQWKH XSWRWKH RUWKURXJK
FRYHUHG ODNKV SURMHFWRU reporting LPSOHPHQWLQJ
programme period $JHQF\
GXULQJ
250 :5,, Providing school furniture to Education Local Area Satna Madhya Pradesh Direct
Govt. Higher Secondary school,
Latagaon, Dist. Satna, Madhya
Pradesh.
251 :5,, 3URYLGLQJ52ZDWHUSXUL¿HU Swachhta Local Area Sagar Madhya Pradesh Direct
V\VWHPVZLWK:DWHUFRROHUV
for 31 nos. Govt. Primary,
Secondary and Higher Secondary
6FKRROV QRV*RYW*LUOV
Hostels in Sagar District of
Madhya Pradesh
252 :5,, Construction of Open sheds for education Local Area Satna Madhya Pradesh Direct
Govt. Higher Secondary Schools
at Magrura and Maihar, Satna
District, Madhya Pradesh
253 :5,, Development of 03 nos. ponds Rural Local Area Khandwa Madhya Pradesh 3.63 3.63 Direct
at Rudhi Gram Panchayat Development
:5,, Cremation Shed at Village Rural Local Area Jabalpur Madhya Pradesh 1.16 1.16 Direct
Dharampura, Hirapur Bandha development
Gram Panchayat, Jabalpur
255 :5,, Balance payment of Toilet Swachhta Local Area Khandwa Madhya Pradesh 5.83 5.83 IrconISL
construction at Khandwa
256 :5,, Construction of School Rooms Education Local Area Tapi Gujarat 11.68 11.68 11.68 Direct
ZLWKVWDLU *LUOV7RLOHWIRU
GLVDEOHGFKLOGUHQLQQRRI
Schools nf District Tapi
TOTAL
181
Power Grid Corporation of India Limited - Annual Report 2017-18
Balance Sheet as at 31 st
March, 2018
ලLQFURUH
3DUWLFXODUV 1RWH1R As at As at
31st March, 2018 31st March, 2017
ASSETS
Non-current assets
3URSHUW\3ODQWDQG(TXLSPHQW 4 152243.89 134252.57
&DSLWDOZRUNLQSURJUHVV 5 30261.17 35806.80
,QYHVWPHQW3URSHUW\ 6 0.03 0.03
2WKHU,QWDQJLEOHDVVHWV 7 1366.46 1255.39
,QWDQJLEOHDVVHWVXQGHUGHYHORSPHQW 8 45.95 77.33
)LQDQFLDO$VVHWV
,QYHVWPHQWV 9 1608.24 1327.55
/RDQV 10 8253.12 3618.41
2WKHUQRQFXUUHQW¿QDQFLDODVVHWV 11 866.35 836.95
2WKHUQRQFXUUHQWDVVHWV 12 5645.51 6346.78
200290.72 183521.81
Current assets
,QYHQWRULHV 13 1038.45 906.95
)LQDQFLDO$VVHWV
,QYHVWPHQWV 14 - 2.50
7UDGHUHFHLYDEOHV 15 3638.96 3221.10
&DVKDQGFDVKHTXLYDOHQWV 16 1516.21 3228.43
%DQNEDODQFHVRWKHUWKDQ&DVKDQGFDVKHTXLYDOHQWV 17 654.22 112.16
/RDQV 18 46.88 35.14
2WKHUFXUUHQW¿QDQFLDODVVHWV 19 4869.92 3319.03
2WKHUFXUUHQWDVVHWV 20 535.56 224.74
12300.20 11050.05
Regulatory Deferral Account Balances 21 314.83 107.60
Total Assets 212905.75 194679.46
EQUITY AND LIABILITIES
Equity
(TXLW\6KDUHFDSLWDO 22 5231.59 5231.59
2WKHU(TXLW\ 23 49183.37 44575.66
54414.96 49807.25
Liabilities
Non-current liabilities
)LQDQFLDO/LDELOLWLHV
%RUURZLQJV 24 122420.32 110963.17
2WKHUQRQFXUUHQW¿QDQFLDOOLDELOLWLHV 25 459.60 352.24
3URYLVLRQV 26 716.87 789.56
'HIHUUHGWD[OLDELOLWLHV1HW 27 2569.50 2550.54
2WKHUQRQFXUUHQWOLDELOLWLHV 28 457.16 575.20
126623.45 115230.71
Current liabilities
)LQDQFLDO/LDELOLWLHV
%RUURZLQJV 29 1000.00 1500.00
7UDGHSD\DEOHV 30 240.34 413.98
2WKHUFXUUHQW¿QDQFLDOOLDELOLWLHV 31 21505.61 19324.61
2WKHUFXUUHQWOLDELOLWLHV 32 2687.33 2566.00
3URYLVLRQV 33 1059.58 537.21
&XUUHQW7D[/LDELOLWLHV1HW 34 407.07 417.33
26899.93 24759.13
Deferred Revenue 35 4967.41 4882.37
Total Equity and Liabilities 212905.75 194679.46
7KHDFFRPSDQ\LQJQRWHVWRIRUPDQLQWHJUDOSDUWRI¿QDQFLDOVWDWHPHQWV
For and on behalf of the Board of Directors
Divya Tandon K. Sreekant I. S. Jha
&RPSDQ\6HFUHWDU\ 'LUHFWRU)LQDQFH &KDLUPDQ 0DQDJLQJ'LUHFWRU
As per our report of even date
For S.K. Mittal & Co. For R.G.N. Price & Co. For Kothari & Co. For Parakh & Co.
&KDUWHUHG$FFRXQWDQWV &KDUWHUHG$FFRXQWDQWV &KDUWHUHG$FFRXQWDQWV &KDUWHUHG$FFRXQWDQWV
)LUP5HJQ1R1 )LUP5HJQ1R6 )LUP5HJQ1R( )LUP5HJQ1R&
(CA Gaurav Mittal ) (CA R. Rangarajan) (CA Amitav Kothari) (CA Indra Pal Singh)
3DUWQHU 3DUWQHU 3DUWQHU 3DUWQHU
0HPEHUVKLS1R 0HPEHUVKLS1R 0HPEHUVKLS1R 0HPEHUVKLS1R
3ODFH1HZ'HOKL
'DWHth0D\
182
Power Grid Corporation of India Limited - Annual Report 2017-18
6WDWHPHQWRI3UR¿WDQG/RVVIRUWKH\HDUHQGHG st
March, 2018
(CA Gaurav Mittal) (CA R. Rangarajan) (CA Amitav Kothari) (CA Indra Pal Singh)
3DUWQHU 3DUWQHU 3DUWQHU 3DUWQHU
0HPEHUVKLS1R 0HPEHUVKLS1R 0HPEHUVKLS1R 0HPEHUVKLS1R
3ODFH1HZ'HOKL
'DWHth0D\
183
st
184
Statement of Changes in Equity IRUWKHSHULRGHQGHG March, 2018
B. Other Equity
ලLQFURUH
Reserves and Surplus Other Comprehensive
Income
Particulars Securities Bond Self CSR General Retained Fair Value through Other Total
Premium Redemption Insurance Reserve Reserve Earnings Comprehensive Income
Account Reserve Reserve Equity Investment
Balance at 1st April, 2017 9578.29 8095.09 676.64 123.38 23243.64 2754.86 103.76 44575.66
3UR¿WIRUWKH\HDU 8238.96 8238.96
2WKHU&RPSUHKHQVLYH,QFRPH 26.64 13.72
Total Comprehensive Income 8265.60 (12.92) 8252.68
Adjustments during the year
7UDQVIHUWR*HQHUDO5HVHUYH 3500.00
7UDQVIHUWR%RQGUHGHPSWLRQUHVHUYH 2075.83
7UDQVIHUIURP%RQG5HGHPSWLRQ5HVHUYH 1012.33
7UDQVIHUWR6HOI,QVXUDQFH5HVHUYH 226.25
7UDQVIHUIURP6HOI,QVXUDQFH5HVHUYH 167.86
7UDQVIHUIURP&655HVHUYH 0.05
)LQDO'LYLGHQG)<
7D[RQ)LQDO'LYLGHQG)<
,QWHULP'LYLGHQG)<
7D[RQ,QWHULPGLYLGHQG)<
st
Balance at 31 March, 2018 9578.29 9158.59 735.03 123.33 26911.55 2585.74 90.84 49183.37
st
Statement of Changes in Equity IRUWKHSHULRGHQGHG 0DUFK&RQWG
ලLQFURUH
Reserves and Surplus Other Comprehensive
Income
Particulars Securities Bond Self CSR General Retained Fair Value through Other Total
Premium Redemption Insurance Reserve Reserve Earnings Comprehensive Income
Account Reserve Reserve Equity Investment
%DODQFHDWst$SULO 9578.29 6892.42 484.32 135.53 21226.72 197.56 64.80 38579.64
3UR¿WIRUWKH\HDU 7520.15 7520.15
2WKHU&RPSUHKHQVLYH,QFRPH 10.87 38.96 49.83
Total Comprehensive Income 7531.02 38.96 7569.98
Adjustments during the year
7UDQVIHUWR*HQHUDO5HVHUYH 2000.00
7UDQVIHUWR%RQGUHGHPSWLRQUHVHUYH 2004.95
7UDQVIHUIURP%RQG5HGHPSWLRQ5HVHUYH 802.28
7UDQVIHUWR6HOI,QVXUDQFH5HVHUYH 193.17
7UDQVIHUIURP6HOI,QVXUDQFH5HVHUYH 0.85
7UDQVIHUIURP&655HVHUYH 12.15
)LQDO'LYLGHQG)<
7D[RQ)LQDO'LYLGHQG)<
,QWHULP'LYLGHQG)<
7D[RQ,QWHULPGLYLGHQG)<
2WKHU&KDQJHV 3.92 3.92
Balance at 31st March, 2017 9578.29 8095.09 676.64 123.38 23243.64 2754.86 103.76 44575.66
(CA Gaurav Mittal) (CA R. Rangarajan) (CA Amitav Kothari) (CA Indra Pal Singh)
3DUWQHU 3DUWQHU 3DUWQHU 3DUWQHU
0HPEHUVKLS1R 0HPEHUVKLS1R 0HPEHUVKLS1R 0HPEHUVKLS1R
3ODFH1HZ'HOKL
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185
Power Grid Corporation of India Limited - Annual Report 2017-18
ලLQFURUH
3DUWLFXODUV For the year ended )RUWKH\HDUHQGHG
31st March, 2018 31st March, 2017
A. CASH FLOW FROM OPERATING ACTIVITIES
1HW 3UR¿W %HIRUH 7D[ LQFOXGLQJ 1HW PRYHPHQW LQ 5HJXODWRU\ 'HIHUUDO $FFRXQW 10,476.85 9,569.76
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Adjustment for :
'HSUHFLDWLRQ DPRUWL]DWLRQH[SHQVHV 9,091.25 7,662.80
7UDQVIHUIURP*UDQWVLQ$LG (12.13)
'HIHUUHGUHYHQXH$GYDQFHDJDLQVW'HSUHFLDWLRQ (120.72)
3URYLVLRQV 31.67 9.02
&KDQJHVLQIDLUYDOXHRI¿QDQFLDODVVHWVWKURXJKSUR¿WRUORVV (14.28)
3UR¿WRQ6DOHRI,QYHVWPHQWV -
1HW/RVVRQ'LVSRVDO:ULWHRIIRI3URSHUW\3ODQW (TXLSPHQW 10.30 3.80
'HIHUUHG)RUHLJQ&XUUHQF\)OXFWXDWLRQ$VVHW 240.75 852.86
'HIHUUHG,QFRPHIURP)RUHLJQ&XUUHQF\)OXFWXDWLRQ (203.50)
5HJXODWRU\'HIHUUUDO$FFRXQW'HELW%DODQFHV (207.23)
)LQDQFH&RVWV 7,590.66 6,303.83
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Cash generated from operations 24,109.97 23,121.69
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B. CASH FLOW FROM INVESTING ACTIVITIES
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Net cash used in investing activities (24,626.63)
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PDLQWHQDQFHH[SHQGLWXUHVUHTXLUHGWRREWDLQWKHH[SHFWHGIXWXUHFDVKÀRZVIURPWKHDVVHW
7KH&RPSDQ\UHYLHZHVDWWKHHQGRIHDFKUHSRUWLQJGDWHWKHXVHIXOSODQWDQGHTXLSPHQWRWKHUWKDQWKHDVVHWVRIWUDQVPLVVLRQEXVLQHVV
ZKLFKDUHJRYHUQHGE\&(5&5HJXODWLRQVDQGDUHDGMXVWHGSURVSHFWLYHO\LIDSSURSULDWH
7KHDVVHVVPHQWVXQGHUWDNHQLQUHFRJQL]LQJSURYLVLRQVDQGFRQWLQJHQFLHVKDYHEHHQPDGHLQDFFRUGDQFHZLWK,QG$6³3URYLVLRQV
&RQWLQJHQW/LDELOLWLHVDQG&RQWLQJHQW$VVHWV´7KHHYDOXDWLRQRIWKHOLNHOLKRRGRIWKHFRQWLQJHQWHYHQWVKDVUHTXLUHGEHVWMXGJPHQWE\
PDQDJHPHQWUHJDUGLQJWKHSUREDELOLW\RIH[SRVXUHWRSRWHQWLDOORVV6KRXOGFLUFXPVWDQFHVFKDQJHIROORZLQJXQIRUHVHHDEOHGHYHORSPHQWV
WKLVOLNHOLKRRGFRXOGDOWHU
200
Note 4/Property, Plant and Equipment
ලLQFURUH
Cost Accumulated depreciation Net Book Value
As at 1st Additions Disposal Adjustment As at 31st As at 1st Additions Disposal Adjustment As at 31st As at 31st As at 31st
Particulars
April, 2017 during the during March,2018 April, 2017 during during March,2018 March, 2018 March, 2017
year the year the year the year
Land
D)UHHKROG 2,062.59 124.31 7.70 2,179.20 2,179.20 2,062.59
E/HDVHKROG 250.05 46.60 305.72 19.13 10.99 31.22 274.50 230.92
Buildings
D6XE6WDWLRQV 2I¿FH 869.89 419.74 7.84 1,281.79 57.98 45.66 0.18 103.46 1,178.33 811.91
E7RZQVKLS 441.96 72.98 514.94 41.91 21.84 63.75 451.19 400.05
7HPSRUDU\(UHFWLRQ 0.84 0.11 0.95 0.83 0.10 0.94 0.01 0.01
5RDGV %ULGJHV 154.50 9.40 163.90 15.12 6.87 21.99 141.91 139.38
:DWHU6XSSO\'UDLQDJH 92.91 3.63 96.54 8.65 4.22 12.87 83.67 84.26
6HZHUDJH
Plant & Equipment
D7UDQVPLVVLRQ 96,162.42 13,992.90 124.10 123.32 109,907.90 9,040.07 5,825.59 55.27 14,832.94 95,074.96 87,122.35
E6XEVWDWLRQ 45,960.56 12,218.94 54.25 58,240.88 4,483.08 3,061.96 15.19 7,537.79 50,703.09 41,477.48
F8QL¿HG/RDG 605.42 137.97 755.98 90.21 51.99 149.96 606.02 515.21
'HVSDWFK
&RPPXQLFDWLRQ
G7HOHFRP 918.87 153.39 15.11 1,057.15 193.00 104.60 7.73 289.87 767.28 725.87
)XUQLWXUH)L[WXUHV 98.08 11.93 0.44 0.05 109.52 12.53 8.07 0.27 20.50 89.02 85.55
9HKLFOHV 2.74 0.59 3.33 0.66 0.45 1.11 2.22 2.08
2I¿FHHTXLSPHQW 132.59 96.52 0.43 38.48 190.20 15.34 11.60 0.26 27.17 163.03 117.25
(OHFWURQLF'DWD 74.29 17.59 0.33 0.08 91.47 35.99 19.79 0.28 56.24 35.23 38.30
3URFHVVLQJ :RUG
3URFHVVLQJ0DFKLQHV
&RQVWUXFWLRQDQG 248.31 38.37 0.38 286.30 26.05 16.50 0.22 42.33 243.97 222.26
:RUNVKRSHTXLSPHQW
(OHFWULFDO,QVWDOODWLRQ 82.34 7.23 92.79 11.59 5.80 17.58 75.21 70.75
/DERUDWRU\(TXLSPHQWV 41.74 3.83 0.11 45.46 6.45 3.08 9.53 35.93 35.29
:RUNVKRS 7HVWLQJ 120.31 35.67 0.20 155.78 7.56 7.54 0.17 14.95 140.83 112.75
(TXLSPHQWV
0LVFHOODQHRXV$VVHWV 0.05 0.01 0.04 0.01 0.01 0.03 0.05
(TXLSPHQWV
Total 148,320.46 27,391.70 180.25 52.07 175,479.84 14,066.15 9,206.66 71.66 (33.06) 23,234.21 152,245.63 134,254.31
/HVV3URYLVLRQIRUDVVHWV 1.74 1.74 1.74 1.74
GLVFDUGHG
Grand Total 148,318.72 27,391.70 180.25 52.07 175,478.10 14,066.15 9,206.66 71.66 (33.06) 23,234.21 152,243.89 134,252.57
201
Power Grid Corporation of India Limited - Annual Report 2017-18
202
ලLQFURUH
Cost Accumulated depreciation Net Book Value
As at 1st Additions Disposal Adjustment As at 31st As at 1st Additions Disposal Adjustment As at 31st As at 31st As at 31st
Particulars
April, 2016 during during March, 2017 April, 2016 during during March, 2017 March, 2017 March, 2016
the year the year the year the year
Land
D)UHHKROG 1,999.84 60.66 2,062.59 2,062.59 1,999.84
E/HDVHKROG 237.14 12.91 250.05 9.44 9.69 19.13 230.92 227.70
Buildings
D6XE6WDWLRQV 677.69 176.29 4.07 869.89 25.13 34.14 0.15 1.14 57.98 811.91 652.56
2I¿FH
E7RZQVKLS 409.79 32.67 0.50 441.96 20.70 21.23 0.02 41.91 400.05 389.09
7HPSRUDU\(UHFWLRQ 0.40 0.44 0.84 0.39 0.44 0.83 0.01 0.01
5RDGV %ULGJHV 143.36 11.14 154.50 7.42 8.23 0.53 15.12 139.38 135.94
:DWHU6XSSO\'UDLQDJH 81.73 11.19 0.01 92.91 4.13 4.52 8.65 84.26 77.60
6HZHUDJH
Plant & Equipment
D7UDQVPLVVLRQ 79,112.14 17,416.10 27.77 338.05 96,162.42 4,051.86 4,950.14 29.09 9,040.07 87,122.35 75,060.28
E6XEVWDWLRQ 35,721.54 10,525.90 3.85 283.03 45,960.56 2,015.64 2,508.85 5.18 36.23 4,483.08 41,477.48 33,705.90
F8QL¿HG/RDG 485.43 122.33 2.34 605.42 39.83 50.38 90.21 515.21 445.60
'HVSDWFK
&RPPXQLFDWLRQ
G7HOHFRP 834.94 83.23 918.87 96.34 96.67 0.12 193.00 725.87 738.60
)XUQLWXUH)L[WXUHV 78.31 20.29 0.65 98.08 5.37 7.20 0.04 12.53 85.55 72.94
9HKLFOHV 1.86 0.88 2.74 0.32 0.34 0.66 2.08 1.54
2I¿FHHTXLSPHQW 97.61 35.14 0.18 132.59 6.42 8.94 0.03 15.34 117.25 91.19
(OHFWURQLF'DWD 42.12 32.68 0.53 74.29 19.92 16.37 0.24 0.06 35.99 38.30 22.20
3URFHVVLQJ :RUG
3URFHVVLQJ0DFKLQHV
&RQVWUXFWLRQDQG 210.86 36.96 248.31 12.09 13.97 0.01 26.05 222.26 198.77
:RUNVKRSHTXLSPHQW
(OHFWULFDO,QVWDOODWLRQ 79.97 1.91 82.34 5.81 5.79 0.06 11.59 70.75 74.16
/DERUDWRU\(TXLSPHQWV 38.96 2.78 41.74 3.24 3.21 6.45 35.29 35.72
:RUNVKRS 7HVWLQJ 66.07 55.56 1.55 120.31 2.26 5.31 0.14 7.56 112.75 63.81
(TXLSPHQWV
0LVFHOODQHRXV$VVHWV 0.05 0.05 0.05 0.05
(TXLSPHQWV
Total 120,319.81 28,639.06 39.10 599.31 148,320.46 6,326.31 7,745.42 35.08 (29.50) 14,066.15 134,254.31 113,993.50
/HVV3URYLVLRQIRUDVVHWV 1.74 1.74 1.74 1.74
GLVFDUGHG
Grand Total 120,318.07 28,639.06 39.10 599.31 148,318.72 6,326.31 7,745.42 35.08 (29.50) 14,066.15 134,252.57 113,991.76
Power Grid Corporation of India Limited - Annual Report 2017-18
E L7KHODQGFODVVL¿HGDVOHDVHKROGODQGKHOGLQWKHVWDWHRI-DPPXDQG.DVKPLUZLWKDUHDRIKHFWDUH3UHYLRXV<HDUKHFWDUH
DPRXQWLQJWRලFURUH3UHYLRXV<HDUලFURUHLVDFTXLUHGE\VWDWHJRYHUQPHQWDVSHUSURFHGXUHVXQGHU6WDWH/DQG$FTXLVLWLRQ
$FW$VSHUSUHYDLOLQJODZWKHVWDWHJRYHUQPHQWUHPDLQVWKHRZQHURIWKHODQGVRDFTXLUHGDQGFRPSDQ\LVRQO\JLYHQSRVVHVVLRQIRUWKH
VSHFL¿FXVH
LL7KHWUDQVPLVVLRQV\VWHPVLWXDWHGLQWKHVWDWHRI-DPPXDQG.DVKPLUKDYHEHHQWDNHQRYHUE\WKHFRPSDQ\ZHIst$SULOIURP
1DWLRQDO+\GURHOHFWULF3RZHU&RUSRUDWLRQRI,QGLD/LPLWHG1+3&XSRQPXWXDOO\DJUHHGWHUPVSHQGLQJFRPSOHWLRQRIOHJDOIRUPDOLWLHV
203
Note 5/Capital work in progress
ලLQFURUH
3DUWLFXODUV As at $GGLWLRQVGXULQJ $GMXVWPHQWV &DSLWDOLVHG As at
1st$SULO WKH\HDU GXULQJWKH\HDU 31st March, 2018
Land
'HYHORSPHQWRIODQG 25.16 60.84 75.24 10.76
Buildings
D6XE6WDWLRQV 2I¿FH 386.96 127.09 362.40 151.65
E7RZQVKLS 67.59 64.83 35.42 97.00
5RDGV %ULGJHV 20.46 7.60 9.40 18.66
:DWHU6XSSO\'UDLQDJHDQG6HZHUDJH 3.06 0.16 3.22
Plant & Equipments (including
associated civil works)
D7UDQVPLVVLRQ 15,449.54 9,128.01 0.26 12,725.49 11,851.80
E6XE6WDWLRQ 8,257.71 9,576.85 0.37 10,833.84 7,000.35
F8QL¿HG/RDG'HVSDWFK 375.00 233.37 6.11 137.97 464.29
&RPPXQLFDWLRQ
G7HOHFRP 66.99 69.86 89.95 46.90
2WKHURI¿FHHTXLSPHQWV 6.49 4.25 1.86 8.88
(OHFWULFDO,QVWDOODWLRQV 0.55 1.77 1.39 0.93
&RQVWUXFWLRQ6WRUHV1HWRI3URYLVLRQ 7,664.18 74.99 7,589.19
Expenditure pending allocation
L6XUYH\ LQYHVWLJDWLRQ FRQVXOWDQF\ 23.18 14.40 4.63 32.95
VXSHUYLVLRQ&KDUJHV
LL'LIIHUHQFH LQ ([FKDQJH RQ IRUHLJQ 69.49 170.00 51.60 187.89
FXUUHQF\ORDQV
LLL([SHQGLWXUH GXULQJ FRQVWUXFWLRQ 3,394.08 2,207.39 0.57 2,801.94 2,798.96
SHULRGQHW1RWH
35,810.44 21,666.42 82.30 27,131.13 30,263.43
/HVV3URYLVLRQIRUXQVHUYLFHDEOH$VVHWV 3.64 1.38 2.26
Grand Total 35,806.80 21,666.42 80.92 27,131.13 30,261.17
204
Power Grid Corporation of India Limited - Annual Report 2017-18
205
Note 5/Capital work in progress (Contd.)
(Details of Construction stores) (At cost)
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
Construction Stores
7RZHUV 1442.08 1545.37
&RQGXFWRUV 2364.57 2117.69
2WKHU/LQH0DWHULDOV 547.97 856.88
6XE6WDWLRQ(TXLSPHQWV 1982.03 1999.25
+LJK9ROWDJH'LUHFW&XUUHQW+9'&(TXLSPHQWV 704.51 708.37
8QL¿HG/RDG'HVSDWFK &RPPXQLFDWLRQ8/'&0DWHULDOV 387.36 259.03
7HOHFRP0DWHULDOV 37.54 27.32
2WKHUV 123.13 150.28
7589.19 7664.19
/HVV3URYLVLRQIRUVKRUWDJHVDQGREVROHWHPDWHULDO - 0.01
TOTAL 7589.19 7664.18
Construction Stores include:
i) Material in transit
7RZHUV 3.84 1.67
&RQGXFWRUV - 4.42
2WKHU/LQH0DWHULDOV 12.38 13.81
6XE6WDWLRQ(TXLSPHQWV 158.41 345.57
+LJK9ROWDJH'LUHFW&XUUHQW+9'&(TXLSPHQWV 45.22
8QL¿HG/RDG'HVSDWFK &RPPXQLFDWLRQ8/'&0DWHULDOV - 8.65
2WKHUV 2.35 60.17
Total 222.20 434.29
ii) Material with Contractors
7RZHUV 1438.24 1543.70
&RQGXFWRUV 2364.56 2113.26
2WKHU/LQH0DWHULDOV 535.60 843.08
6XE6WDWLRQ(TXLSPHQWV 1823.62 1653.68
+LJK9ROWDJH'LUHFW&XUUHQW+9'&(TXLSPHQWV 659.29 708.37
8QL¿HG/RDG'HVSDWFK &RPPXQLFDWLRQ8/'&0DWHULDOV 387.36 250.38
7HOHFRP0DWHULDOV 37.54 27.32
2WKHUV 120.78 90.10
Total 7366.99 7229.89
Grand total 7589.19 7664.18
Further Notes:
206
Note 6/Investment Property
ලLQFURUH
3DUWLFXODUV Cost Accumulated Amortisation Net Book Value
As at $GGLWLRQV 'LVSRVDO $GMXVWPHQW As at As at $GGLWLRQV 'LVSRVDO $GMXVWPHQW As at As at As at
1st GXULQJWKH GXULQJWKH 31st March, 1st$SULO GXULQJWKH GXULQJWKH 31st March, 31st March, 31st March,
$SULO \HDU \HDU 2018 2017 \HDU \HDU 2018 2018 2017
/DQG 0.02 0.02 - 0.02 0.02
)UHHKROG
%XLOGLQJV 0.01 0.01 - 0.01 0.01
Total 0.03 - - - 0.03 - - - - - 0.03 0.03
ලLQFURUH
3DUWLFXODUV Cost Accumulated Amortisation Net Book Value
As at $GGLWLRQV 'LVSRVDO $GMXVWPHQW As at As at $GGLWLRQV 'LVSRVDO $GMXVWPHQW As at As at As at
1st GXULQJWKH GXULQJWKH 31st March, 1st$SULO GXULQJWKH GXULQJWKH 31st March, 31st March, 31st March,
$SULO \HDU \HDU 2017 2016 \HDU \HDU 2017 2017 2016
/DQG 0.02 0.02 - 0.02 0.02
)UHHKROG
%XLOGLQJV 0.01 0.01 - 0.01 0.01
Total 0.03 - - - 0.03 - - - - - 0.03 0.03
207
Power Grid Corporation of India Limited - Annual Report 2017-18
ලLQFURUH
For the year ended )RUWKH\HDUHQGHGst
31st March, 2018 March, 2017
5HQWDOLQFRPH 0.80 0.64
'LUHFWRSHUDWLQJH[SHQVHVIURPSURSHUW\WKDWJHQHUDWHGUHQWDOLQFRPH -
'LUHFWRSHUDWLQJH[SHQVHVIURPSURSHUW\WKDWGLGQRWJHQHUDWHUHQWDOLQFRPH -
3UR¿WIURPLQYHVWPHQWSURSHUW\EHIRUHGHSUHFLDWLRQ 0.80 0.64
'HSUHFLDWLRQ -
3UR¿WIURPLQYHVWPHQWSURSHUW\ 0.80 0.64
ලLQFURUH
For the year ended )RUWKH\HDUHQGHGst
31st March, 2018 March, 2017
&RQWUDFWXDO REOLJDWLRQ IRU IXWXUH UHSDLUV DQG PDLQWHQDQFH QRW UHFRJQLVHG DV D 0.80 0.64
OLDELOLW\
0LQLPXPOHDVHSD\PHQWVUHFHLYDEOHXQGHUQRQFDQFHOODEOHRSHUDWLQJOHDVHVRILQYHVWPHQWSURSHUW\DUHDVIROORZV
ලLQFURUH
31st
March,2018* 31st
March, 2017
:LWKLQRQH\HDU 0.83
/DWHUWKDQRQH\HDUEXWQRWODWHUWKDQ\HDUV 0.91
/DWHUWKDQ\HDUV
/HDVHDJUHHPHQWHQGHGZLWKPXWXDOFRQVHQWGXULQJWKH\HDUZHIth0DUFKDQGQRQHZOHDVHDJUHHPHQWKDVEHHQHQWHUHG
ලLQFURUH
31st March,2018 31st March, 2017
,QYHVWPHQWSURSHUW\ 2.98 2.87
7KHIDLUYDOXHVRILQYHVWPHQWSURSHUW\KDVEHHQGHWHUPLQHGE\LQGHSHQGHQWYDOXHU7KHPDLQLQSXWVXVHGDUHWKHUHQWDOJURZWKUDWHVH[SHFWHG
YDFDQF\UDWHVWHUPLQDO\LHOGVDQGGLVFRXQWUDWHV EDVHGRQFRPSDUDEOHWUDQVDFWLRQVDQGLQGXVWU\GDWD$OOUHVXOWLQJIDLUYDOXHHVWLPDWHV IRU
LQYHVWPHQWSURSHUW\DUHLQFOXGHGLQOHYHO
208
Note 7/Other Intangible assets
ලLQFURUH
3DUWLFXODUV Cost Accumulated Amortisation Net Book Value
As at $GGLWLRQV 'LVSRVDO $GMXVWPHQW As at As at $GGLWLRQV 'LVSRVDO $GMXVWPHQW As at As at As at
1st$SULO GXULQJWKH GXULQJWKH 31st March, 1st$SULO GXULQJ GXULQJWKH 31st March, 31st March, 31st March,
2017 \HDU \HDU 2018 2017 WKH\HDU \HDU 2018 2018 2017
(OHFWURQLF'DWD 42.21 4.67 46.97 30.21 11.96 42.17 4.80 12.00
3URFHVVLQJ
6RIWZDUH
5LJKWRI:D\ 1,297.34 211.32 5.85 1,502.81 118.44 81.94 200.38 1,302.43 1,178.90
$IIRUHVWDWLRQ
([SHQVHV
7HOHFRP/LFHQVHV 2.50 2.80 2.50 2.80 1.37 0.13 1.37 0.13 2.67 1.13
'HYHORSPHQWRI 69.41 69.57 6.05 6.96 13.01 56.56 63.36
.976
Total 1,411.46 218.79 2.50 5.60 1,622.15 156.07 100.99 1.37 - 255.69 1,366.46 1,255.39
,QWHUQDOO\JHQHUDWHGLQWDQJLEOHDVVHW
ලLQFURUH
3DUWLFXODUV Cost Accumulated Amortisation Net Book Value
As at $GGLWLRQV 'LVSRVDO $GMXVWPHQW As at As at $GGLWLRQV 'LVSRVDO $GMXVWPHQW As at As at As at
1st$SULO GXULQJ GXULQJWKH 31st March, 1st$SULO GXULQJWKH GXULQJWKH 31st March, 31st March, 31st March,
2016 WKH\HDU \HDU 2017 2016 \HDU \HDU 2017 2017 2016
(OHFWURQLF'DWD 36.97 5.24 42.21 14.67 15.54 30.21 12.00 22.30
3URFHVVLQJ6RIWZDUH
5LJKWRI:D\ 981.78 315.63 0.07 1,297.34 53.54 64.97 0.07 118.44 1,178.90 928.24
$IIRUHVWDWLRQ
([SHQVHV
1/'/LFHQFH 2.50 0.12 1.37 1.13
'HYHORSPHQWRI 69.41 69.41 6.05 6.05 63.36
.976
Total 1,018.75 390.28 - (2.43) 1,411.46 68.21 86.68 - (1.18) 156.07 1,255.39 950.54
,QWHUQDOO\JHQHUDWHGLQWDQJLEOHDVVHW
209
Power Grid Corporation of India Limited - Annual Report 2017-18
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3DUWLFXODUV As at $GGLWLRQV $GMXVWPHQWV &DSLWDOLVHG As at
1st$SULO GXULQJWKH\HDU 31st March, 2018
(OHFWURQLF'DWD3URFHVVLQJ6RIWZDUH 0.07 1.77 1.84 -
5LJKWRI:D\$IIRUHVWDWLRQH[SHQVHV 61.38 71.99 87.42 45.95
'HYHORSPHQWRI.976 15.88 15.88 -
Total 77.33 73.76 15.88 89.26 45.95
ලLQFURUH
3DUWLFXODUV As at $GGLWLRQV $GMXVWPHQWV &DSLWDOLVHG As at
1st$SULO GXULQJWKH\HDU 31st March, 2017
(OHFWURQLF'DWD3URFHVVLQJ6RIWZDUH 1.46 1.64 0.09 2.94 0.07
5LJKWRI:D\$IIRUHVWDWLRQH[SHQVHV 92.19 66.00 96.81 61.38
'HYHORSPHQWRI.976 78.46 13.32 6.49 69.41 15.88
Total 172.11 80.96 6.58 169.16 77.33
Note 9/Investments
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
Investments in Equity Instruments (fully paid up)
Quoted
Investments at Fair Value through Other Comprehensive Income (OCI)
37&,QGLD/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 104.88 112.08
Unquoted
Investments at Fair Value through Other Comprehensive Income (OCI)
(QHUJ\(I¿FLHQF\6HUYLFHV/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 23.90 29.62
Unquoted
Investments at Cost (Fully paid up)
i) Subsidiary Companies
3RZHUJULG107UDQVPLVVLRQ/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 212.00 134.00
3RZHUJULG9HPDJLUL7UDQVPLVVLRQ/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 0.05 0.05
/HVV3URYLVLRQIRUGLPLQXWLRQLQWKHYDOXHRI,QYHVWPHQW 0.05 0.05
-
3RZHUJULG9L]DJ7UDQVPLVVLRQ/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 209.73 209.73
3RZHUJULG8QFKDKDU7UDQVPLVVLRQ/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 12.96 12.96
3RZHUJULG.DOD$PE7UDQVPLVVLRQ/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 56.00 1.05
32:(5*5,'-DEDOSXU7UDQVPLVVLRQ/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 0.15 0.15
210
Power Grid Corporation of India Limited - Annual Report 2017-18
LL -RLQW9HQWXUH&RPSDQLHV
7RUUHQW3RZHU*ULG/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 23.40 23.40
-D\SHH3RZHUJULG/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 78.00 78.00
3DUEDWL.ROGDP7UDQVPLVVLRQ&RPSDQ\/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 70.94 70.94
7HHVWDYDOOH\3RZHU7UDQVPLVVLRQ/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 94.28 94.28
3RZHUOLQNV7UDQVPLVVLRQ/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 229.32 229.32
1RUWK(DVW7UDQVPLVVLRQ&RPSDQ\/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 106.96 106.96
1DWLRQDO+LJK3RZHU7HVW/DERUDWRU\/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 30.40 30.40
&URVV%RUGHU3RZHU7UDQVPLVVLRQ&RPSDQ\/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 12.62 12.62
.DOLQJD%LG\XW3UDVDUDQ1LJDP3ULYDWH/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK5HIHUIXUWKHUQRWHEHORZ 0.01 0.01
/HVV3URYLVLRQIRUGLPLQXWLRQLQWKHYDOXHRI,QYHVWPHQW 0.01 0.01
-
%LKDU*ULG&RPSDQ\/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 156.24 148.50
3RZHU7UDQVPLVVLRQ&RPSDQ\1HSDO/LPLWHG
3UHYLRXV <HDU (TXLW\ 6KDUHV RI 1HSDOL 5XSHH HDFK 6.50 4.88
5HIHUIXUWKHUQRWHEHORZ
211
Note 9/Investments (Contd.)
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
5,1/32:(5*5,'7/73ULYDWH/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 3.40 3.40
812.06 802.70
LLL 2WKHUV
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFKLQ(PSOR\HHV&RRS6RFLHW\
/LPLWHG5RXUNHODල
3UHYLRXV<HDUVKDUHRIලHDFKLQ%KDUDW%URDGEDQG1HWZRUN/LPLWHGල
TOTAL 1608.24 1327.55
,QYHVWPHQWVKDYHEHHQYDOXHGDVSHUDFFRXQWLQJSROLF\QR
,QYHVWPHQWRIලFURUHLQ*ULG&RQGXFWRU/LPLWHGKDVEHHQZULWWHQRIIGXULQJWKH\HDUDVSHUWKHDSSURYDORIWKH%RDUGRI'LUHFWRUV
32:(5*5,'¶V %RDUG RI 'LUHFWRUV LQ LWV PHHWLQJ KHOG RQ th $XJXVW DFFRUGHG DSSURYDO IRU LQLWLDWLQJ SURFHGXUH IRU ZLQGLQJ XS
UHPRYDORIWKHQDPHRI.DOLQJD%LG\XW3UDVDUDQ1LJDP3ULYDWH/WGXQGHUIDVWWUDFN([LWPRGHRI5HJLVWUDURI&RPSDQLHV52&3URYLVLRQ
IRUGLPLQXWLRQLQWKHYDOXHRI,QYHVWPHQWRIලFURUHKDGEHHQPDGHLQWKHSUHYLRXV\HDU
1XPEHURIVKDUHVDVDWst0DUFKGRHVQRWLQFOXGHERQXVVKDUHVGHFODUHGLQWKH$QQXDO*HQHUDO0HHWLQJKHOGRQth
-DQXDU\ DQGDOORWWHGDIWHUst March, 2018.
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
Loans to Related Parties **
/RDQVWR6XEVLGLDULHV8QVHFXUHG 8113.13 3486.05
/RDQWR'LUHFWRUV .H\0DQDJHULDO3HUVRQQHO.03
6HFXUHG - 0.08
8QVHFXUHG 0.07
8113.20 3486.13
Loans to Employees (including interest accrued)
6HFXUHG 111.02 114.09
8QVHFXUHG 28.90 18.19
139.92 132.28
Total 8253.12 3618.41
Further notes:
'HWDLOVRIORDQVWRUHODWHGSDUWLHVLVSURYLGHGLQ1RWH
212
Power Grid Corporation of India Limited - Annual Report 2017-18
Further notes:
%DQNGHSRVLWVDJDLQVWGHVLJQDWHGDFFRXQWVIRUFRQVXOWDQF\ZRUN
'HWDLOVRIDGYDQFHVWRUHODWHGSDUWLHVDUHSURYLGHGLQ1RWH
&(5& YLGH RUGHU GDWHG LQ SHWLWLRQ QR KDG GLUHFWHG WKDW RI WKH DFTXLVLWLRQ SULFH LQFXUUHG E\ WKH &RPSDQ\ IRU
9HPDJLUL 7UDQVPLVVLRQ &RPSDQ\ /LPLWHG 976/ VKDOO EH UHLPEXUVHG E\ WKH /RQJ 7HUP 7UDQVPLVVLRQ &XVWRPHUV /77&V DQG EDODQFH
DORQJZLWKWKHH[SHQGLWXUHLQFXUUHGE\976/IURPWKHGDWHRIDFTXLVLWLRQWLOOWKHOLTXLGDWLRQRIWKHFRPSDQ\VKDOOEHERUQHE\WKH&RPSDQ\
6XEVHTXHQWO\RQDUHYLHZSHWLWLRQ¿OHGE\WKH&RPSDQ\&(5&YLGHRUGHUGDWHGKHOGWKDWWKHUHDUHVXI¿FLHQWUHDVRQVWRUHYLHZWKH
OLDELOLW\RIWKH&RPSDQ\WRSD\RIWKHDFTXLVLWLRQSULFHDQGDFFRUGLQJO\GLUHFWHGWKDWWKHLVVXHVKDOOEHGHFLGHGDIUHVKE\WDNLQJDKROLVWLF
YLHZLQWKHPDWWHUDIWHUGLVSRVDORIDSSHDOV¿OHGE\WKH/77&VRQWKHLVVXHLQ$SSHOODWH7ULEXQDORI(OHFWULFLW\$7(7KHPDWWHULVVWLOOSHQGLQJ
EHIRUH$7(&(5&
(TXLW\6KDUHVDOORWWHGRQth$SULO
213
Note 12/Other non-current Assets (Contd.)
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
Advances recoverable in kind or for value to be received
&RQWUDFWRUV 6XSSOLHUV 129.10 120.71
%DODQFHZLWK&XVWRPV3RUW7UXVWDQGRWKHUDXWKRULWLHV 20.53 76.18
2WKHUV
30.93 22.44
180.56 219.33
&RQVLGHUHGGRXEWIXO 2.90 3.09
183.46 222.42
/HVV3URYLVLRQIRUGRXEWIXO$GYDQFHV 2.90 3.09
180.56 219.33
TOTAL 5645.51 6346.78
Further notes:
'HWDLOVRIDGYDQFHVWRUHODWHGSDUWLHVDUHSURYLGHGLQ1RWH
2WKHUVLQFOXGHDPRXQWUHFRYHUDEOHIURP6WDWH*RYHUQPHQWVLQVXUDQFHFODLPVSUHSDLGH[SHQVHVHWF
Note 13/Inventories
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
(For mode of valuation refer Note 2.10)
&RPSRQHQWV6SDUHV RWKHUVSDUHSDUWV 1047.03 902.26
/RRVHWRROV 21.58 12.23
&RQVXPDEOHVWRUHV 8.15 9.71
1076.76 924.20
/HVV3URYLVLRQIRU6KRUWDJHVGDPDJHVHWF 38.31 17.25
TOTAL 1038.45 906.95
Inventories includes material in transit
&RPSRQHQWV6SDUHV RWKHUVSDUHSDUWV 3.75 19.93
Note 14/Investments
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
Government Securities (Unquoted at Cost)
Investments at Cost (Fully paid up)
IXOO\SDLGXS6WDWH*RYW%RQGVXQGHURQHWLPHVHWWOHPHQWVFKHPHUHGHHPDEOHLQ - 2.50
KDOI\HDUO\LQVWDOPHQWV
TOTAL - 2.50
Further notes:
D $JJUHJDWHDPRXQWRIXQTXRWHG,QYHVWPHQWV
%RRNYDOXH - 2.50
214
Power Grid Corporation of India Limited - Annual Report 2017-18
Note 17/ Bank Balances other than Cash & cash equivalents
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
(DUPDUNHGEDODQFHZLWKEDQNV
12.61 11.18
,Q7HUP'HSRVLWVKDYLQJPDWXULW\RYHUPRQWKVEXWXSWRPRQWKV 641.61 100.98
)RU&RQVXOWDQF\FOLHQWVDQGRWKHUV
Total 654.22 112.16
Further notes:
(DUPDUNHGEDODQFHZLWK%DQNLQFOXGHVXQSDLGGLYLGHQGDQGUHIXQGRI)32SURFHHGV
215
Note 18/Loans
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
Loans to Related Parties**
/RDQVWR-RLQW9HQWXUH8QVHFXUHG 6.00
/RDQWR'LUHFWRUV .H\0DQDJHULDO3HUVRQQHO.03
6HFXUHG - 0.06
8QVHFXUHG&RQVLGHUHGJRRG 0.04 0.01
6.04 0.07
Loans to Employees (including interest accrued)
6HFXUHG 21.63 22.28
8QVHFXUHG&RQVLGHUHGJRRG 19.21 12.79
40.84 35.07
TOTAL 46.88 35.14
Further notes:
'HWDLOVRIORDQVWRUHODWHGSDUWLHVLVSURYLGHGLQ1RWH1R
216
Power Grid Corporation of India Limited - Annual Report 2017-18
Further Note:
5HIHUWRQRWHQRIRUGHWDLOHGGLVFORVXUHRQ5HJXODWRU\'HIHUUDO$FFRXQW%DODQFHV
217
Note 22/Equity Share capital (Contd.)
Further Notes:
5HFRQFLOLDWLRQRIQXPEHUDQGDPRXQWRIVKDUHFDSLWDORXWVWDQGLQJDWWKHEHJLQQLQJDQGDWWKHHQGRIWKHUHSRUWLQJSHULRG
7KH&RPSDQ\KDVRQO\RQHFODVVRIHTXLW\VKDUHVKDYLQJDSDUYDOXHRIලSHUVKDUH
7KHKROGHUVRIHTXLW\VKDUHVDUHHQWLWOHGWRUHFHLYHGLYLGHQGVDVGHFODUHGIURPWLPHWRWLPHDQGWRYRWLQJULJKWVSURSRUWLRQDWHWRWKHLU
VKDUHKROGLQJDWPHHWLQJVRIWKH6KDUHKROGHUV
6KDUHKROGHUVKROGLQJPRUHWKDQHTXLW\VKDUHVRIWKH&RPSDQ\
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
%DODQFHDWWKHEHJLQQLQJRIWKH\HDU 9578.29 9578.29
Balance at the end of the year 9578.29 9578.29
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
%DODQFHDWWKHEHJLQQLQJRIWKH\HDU 8095.09 6892.42
$GGLWLRQGXULQJWKH\HDU 2075.83 2004.95
'HGXFWLRQGXULQJWKH\HDU 1012.33 802.28
Balance at the end of the year 9158.59 8095.09
%RQGV5HGHPSWLRQ5HVHUYHLVFUHDWHGIRUWKHSXUSRVHRIUHGHPSWLRQRIGHEHQWXUHVLQWHUPRIWKH&RPSDQLHV$FW
218
Power Grid Corporation of India Limited - Annual Report 2017-18
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
%DODQFHDWWKHEHJLQQLQJRIWKH\HDU 676.64 484.32
$GGLWLRQGXULQJWKH\HDU 226.25 193.17
'HGXFWLRQGXULQJWKH\HDU 167.86 0.85
Balance at the end of the year 735.03 676.64
6HOI,QVXUDQFH5HVHUYHLVFUHDWHG#SDSDLQSUHYLRXV\HDURQWKH*URVV%ORFNRI3URSHUW\3ODQW (TXLSPHQWVQRWFRYHUHG
XQGHULQVXUDQFHDVDWWKHHQGRIWKH\HDUWRPHHWIXWXUHORVVHVZKLFKPD\DULVHIURPXQLQVXUHGULVNVDQGIRUSURFXUHPHQWRIWRZHUVDQG
RWKHUWUDQVPLVVLRQOLQHPDWHULDOVLQFOXGLQJVWUHQJWKHQLQJRIWRZHUVDQGHTXLSPHQWVRI$&VXEVWDWLRQWRWDNHFDUHRIIXWXUHFRQWLQJHQFLHV
&RUSRUDWH6RFLDO5HVSRQVLELOLW\5HVHUYHLVFUHDWHGWRWKHH[WHQWRIVKRUWIDOOLQWKHDFWXDOH[SHQGLWXUHLQDQ\\HDUYLVjYLVWKHDPRXQW
VWLSXODWHGDVSHUWKH&RPSDQLHV$FW
219
Note 23/Other Equity (Contd.)
23.7 Other Comprehensive Income Reserve
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
%DODQFHDWWKHEHJLQQLQJRIWKH\HDU 103.76 64.80
$GGLWLRQGXULQJWKH\HDU (12.92) 38.96
Balance at the end of the year 90.84 103.76
220
Power Grid Corporation of India Limited - Annual Report 2017-18
221
Note 24/ Borrowings (Contd.)
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
XIX Issue- 9.25% redeemable w.e.f 24.07.2010 123.60 164.77
XVIII Issue- 8.15% redeemable w.e.f 09.03.2010 166.45 249.63
xvii) %RQGV RI ල FURUH HDFK FRQVLVWLQJ RI 67533V RI ල
/DNKVHDFKUHGHHPDEOHDWSDULQ7HQHTXDODQQXDOLQVWDOPHQWV
XVII Issue- 7.39% redeemable w.e.f 22.09.2009 - 99.84
xviii)%RQGVRIලFURUHHDFKFRQVLVWLQJRI67533VRIල/DNKV
HDFKUHGHHPDEOHDWSDULQ7ZHOYHHTXDODQQXDOLQVWDOPHQWV
XV Issue-6.68% redeemable w.e.f. 23.02.2008 - 74.95
69484.55 68549.46
A2) Unsecured
A2.1 Redeemable Domestic Bonds
%RQGVRIල/DNKVHDFKFRQVLVWLQJRI67533VRIල/DNKVHDFK
UHGHHPDEOHDWSDULQ)LYHHTXDODQQXDOLQVWDOPHQWV
LXI Issue-7.74% redeemable w.e.f. 12.12.2028 2999.75
B) Term loans
from Banks
Secured
)RUHLJQ&XUUHQF\/RDQV*XDUDQWHGE\*RYHUQPHQWRI,QGLD*2, 21294.39 20213.43
2WKHU)RUHLJQ&XUUHQF\/RDQV 2548.77 2672.65
5XSHH/RDQV 13638.00 12752.00
37481.16 35638.08
Unsecured
)RUHLJQ&XUUHQF\/RDQV*XDUDQWHGE\*2, 3738.32 1445.26
2WKHU)RUHLJQ&XUUHQF\/RDQV 2022.66 1917.58
5XSHH/RDQV 3440.00 150.00
9200.98 3512.84
Total (B) 46682.14 39150.92
TOTAL (A TO B) 122420.32 110963.17
Further notes:
Details of terms of repayment and rate of interest
222
Power Grid Corporation of India Limited - Annual Report 2017-18
1RWH2WKHU1RQFXUUHQW¿QDQFLDOOLDELOLWLHV
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
'HSRVLWV5HWHQWLRQPRQH\IURPFRQWUDFWRUVDQGRWKHUV 456.95 189.67
'XHVIRU&DSLWDO([SHQGLWXUH 2.65 162.57
Total 459.60 352.24
Further Notes:
'LVFORVXUHZLWKUHJDUGWR0LFURDQG6PDOOHQWHUSULVHVDVUHTXLUHGXQGHU³7KH0LFUR6PDOODQG0HGLXP(QWHUSULVHV'HYHORSPHQW$FW´LV
JLYHQLQ1RWH1R
Further Notes:
3URYLVLRQLVFUHDWHGIRUWKHSXUSRVHRIOHDYHHQFDVKPHQW6HWWOHPHQW$OORZDQFH/RQJ6HUYLFH$ZDUGDQGRWKHUEHQH¿WV'HWDLOHGGLVFORVXUH
UHODWHGWR(PSOR\HH%HQH¿W2EOLJDWLRQVLVJLYHQLQ1RWH1R
223
Note 27/ Deferred tax liabilities (Net)
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
A. Deferred Tax Liability
'LIIHUHQFHLQERRNGHSUHFLDWLRQDQGWD[GHSUHFLDWLRQ 14209.42 11214.62
)LQDQFHOHDVHDVVHWV 88.37 90.83
2WKHUV 48.27 66.30
Deferred Tax Liability (A) 14346.06 11371.75
B. Deferred Tax Assets
,QFRPHGXULQJ&RQVWUXFWLRQ3HULRG 16.76 18.69
6HOI,QVXUDQFH5HVHUYH 8.11 11.26
3URYLVLRQVDOORZDEOHRQSD\PHQWEDVLV 215.92 236.77
$GYDQFH$JDLQVW'HSUHFLDWLRQ 525.59 562.31
2WKHUV 20.79 123.98
Deferred Tax Assets (B) 787.17 953.01
Deferred Tax Liability (Net) (A-B) 13558.89 10418.74
/HVV'HIHUUHGDVVHWVIRUGHIHUUHGWD[OLDELOLW\ 10989.39 7868.20
Net Deferred Tax Liability 2569.50 2550.54
0RYHPHQWLQ'HIHUUHG7D[/LDELOLWLHV
ලLQFURUH
3DUWLFXODUV 'LIIHUHQFHLQERRN )LQDQFH/HDVHG 2WKHUV 7RWDO
GHSUHFLDWLRQDQGWD[ $VVHWV
GHSUHFLDWLRQ
At 1st April, 2016 8556.83 106.27 59.51 8722.61
&KDUJHGFUHGLWHG
WRSUR¿WRUORVV 2657.79 6.79 2649.14
At 31 March, 2017
st
11214.62 90.83 66.30 11371.75
&KDUJHGFUHGLWHG
WRSUR¿WRUORVV 2994.80 2974.31
At 31st March, 2018 14209.42 88.37 48.27 14346.06
F 0DWWHUUHJDUGLQJSUHVHQWDWLRQRIµ'HIHUUHG$VVHWVDJDLQVW'HIHUUHG7D[/LDELOLW\¶LQ%DODQFH6KHHWDQG6WDWHPHQWRI3UR¿WDQGORVVKDVEHHQ
UHIHUUHGWR([SHUW$GYLVRU\&RPPLWWHH($&RI,QVWLWXWHRI&KDUWHUHG$FFRXQWDQWRI,QGLDRSLQLRQRIZKLFKLVVWLOODZDLWHG
224
Power Grid Corporation of India Limited - Annual Report 2017-18
$PRXQWWDNHQWR6WDWHPHQWRI3UR¿WDQG/RVV
ලLQFURUH
Further Notes:
2WKHUVLQFOXGHVDPRXQWSD\DEOHWR&XVWRPHUVXSRQUHFRYHU\
Note 29/Borrowings
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
Short Term - Unsecured
From Others
&RPPHUFLDO3DSHU 1000.00 1500.00
Total 1000.00 1500.00
225
Note 30/Trade payables
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
)RUJRRGVDQGVHUYLFHV 240.34 413.98
Total 240.34 413.98
Further Notes:
'LVFORVXUHZLWKUHJDUGWR0LFURDQG6PDOOHQWHUSULVHVDVUHTXLUHGXQGHU³7KH0LFUR6PDOODQG0HGLXP(QWHUSULVHV'HYHORSPHQW$FW´LV
JLYHQLQ1RWH1R
Further notes:
'LVFORVXUHZLWKUHJDUGWR0LFURDQG6PDOOHQWHUSULVHVDVUHTXLUHGXQGHU³7KH0LFUR6PDOODQG0HGLXP(QWHUSULVHV'HYHORSPHQW$FW
´LVJLYHQLQ1RWH1R
1RDPRXQWLVGXHIRUSD\PHQWWR,QYHVWRU(GXFDWLRQDQG3URWHFWLRQ)XQG
'HWDLOVRIDPRXQWSD\DEOHWRUHODWHGSDUWLHVDUHSURYLGHGLQ1RWH
226
Power Grid Corporation of India Limited - Annual Report 2017-18
Note 33/Provisions
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
$ (PSOR\HH%HQH¿WV
i) Performance related pay /special incentive
$VSHUODVWEDODQFHVKHHW 109.83 182.52
$GGLWLRQGXULQJWKH\HDU 163.46 168.04
$PRXQWSDLGDGMXVWHGGXULQJWKH\HDU 109.96 240.73
&ORVLQJ%DODQFH 163.33 109.83
ii) Wage revision
$VSHUODVWEDODQFHVKHHW 265.43
$GGLWLRQVGXULQJWKH\HDU 459.93 265.43
&ORVLQJ%DODQFH 725.36 265.43
LLL 2WKHU(PSOR\HH%HQH¿WV
( Leave Encashment, Settlement Allowance and Long Service Award
etc.)
$VSHUODVWEDODQFHVKHHW 73.86 46.56
$GGLWLRQVDGMXVWPHQWVGXULQJWKH\HDU (7.34) 27.30
&ORVLQJ%DODQFH 66.52 73.86
Total (A) 955.21 449.12
B) Others
i) Downtime Service Credit-Telecom
$VSHUODVWEDODQFHVKHHW 14.85 10.09
$GGLWLRQVGXULQJWKH\HDU 8.26 9.11
$PRXQWVDGMXVWHGGXULQJWKH\HDU 4.91 4.35
&ORVLQJ%DODQFH 18.20 14.85
ii) Provision Others
$VSHUODVWEDODQFHVKHHW 73.24 58.76
$GGLWLRQVDGMXVWPHQWVGXULQJWKH\HDU 12.93 14.48
&ORVLQJ%DODQFH 86.17 73.24
Total (B) 104.37 88.09
Total (A+B) 1059.58 537.21
Further notes:
(PSOR\HH%HQH¿WV
3HUIRUPDQFH5HODWHG3D\6SHFLDO,QFHQWLYH
3URYLVLRQLVFUHDWHGIRU3HUIRUPDQFH5HODWHG3D\WR([HFXWLYHVDQG1RQ([HFXWLYHV
227
Note 33/Provisions (Contd.)
:DJH5HYLVLRQ
3D\UHYLVLRQRIHPSOR\HHVRIWKH&RPSDQ\LVGXHZHIst-DQXDU\3URYLVLRQKDVEHHQPDGHLQOLQHZLWKFLUFXODURI'HSDUWPHQWRI
3XEOLF(QWHUSULVHV*RYHUQPHQWRI,QGLDIRUWKHLPSDFWRIWKHSD\UHYLVLRQLQFOXGLQJWRZDUGVLQFUHDVHLQWKHFHLOLQJOLPLWRIJUDWXLW\IURP
WKHH[LVWLQJOLPLWRIලODNKVWRලODNKVDVSHUDFWXDULDOYDOXDWLRQSHQGLQJDSSURYDORI%RDUGRI'LUHFWRUVIRULPSOHPHQWDWLRQRISD\
UHYLVLRQLQWHUPVRISUHVLGHQWLDOGLUHFWLYHVGDWHGth0D\
2WKHU(PSOR\HH%HQH¿WV
3URYLVLRQ LV FUHDWHG IRU WKH SXUSRVH RI PHHWLQJ RXW OHDYH HQFDVKPHQW VHWWOHPHQW DOORZDQFH ORQJ VHUYLFH DZDUG DQG 32:(5*5,'
(PSOR\HH)DPLO\5HKDELOLWDWLRQ6FKHPH
Others
'RZQWLPH6HUYLFH&UHGLW7HOHFRP
3URYLVLRQLVFUHDWHGLQFDVHZKHQDFWXDOGRZQWLPHLVLQH[FHVVRIWKHSHUPLVVLEOHVHUYLFHOHYHODJUHHPHQWLQVXFKFDVHVWKHQHFHVVDU\
FUHGLWLVSDVVHGRQWRWKHFXVWRPHURQGHPDQG
+RZHYHULQVRPHFDVHWKHGRZQWLPHLVQRWFODLPHGE\WKHFXVWRPHUWKHQLQVXFKFDVHVQHFHVVDU\SURYLVLRQRQDFFRXQWRIGRZQWLPHLV
PDGHLQWKHERRNVRIDFFRXQWVDVSHUWKHOLQNVDYDLODELOLW\UHSRUWVUHFHLYHGIURP1DWLRQDO7HOHFRP&RQWURO&HQWUH17&&IRUWKHSHULRGRI
QRQRSHUDWLRQRIOLQNVJLYHQWRWKHFXVWRPHUV7KHFDOFXODWLRQRIGRZQWLPHFUHGLWLVEDVHGRQWKH6/$VLJQHGZLWKYDULRXVFXVWRPHUV
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
Taxation (Including interest on tax)
$VSHUODVWEDODQFHVKHHW 4846.07 4132.97
$GGLWLRQVGXULQJWKH\HDU 2218.93 1988.45
$PRXQWDGMXVWHGGXULQJWKH\HDU 1283.35 1275.35
Total 5781.65 4846.07
1HWRIIDJDLQVW$GYDQFHWD[DQG7'6 5374.58 4428.74
Closing Balance 407.07 417.33
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
$GYDQFHDJDLQVWGHSUHFLDWLRQ 1504.09 1624.81
*UDQWVLQDLG5HIHU)XUWKHU1RWHV
$VSHUODVW%DODQFH6KHHW 150.30 109.17
5HFHLYHGGXULQJWKH\HDU 421.39 63.02
$GMXVWPHQWVGXULQJWKH\HDU 12.13 21.89
&ORVLQJEDODQFH 559.56 150.30
'HIHUUHGLQFRPHIURPIRUHLJQFXUUHQF\ÀXFWXDWLRQ1HW 2903.76 3107.26
TOTAL 4967.41 4882.37
Further Notes:
*UDQWLQ$LGRIලFURUH3UHYLRXV<HDU1,/ZDVUHFHLYHGIURP3RZHU6\VWHP'HYHORSPHQW)XQG36')IRULQVWDOODWLRQRI67$7&20
LQ(5(566;,DQG656\VWHP6WUHQJWKHQLQJLQ65;;,
*UDQWLQ$LGRIලFURUH3UHYLRXV<HDUFURUHZDVUHFHLYHGIURP3RZHU6\VWHP'HYHORSPHQW)XQG36')IRU8QL¿HG5HDO
7LPH'\QDPLF6WDWH0HDVXUHPHQW857'60
*UDQWLQ$LGRIලFURUH3UHYLRXV<HDU1,/ZDVUHFHLYHGIURP0LQLVWU\RI1DWXUDO5HVRXUFHV (QYLURQPHQW015(IRUHVWDEOLVKPHQW
RIWUDQVPLVVLRQV\VWHPDVVRFLDWHGZLWK8OWUD0HJD6RODU3DUNVLQ$QGKUD3UDGHVK.DUQDWDND0DGK\D3UDGHVK5DMDVWKDQDQG*XMDUDW
228
Power Grid Corporation of India Limited - Annual Report 2017-18
Further notes:
D ,QH[HUFLVHRISRZHUVXVRIWKH(OHFWULFLW\$FW&HQWUDO(OHFWULFLW\5HJXODWRU\&RPPLVVLRQ&(5&KDVQRWL¿HG³&(5&7HUPVDQG
&RQGLWLRQVRIWDULII5HJXODWLRQV´YLGHRUGHUGDWHGst)HEUXDU\IRUWKHGHWHUPLQDWLRQRIWUDQVPLVVLRQWDULIIIRUWKHEORFNSHULRG
E 7KHFRPSDQ\KDVUHFRJQLVHGWUDQVPLVVLRQLQFRPHGXULQJWKH\HDUDVSHUWKHIROORZLQJ
L ලFURUHSUHYLRXV\HDUලFURUHDVSHU¿QDOWDULIIRUGHUVLVVXHGE\&(5&
LL ලFURUHSUHYLRXV\HDUලFURUHLQUHVSHFWRIWUDQVPLVVLRQDVVHWVIRUZKLFK¿QDOWDULIIRUGHUVDUH\HWWREHLVVXHGDV
SHU&(5&7DULII5HJXODWLRQVDQGRWKHURUGHUVLQVLPLODUFDVHV
F &RQVHTXHQW WR WKH ¿QDO RUGHU LVVXHG E\ &(5& WUDQVPLVVLRQ LQFRPH LQFOXGHV ල FURUH GHFUHDVH 3UHYLRXV <HDU ල FURUH
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Note37/Other income
ලLQFURUH
3DUWLFXODUV For the year ended )RUWKH\HDUHQGHG
31st March, 2018 31st March, 2017
,QWHUHVWLQFRPHIURP¿QDQFLDODVVHWVDWDPRUWLVHGFRVW
,QWHUHVWRQ*RYWVHFXULWLHV 0.07 0.79
,QGLDQ%DQNV 110.72 121.94
,QWHUHVWRQORDQWRVXEVLGLDULHV-9V 438.74 175.50
2WKHUV
14.62 16.14
564.15 314.37
Interest from advances to contractors 54.36 60.38
618.51 374.75
Dividend income from investment in
6XEVLGLDULHV 22.92 3.56
-RLQW9HQWXUHV 65.55 55.66
(TXLW\LQYHVWPHQWVGHVLJQDWHGDWIDLUYDOXHWKURXJKRWKHUFRPSUHKHQVLYHLQFRPH 5.58 3.51
94.05 62.73
Others
3UR¿WRQVDOHRI3URSHUW\3ODQWDQG(TXLSPHQW 0.45 0.03
3UR¿WRQVDOHRI,QYHVWPHQW - 50.57
229
Note37/Other income (Contd.) ලLQFURUH
3DUWLFXODUV For the year ended )RUWKH\HDUHQGHG
31st March, 2018 31st March, 2017
7UDQVIHUIURP*UDQWVLQDLG 12.13 21.89
)LQDQFH,QFRPHIURP¿QDQFHOHDVH 73.64 75.99
6XUFKDUJH 155.61 188.50
)(59JDLQ 0.32 27.34
3URYLVLRQVZULWWHQEDFN 8.36 5.69
)DLU9DOXHJDLQRQLQLWLDOUHFRJQLWLRQRI)LQDQFLDOOLDELOLW\LQYHVWPHQW 50.56 48.22
0LVFHOODQHRXVLQFRPH 105.89 128.12
406.96 546.35
1119.52 983.83
/HVV7UDQVIHUUHGWRH[SHQGLWXUHGXULQJFRQVWUXFWLRQ1HW1RWH 105.66 117.20
TOTAL 1013.86 866.63
Further Notes:
2WKHUVLQFOXGHLQWHUHVWRQHPSOR\HHORDQV XQZLQGLQJRI¿QDQFHFRVWRQHPSOR\HHORDQV
1RWH(PSOR\HHEHQH¿WVH[SHQVH
ලLQFURUH
3DUWLFXODUV For the year ended )RUWKH\HDUHQGHG
31st March, 2018 31st March, 2017
6DODULHVZDJHVDOORZDQFHV EHQH¿WV 1844.95 1393.10
&RQWULEXWLRQWRSURYLGHQWDQGRWKHUIXQGV 112.24 357.03
6WDII:HOIDUHH[SHQVHV,QFOXGLQJ'HIHUUHG(PSOR\HHFRVW 193.10 161.47
2150.29 1911.60
/HVV7UDQVIHUUHGWR([SHQGLWXUHGXULQJ&RQVWUXFWLRQ1HW1RWH 544.40 534.47
Total 1605.89 1377.13
Further Notes
D (PSOR\HH EHQH¿WV H[SHQVH LQFOXGH WKH IROORZLQJ IRU WKH ZKROH WLPH GLUHFWRUV DQG .H\ 0DQDJHULDO 3HUVRQQHO LQFOXGLQJ &KDLUPDQ DQG
0DQDJLQJ'LUHFWRUDQGH[FOXGLQJDUUHDUVSDLGWRH[GLUHFWRUV
ලLQFURUH
3DUWLFXODUV For the year ended )RUWKH\HDUHQGHG
31st March, 2018 31st March, 2017
6DODULHVDQG$OORZDQFHV 2.38 2.05
&RQWULEXWLRQWR3URYLGHQW)XQGDQGRWKHU)XQGV*UDWXLW\DQG*URXS,QVXUDQFH 0.17 0.30
2WKHUEHQH¿WV 0.94 1.26
,QDGGLWLRQWRWKHDERYHUHPXQHUDWLRQWKHZKROHWLPHGLUHFWRUVKDYHEHHQDOORZHGWRXVHWKHVWDIIFDULQFOXGLQJIRUSULYDWHMRXUQH\V
RQSD\PHQWRIලSPDVFRQWDLQHGLQWKH'HSDUWPHQWRI3XEOLF(QWHUSULVHV'3(201R'3(:&*/9GDWHG
F 3HQGLQJ DSSURYDO RI 0LQLVWU\ RI 3RZHU DQG 'HSDUWPHQW RI 3XEOLF (QWHUSULVHV VSHFLDO DOORZDQFH XSWR RI EDVLF SD\ DPRXQWLQJ WR
ලFURUHIRUWKH)LQDQFLDO<HDUලFURUHIRU)<&XPXODWLYHDPRXQWLQJWRලFURUHXSWRst March,
LVEHLQJSDLGWRHPSOR\HHVZKRDUHSRVWHGLQWKHGLI¿FXOWDQGIDUÀXQJDUHDV7KHDERYHDOORZDQFHLVLQDGGLWLRQWRWKHPD[LPXP
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230
Power Grid Corporation of India Limited - Annual Report 2017-18
Further Notes:
2WKHUVLQFOXGHVDJHQF\IHHVWUXVWHHIHHVIURQWHQGIHHVHWF
231
Note 41/Other expenses
ලLQFURUH
3DUWLFXODUV For the year ended )RUWKH\HDUHQGHG
31st March, 2018 31st March, 2017
5HSDLU 0DLQWHQDQFH
%XLOGLQJV 64.66 54.97
3ODQW 0DFKLQHU\
6XE6WDWLRQV 333.00 270.54
7UDQVPLVVLRQOLQHV 147.10 173.55
7HOHFRPHTXLSPHQWV 37.25 42.60
2WKHUV 38.64 28.98
555.99 515.67
6\VWHPDQG0DUNHW2SHUDWLRQ&KDUJHV 8.22 9.22
3RZHUFKDUJHV 242.21 225.86
/HVV5HFRYHU\IURPFRQWUDFWRUV 1.13 2.11
241.08 223.75
([SHQVHVRI'LHVHO*HQHUDWLQJVHWV 5.04 4.54
6WRUHVFRQVXPHG 8.67 3.92
:DWHUFKDUJHV 2.70 4.12
5LJKWRI:D\FKDUJHV7HOHFRP 7.57 5.20
3DWUROOLQJ([SHQVHV7HOHFRP 2.95 2.62
/DVW0LOHFRQQHFWLYLW\7HOHFRP 9.83 9.51
7UDLQLQJ 5HFUXLWPHQW([SHQVHV 30.82 28.95
/HVV)HHVIRUWUDLQLQJDQGDSSOLFDWLRQ 2.00 1.46
28.82 27.49
/HJDOH[SHQVHV 19.40 18.83
3URIHVVLRQDOFKDUJHV 22.62 15.70
&RQVXOWDQF\H[SHQVHV 1.96 1.39
&RPPXQLFDWLRQH[SHQVHV 16.03 21.58
,QODQG7UDYHOOLQJ([SHQVHV 104.49 98.92
)RUHLJQWUDYHO 11.11 8.30
115.60 107.22
7HQGHUH[SHQVHV 12.09 28.49
/HVV6DOHRIWHQGHUV 1.89 3.15
10.20 25.34
Payments to Statutory Auditors
$XGLW)HHV 1.07 0.90
7D[$XGLW)HHV 0.26 0.26
,Q2WKHU&DSDFLW\ 1.21 1.02
$UUHDUV 0.36 0.66
2XWRISRFNHW([SHQVHV 0.99 1.05
3.89 3.89
$GYHUWLVHPHQWDQGSXEOLFLW\ 14.01 15.15
232
Power Grid Corporation of India Limited - Annual Report 2017-18
ලLQFURUH
3DUWLFXODUV For the year ended )RUWKH\HDUHQGHG
31st March, 2018 31st March, 2017
)RU)RUHLJQ&XUUHQF\)OXFWXDWLRQ 195.92
)RU(PSOR\HH%HQH¿WV([SHQVH 11.31 103.18
TOTAL 207.23 69.93
5HIHUWRQRWHQRIRUGHWDLOHGGLVFORVXUHRQ5HJXODWRU\'HIHUUDO$FFRXQW%DODQFHV
233
Note 43/Other Comprehensive Income
ලLQFURUH
3DUWLFXODUV For the year ended )RUWKH\HDUHQGHG
31st March, 2018 31st March, 2017
,WHPVWKDWZLOOQRWEHUHFODVVL¿HGWR3UR¿WRU/RVV
*DLQ/RVVRQYDOXDWLRQRI,QYHVWPHQWLQ(TXLW\ (12.92) 38.96
3URYLVLRQVIRUDFWXDULDOYDOXDWLRQ 37.58 15.28
24.66 54.24
/HVV7UDQVIHUUHGWR([SHQGLWXUHGXULQJ&RQVWUXFWLRQ1HW1RWH 10.94 4.41
TOTAL 13.72 49.83
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3DUWLFXODUV For the year ended )RUWKH\HDUHQGHG
31st March, 2018 31st March, 2017
$ (PSOR\HHV5HPXQHUDWLRQ %HQH¿WV
6DODULHVZDJHVDOORZDQFHVDQGEHQH¿WV 486.71 409.73
&RQWULEXWLRQWRSURYLGHQWDQGRWKHUIXQGV 29.97 105.14
:HOIDUHH[SHQVHV 27.72 19.60
Total (A) 544.40 534.47
B. Other Expenses
5HSDLUDQGPDLQWHQDQFH 5.60 3.38
3RZHUFKDUJHV 2.47 10.06
/HVV5HFRYHU\IURPFRQWUDFWRUV 0.74 1.72
1.73 8.34
([SHQVHVRQ'LHVHO*HQHUDWLQJVHWV 0.45 0.37
7UDLQLQJ 5HFUXLWPHQW([SHQVHV 0.98 1.43
/HJDOH[SHQVHV 1.33 0.78
3URIHVVLRQDOFKDUJHV 5.40 4.08
&RQVXOWDQF\H[SHQVHV 0.15 0.04
&RPPXQLFDWLRQH[SHQVHV 2.13 2.32
7UDYHOOLQJ &RQYH[S,QFOXGLQJ)RUHLJQ7UDYHO 27.03 26.01
7HQGHUH[SHQVHV 10.30 5.41
/HVV6DOHRIWHQGHUV 1.64 2.88
8.66 2.53
3D\PHQWWR$XGLWRUV 0.04 0.01
$GYHUWLVHPHQWDQG3XEOLFLW\ 0.97 1.09
3ULQWLQJDQGVWDWLRQHU\ 0.69 0.63
%RRNV3HULRGLFDOVDQG-RXUQDOV 0.01 0.02
('3KLUHDQGRWKHUFKDUJHV 0.22 0.27
(QWHUWDLQPHQWH[SHQVHV 0.40 0.25
%URNHUDJHDQGFRPPLVVLRQ 0.03 0.06
5HQW 3.27 3.69
0LVFHOODQHRXVH[SHQVHV 11.72 10.30
+RUWLFXOWXUH([SHQVHV 0.64 0.90
6HFXULW\([SHQVHV 19.28 14.55
234
Power Grid Corporation of India Limited - Annual Report 2017-18
D. Finance Costs
D ,QWHUHVWDQG¿QDQFHFKDUJHVRQ¿QDQFLDOOLDELOLWLHVDWDPRUWLVHGFRVW
*RYHUQPHQWRI,QGLD
,QGLDQ%DQNVDQG)LQDQFLDO,QVWLWXWLRQV 301.29 455.19
)RUHLJQ%DQNVDQG)LQDQFLDO,QVWLWXWLRQV 131.59 100.14
6HFXUHG8QVHFXUHG5HGHHPDEOH%RQGV 882.92 1156.92
)RUHLJQ&XUUHQF\%RQGV 5.17 26.36
2WKHUV 44.83 62.78
1365.80 1801.39
E 2WKHU¿QDQFHFKDUJHV
&RPPLWPHQWFKDUJHV 8.33 9.44
*XDUDQWHHIHH 71.61 43.63
2WKHUV 26.91 12.97
106.85 66.04
F )(59DGMXVWPHQWWRERUURZLQJFRVW 173.00
Total (D) 1645.65 1824.91
235
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7UDQVPLVVLRQ3URMHFW(6,DQG6DVDUDP7UDQVPLVVLRQ3URMHFW673ZHUHSDLGWRWKH&XVWRPVDQG&HQWUDO([FLVH$XWKRULWLHVLQDFFRUGDQFH
ZLWKGLUHFWLRQIURP0LQLVWU\RI3RZHU*2,GXULQJGXHWRQRQDYDLODELOLW\RI:RUOG%DQNORDQIRUWKHHQWLUHVXSSOLHVLQUHVSHFW
RI(6,SURMHFWDQGIRUWKHVXSSOLHVSULRUWR0DUFKLQUHVSHFWRI673SURMHFWDQGWKHVDPHZDVFDSLWDOLVHGLQWKHERRNVRIDFFRXQWV
7KHUHDIWHU:RUOG%DQNKDG¿QDQFHGERWKWKH(6,SURMHFWDQG673SURMHFWDVRULJLQDOO\HQYLVDJHGDQGWKH\EHFDPHHOLJLEOHIRUGHHPHG
H[SRUWEHQH¿WV&RQVHTXHQWO\WKHFRPSDQ\KDVORGJHGFODLPVZLWKWKH&XVWRPVDQG([FLVH$XWKRULWLHV
,QWKLVUHJDUGWKH&XPXODWLYHDPRXQWUHFHLYHGDQGGHFDSLWDOL]HGXSWRst0DUFKLVලFURUH3UHYLRXV<HDUලFURUH
7KHFRPSDQ\FRQWLQXHGWRVKRZWKHEDODQFHRIලFURUHDVDWst0DUFK3UHYLRXV<HDUලFURUHLQWKHFDSLWDOFRVWRI
WKHUHVSHFWLYHDVVHWVSURMHFWVSHQGLQJUHFHLSWRIWKHVDPHIURP&XVWRPVDQG([FLVH$XWKRULWLHV
46. D %DODQFHVRI7UDGH5HFHLYDEOHVDQGUHFRYHUDEOHVKRZQXQGHU$VVHWVDQG7UDGHDQG2WKHU3D\DEOHVVKRZQXQGHU/LDELOLWLHVLQFOXGH
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LQYHVWPHQWVRQUHDOL]DWLRQLQWKHRUGLQDU\FRXUVHRIEXVLQHVVZLOOQRWEHOHVVWKDQYDOXHDWZKLFKWKH\DUHVWDWHGLQWKH%DODQFH6KHHW
47. ,QIRUPDWLRQLQUHVSHFWRIFRVWSOXVFRQVXOWDQF\FRQWUDFWVFRQVLGHULQJWKHVDPHDVFRQVXOWDQF\EXVLQHVVDVUHTXLUHGXQGHU,QG$6
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236
Power Grid Corporation of India Limited - Annual Report 2017-18
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6U Particulars 31 March, 2018
st
31 March, 2017
st
1R
1 3ULQFLSDODPRXQWDQGLQWHUHVWGXHWKHUHRQUHPDLQLQJXQSDLGWRDQ\VXSSOLHU
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2WKHU1RQFXUUHQW)LQDQFLDO$VVHWVDQG2WKHU&XUUHQW)LQDQFLDO$VVHWVLQFOXGHOHDVHUHFHLYDEOHVUHSUHVHQWLQJWKHSUHVHQWYDOXHRI
IXWXUHOHDVHUHQWDOVUHFHLYDEOHRQWKH¿QDQFHOHDVHWUDQVDFWLRQVHQWHUHGLQWRE\WKHFRPSDQ\ZLWKWKHFRQVWLWXHQWVLQUHVSHFWRI
6WDWH6HFWRU8/'&DQG%LODWHUDO/LQH$VVHWV'LVFORVXUHUHTXLUHPHQWVRI,QG$6µ/HDVHV¶QRWL¿HGXQGHUWKH&RPSDQLHV$FW
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3DUWLFXODUV 31 March, 2018
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31 March, 2017
st
237
52. Disclosure as per IND AS 17 ‘Leases’ (Contd.)
LL 'HWDLOVRIJURVVLQYHVWPHQWLQOHDVHXQHDUQHG¿QDQFHLQFRPHDQGSUHVHQWYDOXHRIPLQLPXPOHDVHSD\PHQWVUHFHLYDEOHVDW
WKHHQGRI¿QDQFLDO\HDULVJLYHQDVXQGHU
ලLQFURUH
3DUWLFXODUV 31st March, 2018 31st March, 2017
*URVVLQYHVWPHQWLQ/HDVH 1742.24 1982.50
8QHDUQHG)LQDQFH,QFRPH 1165.22 1371.38
3UHVHQWYDOXHRI0LQLPXP/HDVH3D\PHQW0/3 577.02 611.12
LLL 7KHYDOXHRIFRQWUDFWXDOPDWXULW\RIVXFKOHDVHVLVDVXQGHU
ලLQFURUH
3DUWLFXODUV *URVV,QYHVWPHQWLQ/HDVH 3UHVHQW9DOXHRI0/3V
As at As at As at As at
31st March, 2018 31st March, 2017 31st March, 2018 31st March, 2017
1RWODWHUWKDQRQH\HDU 130.31 143.99 46.45 70.94
/DWHUWKDQRQH\HDUDQGQRW 492.86 468.22 170.38 177.27
ODWHUWKDQ¿YH\HDUV
/DWHUWKDQ¿YH\HDUV 1119.07 1370.29 360.19 362.91
Total 1742.24 1982.50 577.02 611.12
LY 7KHUHDUHGLIIHUHQFHVLQEDODQFHOHDVHUHFHLYDEOHDVDW\HDUHQGDVSHUDFFRXQWVDQGWDULIIUHFRUGVRQDFFRXQWRI
b) Operating leases:-
7KH FRPSDQ\¶V VLJQL¿FDQW OHDVLQJ DUUDQJHPHQWV DUH LQ UHVSHFWRI RSHUDWLQJ OHDVHV RI SUHPLVHV IRU UHVLGHQWLDO XVH RI HPSOR\HHV
RI¿FHVDQGJXHVWKRXVHVWUDQVLWFDPSVZKLFKDUHXVXDOO\UHQHZDEOHRQPXWXDOO\DJUHHGWHUPVEXWDUHQRWQRQFDQFHOODEOH(PSOR\HH
EHQH¿WV H[SHQVH LQFOXGH ල FURUH SUHYLRXV \HDU ල FURUH WRZDUGV OHDVH SD\PHQWV QHW RI UHFRYHULHV LQ UHVSHFW RI
SUHPLVHVIRUUHVLGHQWLDOXVHRIHPSOR\HHV/HDVHSD\PHQWVRIලFURUHSUHYLRXV\HDUලFURUHLQUHVSHFWRISUHPLVHVIRU
RI¿FHVDQGJXHVWKRXVHWUDQVLWFDPSVDUHVKRZQXQGHUWKHKHDG5HQWLQ1RWH2WKHUH[SHQVHV
238
Power Grid Corporation of India Limited - Annual Report 2017-18
)(59 DULVLQJ GXULQJ WKH FRQVWUXFWLRQ SHULRG IRU VHWWOHPHQWWUDQVODWLRQ RI PRQHWDU\ LWHPV RWKHU WKDQ QRQFXUUHQW ORDQV GHQRPLQDWHG LQ
IRUHLJQ FXUUHQF\ WR WKH H[WHQW UHFRYHUDEOHSD\DEOH WR WKH EHQH¿FLDULHV DV FDSLWDO FRVW DV SHU &(5& 7DULII 5HJXODWLRQV DUH DFFRXQWHG DV
5HJXODWRU\'HIHUUDO$FFRXQW%DODQFHV,QUHVSHFWRIORQJWHUPIRUHLJQFXUUHQF\ORDQGUDZQRQRUDIWHUst$SULOH[FKDQJHGLIIHUHQFH
WRWKHH[WHQWUHFRYHUDEOHDVSHU&(5&7DULII5HJXODWLRQVDUHUHFRJQLVHGDV5HJXODWRU\'HIHUUDO$FFRXQW%DODQFHV7KHFRPSDQ\H[SHFWVWR
UHFRYHUWKHVHDPRXQWVWKURXJKGHSUHFLDWLRQFRPSRQHQWRIWKHWDULIIRYHUWKHOLIHRIWKHDVVHWRUDVH[FKDQJHUDWHYDULDWLRQRQUHSD\PHQWRI
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3DUWLFXODUV 31 March, 2018
st
31 March, 2017
st
$Q\FKDQJHLQWKH7DULIIUHJXODWLRQVEH\RQGWKHFXUUHQWWDULIISHULRGHQGLQJRQst0DUFKPD\KDYHDQLPSDFWRQWKHUHFRYHU\RI
5HJXODWRU\'HIHUUDO$FFRXQW%DODQFHV
239
55. Disclosure as required by Clause 34 (3) of SEBI (Listing Obligation and Disclosure Requirements) Regulations,
2015:
$ /RDQVDQG$GYDQFHVLQQDWXUHRI/RDQV
7R6XEVLGLDU\&RPSDQLHVDQG-RLQW9HQWXUHV
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2XWVWDQGLQJEDODQFHDVDW 0D[LPXPDPRXQWRXWVWDQGLQJGXULQJ
1DPHRIWKH&RPSDQ\
31st March, 2018 31st March, 2017 31st March, 2018 31st March, 2017
Subsidiary
3RZHUJLG107UDQVPLVVLRQ/LPLWHG 924.30 839.25 924.30 839.25
3RZHUJLG9L]DJ7UDQVPLVVLRQ/LPLWHG 708.43 720.33 748.83 720.33
3RZHUJULG8QFKDKDU7UDQVPLVVLRQ/WG 55.92 54.44 55.92 54.44
3RZHUJULG.DOD$PE7UDQVPLVVLRQ/LPLWHG 246.84 204.59 246.84 204.59
3RZHUJULG-DEDOSXU7UDQVPLVVLRQ/LPLWHG 967.00 204.06 967.00 204.06
3RZHUJULG:DURUD7UDQVPLVVLRQ/LPLWHG 1657.87 675.43 1657.87 675.43
3RZHUJULG3DUOL7UDQVPLVVLRQ/LPLWHG 1476.58 445.39 1476.58 445.39
3RZHUJULG6RXWKHUQ,QWHUFRQQHFWRU 1823.62 342.56 1823.62 342.56
7UDQVPLVVLRQ6\VWHP/LPLWHG
3RZHUJULG0HGQLSXU-HHUXW7UDQVPLVVLRQ 252.57 252.57
/LPLWHG
Joint Ventures
1DWLRQDO+LJK3RZHU7HVW/DERUDWRU\ 6.00 6.00
3ULYDWH/LPLWHG
Total 8119.13 3486.05 8159.53 3486.05
7R¿UPVFRPSDQLHVLQZKLFKGLUHFWRUVDUHLQWHUHVWHG1,/
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3DUWLFXODUV For the year ended )RUWKH\HDUHQGHG
31st March, 2018 31st March, 2017
A. $PRXQWUHTXLUHGWREHVSHQWGXULQJWKH\HDU 157.94 135.12
B. $PRXQWVSHQWRQ&655HYHQXHH[SHQVHV 127.15 98.00
&DSLWDO([SHQVHV 30.84 49.27
C. 6KRUWIDOO([FHVVDPRXQWDSSURSULDWHGWR&655HVHUYH (0.05)
D. %UHDNXSRIWKHDPRXQWVSHQWRQ&651RWH
(GXFDWLRQDQG6NLOO'HYHORSPHQWH[SHQVHV 12.16 17.87
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+HDOWKDQG6DQLWDWLRQH[SHQVHV 74.23 61.89
6SRUWV$UWDQG&XOWXUHH[SHQVHV 15.82 0.98
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31 March, 2018
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31 March, 2017
st
,QYHVWPHQWLQ37&/WGEHLQJDOLVWHGHTXLW\LQVWUXPHQWLVD/HYHOIDLUYDOXHKLHUDUFK\
,QYHVWPHQWLQ(QHUJ\(I¿FLHQF\6HUYLFHV/LPLWHGLVD/HYHOIDLUYDOXHKLHUDUFK\
241
58. Fair Value Measurements (Contd.)
7KLVVHFWLRQH[SODLQVWKHMXGJHPHQWVDQGHVWLPDWHVPDGHLQGHWHUPLQLQJWKHIDLUYDOXHVRIWKH¿QDQFLDOLQVWUXPHQWVWKDWDUHPHDVXUHGDW
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XVHGLQGHWHUPLQLQJIDLUYDOXHWKHFRPSDQ\KDVFODVVL¿HGLWV¿QDQFLDOLQVWUXPHQWVLQWRWKHWKUHHOHYHOVSUHVFULEHGXQGHUWKHDFFRXQWLQJ
VWDQGDUG$QH[SODQDWLRQRIHDFKOHYHOIROORZVXQGHUQHDWKWKHWDEOH
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Assets and liabilities which are measured at amortised cost Level 1 Level 2 Level 3 Total
for which fair values are disclosed
At 31st March, 2018
Financial Assets
,QYHVWPHQWV
%RQGV
/RDQV
/RDQVWR6XEVLGLDULHV 8074.33 8074.33
/RDQVWR-RLQW9HQWXUHV 6.00 6.00
/RDQVWRHPSOR\HHV 183.76 183.76
Total Financial Assets - 8264.09 8264.09
Financial Liabilities
%RUURZLQJV 139882.65 139882.65
'HSRVLWVUHWHQWLRQPRQH\IURPFRQWUDFWRUVDQGRWKHUV 419.04 419.04
7RWDO¿QDQFLDOOLDELOLWLHV - 140301.69 140301.69
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Assets and liabilities which are measured at amortised cost Level 1 Level 2 Level 3 Total
for which fair values are disclosed
At 31st March, 2017
Financial Assets
,QYHVWPHQWV
%RQGV 2.55 2.55
/RDQV
/RDQVWR6XEVLGLDULHV 3607.95 3607.95
/RDQWR-RLQW9HQWXUHV
/RDQVWRHPSOR\HHV 195.27 195.27
Total Financial Assets - 3805.77 - 3805.77
Financial Liabilities
%RUURZLQJV 128946.98 128946.98
'HSRVLWVUHWHQWLRQPRQH\IURPFRQWUDFWRUVDQGRWKHUV 364.20 364.20
7RWDO¿QDQFLDOOLDELOLWLHV - 129311.18 - 129311.18
/HYHO/HYHOKLHUDUFK\LQFOXGHV¿QDQFLDOLQVWUXPHQWVPHDVXUHGXVLQJTXRWHGSULFHV7KLVLQFOXGHVOLVWHGHTXLW\ERQGVZKLFKDUHWUDGHG
LQWKHVWRFNH[FKDQJHVYDOXHGXVLQJWKHFORVLQJSULFHDVDWWKHUHSRUWLQJSHULRG
/HYHO,IRQHRUPRUHRIWKHVLJQL¿FDQWLQSXWVLVQRWEDVHGRQREVHUYDEOHPDUNHWGDWDWKHLQVWUXPHQWLVLQFOXGHGLQOHYHO7KLVLVWKH
FDVHIRUXQOLVWHGHTXLW\VHFXULWLHVFRQWLQJHQWFRQVLGHUDWLRQDQGLQGHPQL¿FDWLRQDVVHWVLQFOXGHGLQOHYHO
7KHUHDUHQRWUDQVIHUVEHWZHHQOHYHOVDQGGXULQJWKH\HDU7KHFRPSDQ\¶VSROLF\LVWRUHFRJQLVHWUDQVIHUVLQWRDQGWUDQVIHUVRXWRIIDLU
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242
Power Grid Corporation of India Limited - Annual Report 2017-18
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WKHXVHRITXRWHGPDUNHWSULFHVRUGHDOHUTXRWHVIRUVLPLODULQVWUXPHQWV
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$OORIWKHUHVXOWLQJIDLUYDOXHHVWLPDWHVDUHLQFOXGHGLQOHYHODSDUWIURPHTXLW\LQVWUXPHQWVRI37&,QGLD/LPLWHGZKLFKLVLQFOXGHGLQ/HYHO
IDLUYDOXHKLHUDUFK\
7KHIDLUYDOXHRI(QHUJ\(I¿FLHQF\6HUYLFHV/LPLWHGKDVEHHQGHWHUPLQHGE\PDNLQJTXDOLWDWLYHDGMXVWPHQWWRWUDGLQJPXOWLSOHVVXFKDV
3((9(%,7'$RIFRPSDUDEOHOLVWHGSULFHV7KHVDPHKDVEHHQLQFOXGHGLQ/HYHOIDLUYDOXHKLHUDUFK\
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31 March, 2018
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31 March, 2017
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Financial Assets
Investments
*RYHUQPHQW6HFXULWLHV
Loans
Financial Liabilities
7KHFDUU\LQJDPRXQWVRIWUDGHUHFHLYDEOHVWUDGHSD\DEOHVFDVKDQGFDVKHTXLYDOHQWVDQGRWKHUFXUUHQW¿QDQFLDOOLDELOLWLHVDUHFRQVLGHUHG
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)RU¿QDQFLDODVVHWVWKDWDUHPHDVXUHGDWIDLUYDOXHWKHFDUU\LQJDPRXQWVDUHHTXDOWRWKHIDLUYDOXHV
243
59. Related party Transactions
(a) Subsidiaries
3URSRUWLRQRI2ZQHUVKLS,QWHUHVW
1DPHRIHQWLW\ 3ODFHRIEXVLQHVV 31st March, 2018 31st March, 2017
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Power Grid Corporation of India Limited - Annual Report 2017-18
1DPH 'HVLJQDWLRQ
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6KUL-DJGLVK,VKZDU%KDL3DWHO ,QGHSHQGHQW'LUHFWRU
6KUL7VH7HQ'RUML ,QGHSHQGHQW'LUHFWRU
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7KH&RPSDQ\KDVEXVLQHVVWUDQVDFWLRQVZLWKRWKHUHQWLWLHVFRQWUROOHGE\WKH*2,IRUSURFXUHPHQWRIFDSLWDOHTXLSPHQWVSDUHVDQG
VHUYLFHV7UDQVDFWLRQVZLWKWKHVHHQWLWLHVDUHFDUULHGRXWDWPDUNHWWHUPVRQDUPVOHQJWKEDVLVWKURXJKDWUDQVSDUHQWSULFHGLVFRYHU\
SURFHVVDJDLQVWRSHQWHQGHUVH[FHSWLQDIHZFDVHVRISURFXUHPHQWRIVSDUHVVHUYLFHVIURP2ULJLQDO(TXLSPHQW0DQXIDFWXUHU2(0
IRUSURSULHWDU\LWHPVRURQVLQJOHWHQGHUEDVLVGXHWRXUJHQF\FRPSDWLELOLW\RURWKHUUHDVRQV6XFKVLQJOHWHQGHUSURFXUHPHQWVDUH
DOVRGRQHWKURXJKDSURFHVVRIQHJRWLDWLRQZLWKSULFHVEHQFKPDUNHGDJDLQVWDYDLODEOHSULFHGDWDRIVDPHVLPLODULWHPV
7KHDERYHWUDQVDFWLRQVDUHLQWKHFRXUVHRIQRUPDOGD\WRGD\EXVLQHVVRSHUDWLRQVDQGDUHQRWFRQVLGHUHGWREHVLJQL¿FDQWNHHSLQJ
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3DUWLFXODUV 31 March, 2018
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31 March, 2017
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Amount Payables
Joint Ventures & Subsidiary
&URVV%RUGHU3RZHU7UDQVPLVVLRQ&RPSDQ\/LPLWHG 11.12 9.53
7HHVWDYDOOH\3RZHU7UDQVPLVVLRQ/LPLWHG 30.92 30.78
1RUWK(DVW7UDQVPLVVLRQ&RPSDQ\/LPLWHG 7.86
3RZHUOLQNV7UDQVPLVVLRQ/LPLWHG 2.01
3RZHUJULG:DURUD7UDQVPLVVLRQ/LPLWHG6XEVLGLDU\ 0.14
Total payables to related parties 52.05 40.31
245
59. Related party Transactions (Contd.)
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3DUWLFXODUV 31 March, 2018
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31 March, 2017
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Amount Receivables
Subsidiaries
3RZHUJULG9HPDJLUL7UDQVPLVVLRQ/LPLWHG 19.39 19.39
3RZHUJULG107UDQVPLVVLRQ/LPLWHG 81.21 31.67
3RZHUJULG9L]DJ7UDQVPLVVLRQ/LPLWHG 0.16 16.31
3RZHUJULG8QFKDKDU7UDQVPLVVLRQ/LPLWHG - 3.52
3RZHUJULG.DOD$PE7UDQVPLVVLRQ/LPLWHG 1.08 9.37
3RZHUJULG-DEDOSXU7UDQVPLVVLRQ/LPLWHG 18.27 10.69
3RZHUJULG:DURUD7UDQVPLVVLRQ/LPLWHG 9.32 15.99
3RZHUJULG3DUOL7UDQVPLVVLRQ/LPLWHG 14.61 11.76
3RZHUJULG6RXWKHUQ,QWHUFRQQHFWRU7UDQVPLVVLRQ6\VWHP/WG 35.73 15.18
3RZHUJULG0HGLQLSXU-HHUDW7UDQVPLVVLRQ/LPLWHG 3.47 19.23
3RZHUJULG0LWKLODQFKDO7UDQVPLVVLRQ/LPLWHG 25.02
:5153RZHU7UDQVPLVVLRQ/LPLWHG 15.21
Joint Ventures
3DUEDWL.ROGDP7UDQVPLVVLRQ&RPSDQ\/LPLWHG 0.38 0.36
1RUWK(DVW7UDQVPLVVLRQ&RPSDQ\/LPLWHG - 5.22
1DWLRQDO+LJK3RZHU7HVW/DERUDWRU\3ULYDWH/LPLWHG 10.99 4.67
%LKDU*ULG&RPSDQ\/LPLWHG 7.50 4.92
.DOLQJD%LG\XW3UDVDUDQ1LJDP3ULYDWH/LPLWHG - 0.85
3RZHU7UDQVPLVVLRQ&RPSDQ\1HSDO/LPLWHG 1.43
5,1/3RZHUJULG7/73YW/WG - 0.08
3RZHUOLQNV7UDQVPLVVLRQ/LPLWHG - 0.97
-D\SHH3RZHUJULG/LPLWHG 0.02
7RUUHQW3RZHUJULG/LPLWHG 0.41
Total 244.20 170.18
Loans to Subsidiaries
3RZHUJULG107UDQVPLVVLRQ/LPLWHG 924.30 839.25
3RZHUJULG9L]DJ7UDQVPLVVLRQ/LPLWHG 708.43 720.33
3RZHUJULG8QFKDKDU7UDQVPLVVLRQ/LPLWHG 55.92 54.44
3RZHUJULG.DOD$PE7UDQVPLVVLRQ/LPLWHG 246.84 204.59
3RZHUJULG-DEDOSXU7UDQVPLVVLRQ/LPLWHG 967.00 204.06
3RZHUJULG:DURUD7UDQVPLVVLRQ/LPLWHG 1657.87 675.43
3RZHUJULG3DUOL7UDQVPLVVLRQ/LPLWHG 1476.58 445.39
3RZHUJULG6RXWKHUQ,QWHUFRQQHFWRU7UDQVPLVVLRQ6\VWHP/LPLWHG 1823.62 342.56
3RZHUJULG0HGLQLSXU-HHUDW7UDQVPLVVLRQ/LPLWHG 252.57
Total 8113.13 3486.05
246
Power Grid Corporation of India Limited - Annual Report 2017-18
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Other Related Parties 31 March, 2018
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31 March, 2017
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2XWVWDQGLQJEDODQFHVZLWK(PSOR\HHV%HQH¿W7UXVW
3RZHUJULG(PSOR\HHV*UDWXLW\)XQG7UXVW 109.59 56.67
Total 109.59 56.67
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3DUWLFXODUV For the year ended )RUWKH\HDUHQGHG
31st March, 2018 31st March, 2017
Services received by the Company
Subsidiaries
3RZHU6\VWHP2SHUDWLRQ&RUSRUDWLRQ/LPLWHG
- 9.22
Joint Ventures
(QHUJ\(I¿FLHQF\6HUYLFHV/LPLWHG
- 0.49
Total - 9.71
Services provided by the Company
Subsidiaries
3RZHU6\VWHP2SHUDWLRQ&RUSRUDWLRQ/LPLWHG - 5.91
3RZHUJULG3DUOL7UDQVPLVVLRQ/LPLWHG - 0.10
3RZHUJULG9HPDJLUL7UDQVPLVVLRQ/LPLWHG - 0.05
247
59. Related party Transactions (Contd.)
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3DUWLFXODUV For the year ended )RUWKH\HDUHQGHG
31st March, 2018 31st March, 2017
Joint Ventures
1DWLRQDO+LJK3RZHU7HVW/DERUDWRU\3ULYDWH/LPLWHG - 0.13
3RZHUOLQNV7UDQVPLVVLRQ/LPLWHG - 0.28
3RZHU7UDQVPLVVLRQ&RPSDQ\1HSDO/LPLWHG - 3.10
-D\SHH3RZHUJULG/LPLWHG 1.01 0.28
&URVV%RUGHU3RZHU7UDQVPLVVLRQ&RPSDQ\/LPLWHG 1.60 2.96
%LKDU*ULG&RPSDQ\/LPLWHG 13.84 0.12
3DUEDWL.ROGDP7UDQVPLVVLRQ&RPSDQ\/LPLWHG 0.05 0.37
7HHVWDYDOOH\3RZHU7UDQVPLVVLRQ/LPLWHG 0.17 0.58
1RUWK(DVW7UDQVPLVVLRQ&RPSDQ\/LPLWHG 6.53 8.12
7RUUHQW3RZHUJULG/WG 2.85 1.29
Total 26.05 23.29
Consultancy Income
Subsidiaries
3RZHUJULG8QFKDKDU7UDQVPLVVLRQ/LPLWHG 0.67 2.70
3RZHUJULG.DOD$PE7UDQVPLVVLRQ/LPLWHG 4.19 8.11
3RZHUJULG-DEDOSXU7UDQVPLVVLRQ/LPLWHG 32.18 11.39
3RZHUJULG:DURUD7UDQVPLVVLRQ/LPLWHG 46.62 29.92
3RZHUJULG3DUOL7UDQVPLVVLRQ/LPLWHG 40.91 22.68
3RZHUJULG6RXWKHUQ,QWHUFRQQHFWRU7UDQVPLVVLRQ6\VWHP/LPLWHG 85.67 11.92
3RZHUJULG107UDQVPLVVLRQ/LPLWHG 7.77 33.95
3RZHUJULG9L]DJ7UDQVPLVVLRQ/LPLWHG 4.93 27.74
3RZHUJULG0LWKLODQFKDO7UDQVPLVVLRQ/LPLWHG 6.06
3RZHUJULG0HGLQLSXU-HHUDW7UDQVPLVVLRQ/LPLWHG 21.51
Total 250.51 148.41
Interest on Loan
Subsidiaries
3RZHUJULG107UDQVPLVVLRQ/LPLWHG 71.48 62.32
3RZHUJULG9L]DJ7UDQVPLVVLRQ/LPLWHG 61.55 56.79
3RZHUJULG8QFKDKDU7UDQVPLVVLRQ/LPLWHG 4.47 3.94
3RZHUJULG.DOD$PE7UDQVPLVVLRQ/LPLWHG 17.46 5.93
3RZHUJULG-DEDOSXU7UDQVPLVVLRQ/LPLWHG 37.93 5.75
3RZHUJULG:DURUD7UDQVPLVVLRQ/LPLWHG 99.11 18.68
3RZHUJULG3DUOL7UDQVPLVVLRQ/LPLWHG 69.20 11.42
3RZHUJULG6RXWKHUQ,QWHUFRQQHFWRU7UDQVPLVVLRQ6\VWHP/LPLWHG 72.56 10.67
3RZHUJULG0HGLQLSXU-HHUDW7UDQVPLVVLRQ/LPLWHG 4.97
Joint Ventures
1DWLRQDO+LJK3RZHU7HVW/DERUDWRU\3ULYDWH/LPLWHG 0.01
Total 438.74 175.50
248
Power Grid Corporation of India Limited - Annual Report 2017-18
249
59. Related party Transactions (Contd.)
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3DUWLFXODUV For the year ended )RUWKH\HDUHQGHG
31st March, 2018 31st March, 2017
Recovery for Deputation of Employees
Joint Ventures
-D\SHH3RZHUJULG/LPLWHG 0.17 0.11
&URVV%RUGHU3RZHU7UDQVPLVVLRQ&RPSDQ\/LPLWHG 0.82
1RUWK(DVW7UDQVPLVVLRQ&RPSDQ\/LPLWHG 0.11
Total 1.10 0.11
&HDVHGWREHD6XEVLGLDU\ZHIQG-DQXDU\
&HDVHGWREHD-RLQW9HQWXUHZHIth$SULO
7KHORDQVWRNH\PDQDJHPHQWSHUVRQQHODUHRQWKHVDPHWHUPVDQGFRQGLWLRQVDVDSSOLFDEOHWRDOORWKHUHPSOR\HHV
$OORWKHUWUDQVDFWLRQVZHUHPDGHRQQRUPDOFRPPHUFLDOWHUPVDQGFRQGLWLRQVDQGDWPDUNHWUDWHV$OORXWVWDQGLQJEDODQFHVDUH
XQVHFXUHGDQGDUHUHSD\DEOHLQFDVK
/RDQVWR6XEVLGLDULHVDUHJLYHQRQFRVWWRFRVWEDVLV
Transaction in the capacity of Central Transmission Utility (CTU) with the related parties
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3DUWLFXODUV For the year ended )RUWKH\HDUHQGHG
31st March, 2018 31st March, 2017
Subsidiaries
3RZHUJULG9L]DJ7UDQVPLVVLRQ/LPLWHG 220.18 48.26
3RZHUJULG8QFKDKDU7UDQVPLVVLRQ/LPLWHG 5.05
Joint Ventures
3DUEDWL.ROGDP7UDQVPLVVLRQ&RPSDQ\/LPLWHG 178.83 162.46
7RUUHQW3RZHU*ULG/LPLWHG 46.46 52.71
3RZHUOLQNV7UDQVPLVVLRQ/LPLWHG 172.79 262.14
-D\SHH3RZHUJULG/LPLWHG 192.86 195.56
1RUWK(DVW7UDQVPLVVLRQ&RPSDQ\/LPLWHG 357.06 321.43
7HHVWDYDOOH\3RZHU7UDQVPLVVLRQ/LPLWHG 30.27 -
Total 1203.50 1042.56
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252
Operating Segments (Contd.) ලLQFURUH
Transmission Services Consultancy Services Telecom Services Elemination Total
Particulars As at 31st As at 31st As at 31st As at 31st As at 31st As at 31st As at 31st As at 31st As at 31st As at 31st
March, March, 2017 March, March, 2017 March, March, 2017 March, March, 2017 March, 2018 March, 2017
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8QDOORFDWHG,QWHUHVWDQG 652.32 375.72
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8QDOORFDWHG$VVHWV 43,768.75 45,516.47
Total Assets 212,905.75 194,679.46
6HJPHQW/LDELOLWLHV 8,644.29 7,722.37 2,395.04 2,361.41 541.17 654.16 11,580.50 10,737.94
8QDOORFDWHG2WKHU 146,910.29 134,134.27
/LDELOLWLHVLQFOXGLQJORDQV
Total liabilities 158,490.79 144,872.21
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
&RPSDQ\
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253
62. Contingent Liabilities and contingent assets (Contd.)
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31 March, 2017
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3DUWLFXODUV 31st March, 2018 31st March, 2017
/RQJWHUPGHEWලLQFURUH 130212.96 117197.91
(TXLW\ලLQFURUH 54414.96 49807.25
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31st March, 2017.
b) Dividends
254
Power Grid Corporation of India Limited - Annual Report 2017-18
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(a) Basic and diluted earnings per share attributable to the equity 31 March, 2018
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31 March, 2017
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Total basic and diluted earnings per share attributable to the equity 15.75 14.37
holders of the company
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(b) Reconciliation of earnings used as numerator in calculating earnings 31 March, 2018
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31 March, 2017
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per share
(DUQLQJVDWWULEXWDEOHWRWKHHTXLW\KROGHUVRIWKHFRPSDQ\LQFOXGLQJPRYHPHQW 8238.96 7520.15
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Total Earnings attributable to the equity holders of the company 8238.96 7520.15
255
65. Financial Risk Management
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256
Power Grid Corporation of India Limited - Annual Report 2017-18
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Financial assets for which loss allowance is measured using 12
months Expected Credit Losses (ECL)
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1RQFXUUHQW/RDQV 8253.12 3618.41
2WKHUQRQFXUUHQW¿QDQFLDODVVHWV 680.50 678.72
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257
65. Financial Risk Management (Contd.)
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Ageing Not 0-30 days 31-60 61-90 days 91-120 More than Total
due past due days past past due days past 120 days
due due past due
Gross carrying 5.57 1504.84 822.79 272.69 167.02 914.20 3687.11
amount as on 31st
March, 2018
*URVVFDUU\LQJ 28.58 1661.57 808.28 145.53 257.70 351.85 3253.51
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Particulars Trade Investments Loans Advances Claims Total
receivables recoverable
Balance as at 1st April, 2016 29.62 - - 19.39 - 49.01
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2017
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Balance as at 31st March, 48.15 - - 19.39 - 67.54
2018
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31 March, 2017
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258
Power Grid Corporation of India Limited - Annual Report 2017-18
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31st March, 2018
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7UDGHSD\DEOHV 240.34 240.34
2WKHU¿QDQFLDOOLDELOLWLHV 10265.31 459.60 10724.91
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31st March, 2017
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7UDGHSD\DEOHV 413.98 413.98
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/RQJ7HUP'HEWZLWKÀRDWLQJUDWHRILQWHUHVW
'RPHVWLF 17532.00 13356.00
)RUHLJQ 27771.63 26752.78
Sub Total 45303.63 40108.78
/RQJ7HUP'HEWZLWK¿[HGUDWHRILQWHUHVW
'RPHVWLF 77696.21 72361.84
)RUHLJQ 7213.12 4727.29
Sub Total 84909.33 77089.13
Total Long Term Debt 130212.96 117197.91
% of Floating Interest Rate Debt to Total Long Term Debt 34.79%
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Current Tax
&XUUHQWWD[RQSUR¿WVIRUWKH\HDU 2203.59 1988.45
$GMXVWPHQWVIRUFXUUHQWWD[RISULRUSHULRGV 15.34*
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'HFUHDVHLQFUHDVHLQGHIHUUHGWD[OLDELOLWLHV 19.38
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Power Grid Corporation of India Limited - Annual Report 2017-18
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3UR¿WEHIRUHLQFRPHWD[H[SHQVH 10476.85 9499.83
Tax at the Indian tax rate of 21.3416% (Previous Year – 21.3416 2235.93 2027.42
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3DUWLFXODUV Current Non- Total &XUUHQW 1RQ 7RWDO
current FXUUHQW
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1st April, 2017 2321.95 2363.30 (41.35)
6HUYLFHFRVW 71.41 71.41
,QWHUHVWH[SHQVHLQFRPH 174.15 217.78
Total 245.56 217.78 27.78
Remeasurements
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31st March, 2018 2624.17 2649.00 (24.83)
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31st March, 2018 31st March, 2017
3DUWLFXODUV
Quoted Unquoted Total In % 4XRWHG 8QTXRWHG 7RWDO ,Q
(TXLW\LQVWUXPHQWV(7) 14.84 - 14.84 1% 34.49 34.49
'HEWLQVWUXPHQWV
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368DQG3ULYDWH%RQGV 1056.47 - 1056.47 40% 997.75 997.75
%DQN%DODQFH 12.11 - 12.11 0% 9.65 9.65
2WKHU5HFHLYDEOHV 169.94 - 169.94 6% 60.27 60.27
Total 2649.00 - 2649.00 2363.30 - 2363.30
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31st March, 2018 427.96 185.44 584.58 1426.19 2624.17
31st
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Particulars Gratuity ODRB Leaves PRMF
Present Fair Net Present Fair Net Present Fair Net Present Fair Net
value of value amount value of value amount value of value amount value of value amount
obligation of plan obligation of obligation of obligation of plan
assets plan plan assets
assets assets
1st April, 2017 625.54 551.83 73.71 17.64 - 17.64 489.97 - 489.97 340.28 - 340.28
6HUYLFHFRVW 32.32 32.32 0.94 0.94 33.78 33.78 11.16 11.16
,QWHUHVWH[SHQVHLQFRPH 46.92 41.39 5.53 1.32 1.32 36.75 36.75 25.52 25.52
Total amount recog- 79.24 41.39 37.85 2.26 - 2.26 70.53 - 70.53 36.68 - 36.68
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31st March, 2018 631.48 579.51 51.97 18.43 - 18.43 354.94 - 354.94 386.66 - 386.66
265
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1st April, 2016 477.48 506.72 (29.24) 16.02 - 16.02 369.61 - 369.61 295.36 - 295.36
6HUYLFHFRVW 163.24 163.24 0.87 0.87 29.55 29.55 10.32 10.32
,QWHUHVWH[SHQVHLQFRPH 38.20 40.54 1.28 1.28 29.57 29.57 23.63 23.63
Total amount recognized 201.44 40.54 160.90 2.15 - 2.15 59.12 - 59.12 33.95 - 33.95
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Power Grid Corporation of India Limited - Annual Report 2017-18
Opinion
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Consolidated Balance Sheet as at 31 st
March, 2018
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1R 31st March, 2018 31st March, 2017
ASSETS
Non-current assets
3URSHUW\3ODQWDQG(TXLSPHQW 4 154831.38 136422.44
&DSLWDOZRUNLQSURJUHVV 5 37603.90 38187.00
,QYHVWPHQW3URSHUW\ 6 0.03 0.03
2WKHU,QWDQJLEOHDVVHWV 7 1366.86 1255.39
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,QYHVWPHQWVLQ-RLQW9HQWXUHVDFFRXQWHGIRUXVLQJWKHHTXLW\PHWKRG 9A 1095.19 1020.76
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/RDQV 10 139.99 132.36
2WKHUQRQFXUUHQW¿QDQFLDODVVHWV 11 866.35 808.95
2WKHUQRQFXUUHQWDVVHWV 12 5747.68 6516.58
201844.83 184562.55
Current assets
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7UDGHUHFHLYDEOHV 15 3640.02 3131.93
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/RDQV 18 46.88 39.82
2WKHUFXUUHQW¿QDQFLDODVVHWV 19 4737.23 3239.17
2WKHUFXUUHQWDVVHWV 20 504.50 300.85
12167.00 10974.85
Regulatory Deferral Account Balances 21 314.83 107.60
Total Assets 214326.66 195645.00
EQUITY AND LIABILITIES
Equity
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2WKHU(TXLW\ 23 49194.40 44633.91
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Current liabilities
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7UDGHSD\DEOHV 30 240.44 413.98
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Deferred Revenue 35 4967.41 4882.37
Total Equity and Liabilities 214326.66 195645.00
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Divya Tandon K. Sreekant I. S. Jha
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Consolidated Statement of Changes in Equity IRUWKHSHULRGHQGHG March, 2018
B. Other Equity
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Reserves and Surplus Other Comprehensive
Income
Particulars Securities Bond Self CSR General Retained Fair Value through Total
Premium Redemption Insurance Reserve Reserve Earnings Other Comprehensive
Account Reserve Reserve Income Equity
Investment
Balance at 1st April, 2017 9,578.29 8,095.83 677.79 123.38 23,312.01 2,742.85 103.76 44,633.91
3UR¿WIRUWKH\HDU 8,198.31 8,198.31
2WKHU&RPSUHKHQVLYH,QFRPH 26.54 13.62
Total Comprehensive Income 8,224.85 (12.92) 8,211.93
Adjustments during the year
7UDQVIHUWR*HQHUDO5HVHUYH 3,500.00
7UDQVIHUWR%RQGUHGHPSWLRQUHVHUYH 2,104.08
7UDQVIHUIURP%RQG5HGHPSWLRQ5HVHUYH 1,012.33
7UDQVIHUWR6HOI,QVXUDQFH5HVHUYH 228.63
7UDQVIHUIURP6HOI,QVXUDQFH5HVHUYH 167.86 0.96
7UDQVIHUIURP&655HVHUYH 0.05
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Balance at 31st March, 2018 9,578.29 9,187.58 737.60 123.33 26,988.99 2,487.77 90.84 49,194.40
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Investment
%DODQFHDWst$SULO 9,578.29 6,893.16 484.47 135.53 21,312.00 270.09 64.80 38,738.34
3UR¿WIRUWKH\HDU 7,450.73 7,450.73
2WKHU&RPSUHKHQVLYH,QFRPH 10.88 38.96 49.84
Total Comprehensive Income 7,461.61 38.96 7,500.57
Adjustments during the year
7UDQVIHUWR*HQHUDO5HVHUYH 2,000.00 0.00
7UDQVIHUWR%RQGUHGHPSWLRQUHVHUYH 2,004.95 0.00
7UDQVIHUIURP%RQG5HGHPSWLRQ5HVHUYH 802.28 0.00
7UDQVIHUWR6HOI,QVXUDQFH5HVHUYH 194.17 0.00
7UDQVIHUIURP6HOI,QVXUDQFH5HVHUYH 0.85 0.00
7UDQVIHUIURP&655HVHUYH 12.15 0.00
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Power Grid Corporation of India Limited - Annual Report 2017-18
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3DUWLFXODUV For the year ended )RUWKH\HDUHQGHG
31st March, 2018 31st March, 2017
A. CASH FLOW FROM OPERATING ACTIVITIES
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7UDQVIHUIURP*UDQWVLQ$LG (12.13)
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'HIHUUHG)RUHLJQ&XUUHQF\)OXFWXDWLRQ$VVHW 240.75 852.86
'HIHUUHG,QFRPHIURP)RUHLJQ&XUUHQF\)OXFWXDWLRQ (203.50)
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16,193.53 13,671.10
2SHUDWLQJSUR¿WEHIRUH&KDQJHVLQ$VVHWVDQG/LDELOLWLHV 26,587.32 23,128.10
Adjustment for Changes in Assets and Liabilities:
,QFUHDVH'HFUHDVHLQ,QYHQWRULHV (163.46)
,QFUHDVH'HFUHDVHLQ7UDGH5HFHLYDEOHV (523.83)
,QFUHDVH'HFUHDVHLQ)LQDQFLDO$VVHWV (2,151.34) 274.65
,QFUHDVH'HFUHDVHLQ2WKHU1RQFXUUHQW$VVHWV 57.95
,QFUHDVH'HFUHDVHLQ2WKHU&XUUHQW$VVHWV (196.47) 587.58
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B. CASH FLOW FROM INVESTING ACTIVITIES
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Notes:
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1. Group Information
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296
Note 4/Property, Plant and Equipment
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Cost Accumulated depreciation Net Book Value
As at 1st Additions Disposal Adjustment As at 31st As at 1st Additions Disposal Adjustment As at 31st As at 31st As at 31st
Particulars April, 2017 during the during the March, April, during the during the March, March, March,
year year 2018 2017 year year 2018 2018 2017
Land
D)UHHKROG 2,091.04 136.91 7.70 2,220.25 2,220.25 2,091.04
E/HDVHKROG 250.05 60.27 319.39 19.13 11.02 31.25 288.14 230.92
Buildings
D6XE6WDWLRQV 2I¿FH 869.91 434.32 7.84 1,296.39 57.98 46.01 0.18 103.81 1,192.58 811.93
E7RZQVKLS 441.96 72.98 514.94 41.91 21.84 63.75 451.19 400.05
7HPSRUDU\(UHFWLRQ 0.84 0.11 0.95 0.83 0.10 0.94 0.01 0.01
5RDGV %ULGJHV 154.50 9.40 163.90 15.12 6.87 21.99 141.91 139.38
:DWHU6XSSO\'UDLQDJH 92.91 4.51 97.42 8.65 4.22 12.87 84.55 84.26
6HZHUDJH
Plant & Equipment
D7UDQVPLVVLRQ 98,360.95 14,211.67 124.10 113.90 112,334.62 9,101.39 5,953.73 55.27 15,022.65 97,311.97 89,259.56
E6XEVWDWLRQ 45,964.55 12,506.02 54.25 58,527.96 4,483.20 3,072.88 15.19 7,548.71 50,979.25 41,481.35
F8QL¿HG/RDG'HVSDWFK 605.43 137.97 760.00 90.21 52.26 150.35 609.65 515.22
&RPPXQLFDWLRQ
G7HOHFRP 918.87 153.39 15.11 1,057.15 193.00 104.60 7.73 289.87 767.28 725.87
)XUQLWXUH)L[WXUHV 98.31 12.27 0.44 0.05 110.09 12.54 8.11 0.27 20.55 89.54 85.77
9HKLFOHV 2.74 0.59 3.33 0.66 0.45 1.11 2.22 2.08
2I¿FHHTXLSPHQW 132.64 96.53 0.43 38.48 190.26 15.34 11.60 0.25 27.18 163.08 117.30
(OHFWURQLF'DWD3URFHVVLQJ 74.33 17.61 0.33 0.08 91.53 36.02 19.80 0.28 56.29 35.24 38.31
:RUG3URFHVVLQJ
0DFKLQHV
&RQVWUXFWLRQDQG 248.34 38.37 0.38 286.33 26.05 16.50 0.23 42.32 244.01 222.29
:RUNVKRSHTXLSPHQW
(OHFWULFDO,QVWDOODWLRQ 82.34 7.50 93.06 11.59 5.81 17.59 75.47 70.75
/DERUDWRU\(TXLSPHQWV 41.74 3.83 0.11 45.46 6.45 3.08 9.53 35.93 35.29
:RUNVKRS 7HVWLQJ 120.31 35.67 0.20 0.01 155.77 7.56 7.54 0.17 14.95 140.82 112.75
(TXLSPHQWV
0LVFHOODQHRXV$VVHWV 0.05 0.01 0.04 0.01 0.01 0.03 0.05
(TXLSPHQWV
Total 150,551.81 27,939.92 180.25 42.64 178,268.84 14,127.63 9,346.43 71.66 (33.32) 23,435.72 154,833.12 136,424.18
/HVV3URYLVLRQIRUDVVHWV 1.74 1.74 1.74 1.74
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Grand Total 150,550.07 27,939.92 180.25 42.64 178,267.10 14,127.63 9,346.43 71.66 (33.32) 23,435.72 154,831.38 136,422.44
297
Power Grid Corporation of India Limited - Annual Report 2017-18
298
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Cost Accumulated depreciation Net Book Value
As at 1st Additions Disposal Adjustment As at 31st As at 1st Additions Disposal Adjustment As at 31st As at 31st As at 31st
Particulars April, 2016 during the during the March, 2017 April, 2016 during the during the March, March, 2017 March, 2016
year year year year 2017
Land
D)UHHKROG 2,002.83 86.12 2,091.04 2,091.04 2,002.83
E/HDVHKROG 237.14 12.91 250.05 9.44 9.69 19.13 230.92 227.70
F2WKHUV
Buildings
D6XE6WDWLRQV 677.69 176.31 4.07 869.91 25.13 34.14 0.15 1.14 57.98 811.93 652.56
2I¿FH
E7RZQVKLS 409.79 32.67 0.50 441.96 20.70 21.23 0.02 41.91 400.05 389.09
7HPSRUDU\(UHFWLRQ 0.40 0.44 0.84 0.39 0.44 0.83 0.01 0.01
5RDGV %ULGJHV 143.36 11.14 154.50 7.42 8.23 0.53 15.12 139.38 135.94
:DWHU6XSSO\'UDLQDJH 81.73 11.19 0.01 92.91 4.13 4.52 8.65 84.26 77.60
6HZHUDJH
Plant & Equipment
D7UDQVPLVVLRQ 79,262.98 19,463.79 27.77 338.05 98,360.95 4,053.86 5,009.46 29.09 9,101.39 89,259.56 75,209.12
E6XEVWDWLRQ 35,721.54 10,529.89 3.85 283.03 45,964.55 2,015.64 2,508.97 5.18 36.23 4,483.20 41,481.35 33,705.90
F8QL¿HG/RDG 485.44 122.33 2.34 605.43 39.83 50.38 90.21 515.22 445.61
'HVSDWFK
&RPPXQLFDWLRQ
G7HOHFRP 834.94 83.23 918.87 96.34 96.67 0.12 193.00 725.87 738.60
)XUQLWXUH)L[WXUHV 78.32 20.51 0.65 98.31 5.37 7.21 0.04 12.54 85.77 72.95
9HKLFOHV 1.86 0.88 2.74 0.32 0.34 0.66 2.08 1.54
2I¿FHHTXLSPHQW 97.61 35.19 0.18 132.64 6.42 8.94 0.03 15.34 117.30 91.19
(OHFWURQLF'DWD 42.16 32.68 0.53 74.33 19.94 16.38 0.24 0.06 36.02 38.31 22.22
3URFHVVLQJ :RUG
3URFHVVLQJ0DFKLQHV
&RQVWUXFWLRQDQG 210.87 36.98 248.34 12.09 13.97 0.01 26.05 222.29 198.78
:RUNVKRSHTXLSPHQW
(OHFWULFDO,QVWDOODWLRQ 79.97 1.91 82.34 5.81 5.79 0.06 11.59 70.75 74.16
/DERUDWRU\(TXLSPHQWV 38.96 2.78 41.74 3.24 3.21 6.45 35.29 35.72
:RUNVKRS 7HVWLQJ 66.07 55.56 1.55 120.31 2.26 5.31 0.14 7.56 112.75 63.81
(TXLSPHQWV
0LVFHOODQHRXV$VVHWV 0.05 0.05 0.05 0.05
(TXLSPHQWV
Total 120,473.71 30,716.51 39.10 599.31 150,551.81 6,328.33 7,804.88 35.08 (29.50) 14,127.63 136,424.18 114,145.38
/HVV3URYLVLRQIRU 1.74 1.74 1.74 1.74
DVVHWVGLVFDUGHG
Grand Total 120,471.97 30,716.51 39.10 599.31 150,550.07 6,328.33 7,804.88 35.08 (29.50) 14,127.63 136,422.44 114,143.64
Power Grid Corporation of India Limited - Annual Report 2017-18
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299
Note 5/Capital work in progress
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3DUWLFXODUV As at $GGLWLRQVGXULQJ $GMXVWPHQWV &DSLWDOLVHG As at
1st$SULO WKH\HDU GXULQJWKH\HDU 31st March, 2018
Land
'HYHORSPHQWRIODQG 25.19 60.84 0.01 75.24 10.78
Buildings
D6XE6WDWLRQV 2I¿FH 394.86 157.30 362.40 189.76
E7RZQVKLS 67.59 64.83 35.42 97.00
5RDGV %ULGJHV 20.46 7.60 9.40 18.66
:DWHU6XSSO\'UDLQDJHDQG6HZHUDJH 3.06 0.16 3.22
Plant & Equipments (including
associated civil works)
D7UDQVPLVVLRQ 16,608.47 13,109.54 0.73 12,967.32 16,749.96
E6XE6WDWLRQ 8,278.04 10,517.25 0.37 11,106.73 7,688.19
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QL¿HG/RDG'HVSDWFK 375.00 233.37 6.11 137.97 464.29
&RPPXQLFDWLRQ
G7HOHFRP 66.99 69.86 89.95 46.90
2WKHURI¿FHHTXLSPHQWV 6.49 4.25 1.86 8.88
(OHFWULFDO,QVWDOODWLRQV 0.55 1.77 1.39 0.93
&RQVWUXFWLRQ6WRUHV1HWRI3URYLVLRQ 8,589.34 695.45 563.24 8,721.55
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L6XUYH\ LQYHVWLJDWLRQ FRQVXOWDQF\ 23.53 14.40 4.63 33.30
VXSHUYLVLRQ&KDUJHV
LL'LIIHUHQFH LQ ([FKDQJH RQ IRUHLJQ 69.49 170.00 51.60 187.89
FXUUHQF\ORDQV
LLL([SHQGLWXUH GXULQJ FRQVWUXFWLRQ 3,661.58 2,662.40 131.38 2,807.75 3,384.85
SHULRGQHW1RWH
38,190.64 27,769.02 701.84 27,651.66 37,606.16
/HVV3URYLVLRQIRUXQVHUYLFHDEOH$VVHWV 3.64 1.38 2.26
Grand Total 38,187.00 27,769.02 700.46 27,651.66 37,603.90
300
Power Grid Corporation of India Limited - Annual Report 2017-18
301
Note 5/Capital work in progress (Contd.)
'HWDLOVRI&RQVWUXFWLRQVWRUHV$WFRVW
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3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
&RQVWUXFWLRQ6WRUHV
7RZHUV 1781.73 1891.39
&RQGXFWRUV 2999.57 2585.46
2WKHU/LQH0DWHULDOV 655.26 913.86
6XE6WDWLRQ(TXLSPHQWV 2015.15 2048.04
+LJK9ROWDJH'LUHFW&XUUHQW+9'&(TXLSPHQWV 704.51 708.37
8QL¿HG/RDG'HVSDWFK &RPPXQLFDWLRQ8/'&0DWHULDOV 401.21 260.37
7HOHFRP0DWHULDOV 37.54 27.32
2WKHUV 126.58 154.54
8721.55 8589.35
/HVV3URYLVLRQIRUVKRUWDJHVDQGREVROHWHPDWHULDO - 0.01
TOTAL 8721.55 8589.34
Construction Stores include:
i) Material in transit
7RZHUV 3.84 1.67
&RQGXFWRUV - 4.42
2WKHU/LQH0DWHULDOV 12.48 18.63
6XE6WDWLRQ(TXLSPHQWV 158.41 345.57
+LJK9ROWDJH'LUHFW&XUUHQW+9'&(TXLSPHQWV 45.22
8QL¿HG/RDG'HVSDWFK &RPPXQLFDWLRQ8/'&0DWHULDOV - 8.65
2WKHUV 2.35 63.09
Total 222.30 442.03
ii) Material with Contractors
7RZHUV 1775.76 1848.76
&RQGXFWRUV 2999.46 2551.44
2WKHU/LQH0DWHULDOV 642.45 888.22
6XE6WDWLRQ(TXLSPHQWV 1856.73 1664.50
+LJK9ROWDJH'LUHFW&XUUHQW+9'&(TXLSPHQWV 659.29 708.37
8QL¿HG/RDG'HVSDWFK &RPPXQLFDWLRQ8/'&0DWHULDOV 401.22 251.71
7HOHFRP0DWHULDOV 37.54 27.32
2WKHUV 124.24 90.10
Total 8496.69 8030.42
Grand total 8718.99 8472.45
Further Notes:
302
Note 6/Investment Property
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Cost Accumulated Amortisation Net Book Value
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Cost Accumulated Amortisation Net Book Value
303
Power Grid Corporation of India Limited - Annual Report 2017-18
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For the year ended )RUWKH\HDUHQGHG
31st March, 2018 31st March, 2017
5HQWDOLQFRPH 0.80 0.64
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'LUHFWRSHUDWLQJH[SHQVHVIURPSURSHUW\WKDWGLGQRWJHQHUDWHUHQWDOLQFRPH -
3UR¿WIURPLQYHVWPHQWSURSHUW\EHIRUHGHSUHFLDWLRQ 0.80 0.64
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3UR¿WIURPLQYHVWPHQWSURSHUW\ 0.80 0.64
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31 March, 2018
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31 March, 2017
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31 March, 2018*
st
31 March, 2017
st
:LWKLQRQH\HDU - 0.83
/DWHUWKDQRQH\HDUEXWQRWODWHUWKDQ\HDUV - 0.91
/DWHUWKDQ\HDUV
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31st March, 2018 31st March, 2017
,QYHVWPHQWSURSHUW\ 2.98 2.87
7KHIDLUYDOXHVRILQYHVWPHQWSURSHUW\KDVEHHQGHWHUPLQHGE\LQGHSHQGHQWYDOXHU7KHPDLQLQSXWVXVHGDUHWKHUHQWDOJURZWK
UDWHVH[SHFWHGYDFDQF\UDWHVWHUPLQDO\LHOGVDQGGLVFRXQWUDWHVEDVHGRQFRPSDUDEOHWUDQVDFWLRQVDQGLQGXVWU\GDWD$OOUHVXOWLQJ
IDLUYDOXHHVWLPDWHVIRULQYHVWPHQWSURSHUW\DUHLQFOXGHGLQOHYHO
304
Note 7/Other Intangible assets
ලLQFURUH
3DUWLFXODUV Cost Accumulated Amortisation Net Book Value
As at $GGLWLRQV 'LVSRVDO $GMXVWPHQW As at As at $GGLWLRQV 'LVSRVDO $GMXVWPHQW As at As at As at
1st$SULO GXULQJWKH GXULQJWKH 31st March, 1st$SULO GXULQJWKH GXULQJWKH 31st March, 31st March, 31st March,
2017 \HDU \HDU 2018 2017 \HDU \HDU 2018 2018 2017
(OHFWURQLF'DWD 42.21 4.68 46.98 30.21 11.96 42.17 4.81 12.00
3URFHVVLQJ
6RIWZDUH
5LJKWRI:D\ 1,297.34 211.73 5.85 1,503.22 118.44 81.96 200.40 1,302.82 1,178.90
$IIRUHVWDWLRQ
([SHQVHV
7HOHFRP/LFHQVHV 2.50 2.80 2.50 2.80 1.37 0.13 1.37 0.13 2.67 1.13
'HYHORSPHQWRI 69.41 69.57 6.05 6.96 13.01 56.56 63.36
.976
Total 1,411.46 219.21 2.50 5.60 1,622.57 156.07 101.01 1.37 - 255.71 1,366.86 1,255.39
,QWHUQDOO\JHQHUDWHGLQWDQJLEOHDVVHW
ලLQFURUH
3DUWLFXODUV Cost Accumulated Amortisation Net Book Value
As at $GGLWLRQV 'LVSRVDO $GMXVWPHQW As at As at $GGLWLRQV 'LVSRVDO $GMXVWPHQW As at As at As at
1st$SULO GXULQJ GXULQJWKH 31st March, 1st$SULO GXULQJWKH GXULQJWKH 31st March, 31st March, 31st March,
2016 WKH\HDU \HDU 2017 2016 \HDU \HDU 2017 2017 2016
(OHFWURQLF'DWD 36.97 5.24 42.21 14.67 15.54 30.21 12.00 22.30
3URFHVVLQJ
6RIWZDUH
5LJKWRI:D\ 981.78 315.63 0.07 1,297.34 53.54 64.97 0.07 118.44 1,178.90 928.24
$IIRUHVWDWLRQ
([SHQVHV
1/'/LFHQFH 2.50 0.12 1.37 1.13
'HYHORSPHQWRI 69.41 69.41 6.05 6.05 63.36
.976
Total 1,018.75 390.28 - (2.43) 1,411.46 68.21 86.68 - (1.18) 156.07 1,255.39 950.54
,QWHUQDOO\JHQHUDWHGLQWDQJLEOHDVVHW
305
Power Grid Corporation of India Limited - Annual Report 2017-18
ලLQFURUH
3DUWLFXODUV As at $GGLWLRQV $GMXVWPHQWV &DSLWDOLVHG As at
1st$SULO GXULQJWKH\HDU 31st March, 2018
(OHFWURQLF'DWD3URFHVVLQJ6RIWZDUH 0.07 1.77 1.84 -
5LJKWRI:D\$IIRUHVWDWLRQH[SHQVHV 61.39 90.70 87.42 64.67
ලLQFURUH
3DUWLFXODUV As at $GGLWLRQV $GMXVWPHQWV &DSLWDOLVHG As at
1st$SULO GXULQJWKH\HDU 31st March, 2017
(OHFWURQLF'DWD3URFHVVLQJ6RIWZDUH 1.46 1.64 0.09 2.94 0.07
5LJKWRI:D\$IIRUHVWDWLRQH[SHQVHV 92.20 66.00 96.81 61.39
'HYHORSPHQWRI.976 78.46 13.32 6.49 69.41 15.88
Total 172.12 80.96 6.58 169.16 77.34
Note 9A/Investment in Joint Ventures accounted for using the equity method
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
Investments in Equity Instruments (fully paid up)
Unquoted
Joint Venture Companies
7RUUHQW3RZHU*ULG/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 34.00 26.48
-D\SHH3RZHUJULG/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 103.64 94.43
3DUEDWL.ROGDP7UDQVPLVVLRQ&RPSDQ\/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 96.32 92.70
7HHVWDYDOOH\3RZHU7UDQVPLVVLRQ/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 93.82 93.65
3RZHUOLQNV7UDQVPLVVLRQ/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 422.86 408.69
1RUWK(DVW7UDQVPLVVLRQ&RPSDQ\/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 115.10 98.45
1DWLRQDO+LJK3RZHU7HVW/DERUDWRU\3ULYDWH/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 27.83 29.97
&URVV%RUGHU3RZHU7UDQVPLVVLRQ&RPSDQ\/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 20.57 18.19
.DOLQJD%LG\XW3UDVDUDQ1LJDP3ULYDWH/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK5HIHUIXUWKHUQRWHEHORZ 0.01 0.01
/HVV3URYLVLRQIRUGLPLQXWLRQLQWKHYDOXHRI,QYHVWPHQW 0.01 0.01
-
306
Power Grid Corporation of India Limited - Annual Report 2017-18
Note 9A/Investment in Joint Ventures accounted for using the equity method (Contd.)
Further notes:
32:(5*5,'¶V %RDUG RI 'LUHFWRUV LQ LWV PHHWLQJ KHOG RQ th DXJXVW DFFRUGHG DSSURYDO IRU LQLWLDWLQJ SURFHGXUH IRU ZLQGLQJ XS
UHPRYDORIWKHQDPHRI.DOLQJD%LG\XW3UDVDUDQ1LJDP3ULYDWH/WGXQGHUIDVWWUDFN([LWPRGHRI5HJLVWUDURI&RPSDQLHV52&3URYLVLRQ
IRUGLPLQXWLRQLQWKHYDOXHRI,QYHVWPHQWRIලFURUHKDGEHHQPDGHLQWKHSUHYLRXV\HDU
1XPEHURIVKDUHVDVDWst0DUFKRI3RZHU7UDQVPLVVLRQ&RPSDQ\1HSDO/LPLWHGGRHVQRWLQFOXGHERQXVVKDUHVGHFODUHG
LQWKH$QQXDO*HQHUDO0HHWLQJKHOGRQth-DQXDU\DQGDOORWWHGDIWHUst March 2018
Note 9/Investment
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
Investments in Equity Instruments (fully paid up)
Quoted
Investments at Fair Value through Other Comprehensive Income (OCI)
37&,QGLD/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 104.88 112.08
Unquoted
Investments at Fair Value through Other Comprehensive Income (OCI)
(QHUJ\(I¿FLHQF\6HUYLFHV/LPLWHG
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFK 23.90 29.62
Unquoted
Investments at Cost (fully Paidup)
Others
3UHYLRXV<HDU(TXLW\6KDUHVRIලHDFKLQ(PSOR\HHV&RRS6RFLHW\/LPLWHG
5RXUNHODල
3UHYLRXV<HDUVKDUHRIලHDFKLQ%KDUDW%URDGEDQG1HWZRUN/LPLWHGල
TOTAL 128.78 141.70
307
Note 9/Investment (Contd.)
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
Further notes:
D $JJUHJDWHDPRXQWRI4XRWHG,QYHVWPHQWV
$W&RVW 12.00 12.00
0DUNHW9DOXH 104.88 112.08
E $JJUHJDWHDPRXQWRI8QTXRWHG,QYHVWPHQWV 23.90 29.62
F $JJUHJDWHDPRXQWRILPSDLUPHQWLQYDOXHRI,QYHVWPHQW
,QYHVWPHQWVKDYHEHHQYDOXHGDVSHUDFFRXQWLQJSROLF\QR
Further notes:
'HWDLOVRIORDQVWRUHODWHGSDUWLHVDUHSURYLGHGLQ1RWH
Further notes:
%DQNGHSRVLWLVDJDLQVWGHVLJQDWHGDFFRXQWVIRUFRQVXOWDQF\ZRUN
'HWDLOVRIDGYDQFHVWRUHODWHGSDUWLHVDUHSURYLGHGLQQRWH
308
Power Grid Corporation of India Limited - Annual Report 2017-18
Note 13/Inventories
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
(For mode of valuation refer Note 2.11)
&RPSRQHQWV6SDUHV RWKHUVSDUHSDUWV 1057.90 902.26
/RRVHWRROV 21.61 12.23
&RQVXPDEOHVWRUHV 8.15 9.71
1087.66 924.20
/HVV3URYLVLRQIRU6KRUWDJHVGDPDJHVHWF 38.31 17.25
TOTAL 1049.35 906.95
Inventories includes material in transit
&RPSRQHQWV6SDUHV RWKHUVSDUHSDUWV 3.75 19.93
309
Note 14/Investments
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
Government Securities (Unquoted at Cost)
Investments at Cost (Fully paid up)
IXOO\SDLGXS6WDWH*RYW%RQGVXQGHURQHWLPHVHWWOHPHQWVFKHPHUHGHHPDEOHLQ - 2.50
KDOI\HDUO\LQVWDOPHQWV
TOTAL - 2.50
Further notes:
D $JJUHJDWHDPRXQWRIXQTXRWHG,QYHVWPHQWV
%RRNYDOXH - 2.50
310
Power Grid Corporation of India Limited - Annual Report 2017-18
Note 17/ Bank Balances other than Cash & cash equivalents
Note 18/Loans
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
Loans to Related Parties**
/RDQVWR-RLQW9HQWXUH8QVHFXUHG 6.00
/RDQWR'LUHFWRUV .H\0DQDJHULDO3HUVRQQHO.03
6HFXUHG - 0.06
8QVHFXUHG&RQVLGHUHGJRRG 0.04 0.01
6.04 0.07
Loans to Employees (including interest accrued)
6HFXUHG 21.63 22.28
8QVHFXUHG&RQVLGHUHGJRRG 19.21 12.79
40.84 35.07
2WKHUV - 4.68
TOTAL 46.88 39.82
Further notes:
'HWDLOVRIORDQVWRUHODWHGSDUWLHVDUHSURYLGHGLQ1RWH1R
311
Note19/Other Current Financial Assets (Contd.)
Further notes:
8QELOOHGUHYHQXHLQFOXGHVWUDQVPLVVLRQFKDUJHVIRUWKHPRQWKRI0DUFKLQWKH¿QDQFLDO\HDUDPRXQWLQJWRලFURUH3UHYLRXV<HDU
ලFURUHELOOHGWREHQH¿FLDULHVLQWKHPRQWKRI$SULORIVXEVHTXHQW¿QDQFLDO\HDU
$JDLQVW WKH XQELOOHG UHYHQXH DFFRXQWHG GXULQJ WKH )< WRZDUGV UHYHQXH UHFRJQLVHG DJDLQVW WKH FRPPLVVLRQLQJ RI .9 '&
1DJDSDWWLQDP6DOHPWUDQVPLVVLRQOLQHSURYLVLRQIRUXQELOOHGUHYHQXHKDVEHHQFUHDWHGIRUWKHVDPHDPRXQWGXULQJWKHFXUUHQW)<LQ
OLQHZLWKWKH&(5&RUGHUGW0DU7KHRUGHUSURYLGHVWKDWWKH3107/LVHQWLWOHGIRUWDULIIIRUWKHHQWLUHWUDQVPLVVLRQV\VWHPDIWHUWKH
N96&6DOHP0DGKXJLUL7UDQVPLVVLRQ/LQHLVSXWXQGHUFRPPHUFLDORSHUDWLRQ+RZHYHU3107/KDV¿OHGDUHYLHZSHWLWLRQIRUPRGL¿FDWLRQ
RIWKHDERYHRUGHURI&(5&
,QWHUHVWDFFUXHGRQ2WKHUVLQFOXGHVDFFUXHGLQWHUHVWRQDGYDQFHWRFRQWUDFWRUV
'HWDLOVRIDGYDQFHVWRUHODWHGSDUWLHVDUHSURYLGHGLQ1RWH
2WKHUV LQFOXGH DPRXQW UHFRYHUDEOH IURP &XVWRPHUV $GYDQFH UHQW IRU 5HVLGHQWLDO DQG 2I¿FH DFFRPPRGDWLRQ $GYDQFH WR 3) 7UXVW DQG
*UDWXLW\7UXVW2WKHUDGYDQFHHWF
Further Note:
5HIHUWRQRWHQRIRUGHWDLOHGGLVFORVXUHRQ5HJXODWRU\'HIHUUDO$FFRXQW%DODQFHV
312
Power Grid Corporation of India Limited - Annual Report 2017-18
7KH&RPSDQ\KDVRQO\RQHFODVVRIHTXLW\VKDUHVKDYLQJDSDUYDOXHRIලSHUVKDUH
7KHKROGHUVRIHTXLW\VKDUHVDUHHQWLWOHGWRUHFHLYHGLYLGHQGVDVGHFODUHGIURPWLPHWRWLPHDQGWRYRWLQJULJKWVSURSRUWLRQDWHWRWKHLU
VKDUHKROGLQJDWPHHWLQJVRIWKH6KDUHKROGHUV
6KDUHKROGHUVKROGLQJPRUHWKDQHTXLW\VKDUHVRIWKH&RPSDQ\
313
Note 23/Other Equity (Contd.)
%RQGV5HGHPSWLRQ5HVHUYHLVFUHDWHGIRUWKHSXUSRVHRIUHGHPSWLRQRIGHEHQWXUHVLQWHUPRIWKH&RPSDQLHV$FW
23.3 Self Insurance Reserve
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
%DODQFHDWWKHEHJLQQLQJRIWKH\HDU 677.79 484.47
$GGLWLRQGXULQJWKH\HDU 228.63 194.17
'HGXFWLRQGXULQJWKH\HDU 168.82 0.85
Balance at the end of the year 737.60 677.79
314
Power Grid Corporation of India Limited - Annual Report 2017-18
315
Note 24/ Borrowings (Contd.)
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
LLL %RQGV RI ල /DNKV HDFK FRQVLVWLQJ RI 67533V RI ල /DNKV HDFK
UHGHHPDEOHDWSDULQ7KUHHHTXDOLQVWDOPHQWVRQ
DQG
LII Issue-8.32% redeemable w.e.f. 23.12.2020 1396.94 1396.75
LY %RQGVRIලFURUHHDFKFRQVLVWLQJRI67533VRIල/DNKVHDFK
UHGHHPDEOHDWSDULQWZHOYHHTXDOLQVWDOPHQWV
LIII Issue-8.13% Redeemable w.e.f 25.04.2020 3995.46 3993.89
Y %RQGV RI ල /DNKV HDFK FRQVLVWLQJ RI 67533V RI ල /DNKV HDFK
UHGHHPDEOH DW SDU LQ 7KUHH HTXDO LQVWDOPHQWV RQ
DQG
XLIX Issue-8.15% redeemable w.e.f. 09.03.2020 1304.60 1304.38
th
YL %RQGVRIලFURUHHDFKUHGHHPDEOHDWSDUDWWKHHQGRI \HDU
2900 Bonds - 8.90% redeemable on 05.03.2020 290.00 290.00
YLL %RQGV RI ල /DNKV HDFK FRQVLVWLQJ RI 67533V RI ල /DNKV HDFK
UHGHHPDEOHDWSDULQ)RXUHTXDOLQVWDOPHQWVRQ
DQG
XLVIII Issue-8.20% redeemable w.e.f. 23.01.2020 2578.64 2578.29
YLLL %RQGVRIලFURUHHDFKFRQVLVWLQJRI67533VRIල/DNKVHDFK
UHGHHPDEOHDWSDULQ7ZHOYHHTXDOLQVWDOPHQWV
LI Issue-8.40% redeemable w.e.f. 14.09.2019 2997.62 2996.74
L[ %RQGV RI ල /DNKV HDFK FRQVLVWLQJ RI 67533V RI ල /DNKV HDFK
UHGHHPDEOH DW SDU LQ 7KUHH HTXDO LQVWDOPHQWV RQ
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XLVI Issue-9.30% redeemable w.e.f. 04.09.2019 4357.52 4357.74
[ %RQGVRIලFURUHHDFKFRQVLVWLQJRI67533VRIල/DNKVHDFK
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L Issue-8.40% redeemable w.e.f. 27.05.2019 2926.70 2926.13
[L %RQGV RI ල FURUH HDFK FRQVLVWLQJ RI 67533V RI ල /DNKV HDFK
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XLVII Issue-8.93% redeemable w.e.f 20.10.2018 2417.64 2636.90
[LL %RQGV RI ල /DNKV HDFK UHGHHPDEOH DW SDU LQ HTXDO LQVWDOPHQWV RQ
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XLIV Issue-8.70% redeemable w.e.f. 15.07.2018 2640.88 3962.03
[LLL %RQGV RI ල FURUH HDFK FRQVLVWLQJ RI 67533V RI ල ODNKV HDFK
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XLV Issue-9.65% redeemable w.e.f. 28.02.2018 1665.55 1831.36
XLIII Issue-7.93% redeemable w.e.f. 20.05.2017 2603.84 2863.58
[LY %RQGVRIලFURUHHDFKFRQVLVWLQJRI67533VRIල/DNKVHDFK
UHGHHPDEOHDWSDULQ7ZHOYHHTXDODQQXDOLQVWDOPHQWV
XLI Issue-8.85% redeemable w.e.f. 19.10.2016 2129.59 2365.63
[Y %RQGVRIලFURUHHDFKFRQVLVWLQJRI67533VRIල/DNKVHDFK
UHGHHPDEOHDWSDULQ)LIWHHQHTXDODQQXDOLQVWDOPHQWV
316
Power Grid Corporation of India Limited - Annual Report 2017-18
317
Note 24/ Borrowings (Contd.)
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
B) Term loans
from Banks
Secured
)RUHLJQ&XUUHQF\/RDQV*XDUDQWHHGE\*RYHUQPHQWRI,QGLD*2, 21294.39 20213.43
2WKHU)RUHLJQ&XUUHQF\/RDQV 2548.77 2672.65
5XSHH/RDQV 13638.00 12752.00
37481.16 35638.08
Unsecured
)RUHLJQ&XUUHQF\/RDQV*XDUDQWHHGE\*2, 3738.32 1445.26
2WKHU)RUHLJQ&XUUHQF\/RDQV 2022.66 1917.58
5XSHH/RDQV 3440.00 150.00
9200.98 3512.84
Total (B) 46682.14 39150.92
TOTAL (A TO B) 122710.32 111253.17
Further notes:
Details of terms of repayment and rate of interest
6HFXUHG)RUHLJQ&XUUHQF\/RDQV*XDUDQWHHGE\*R,FDUU\ÀRDWLQJUDWHRILQWHUHVWOLQNHGWR0/,%257KHVHORDQVDUHUHSD\DEOHLQVHPL
DQQXDOLQVWDOPHQWDVSHUWHUPVRIWKHUHVSHFWLYHORDQDJUHHPHQWFRPPHQFLQJDIWHUPRUDWRULXPSHULRGRIWR\HDUVH[FHSWIRURQH
ORDQRIලFURUH3UHYLRXV\HDU1LOZKLFKFDUULHV¿[HGUDWHRILQWHUHVWRISD
6HFXUHGRWKHU)RUHLJQ&XUUHQF\/RDQVFDUU\ÀRDWLQJUDWHRILQWHUHVWOLQNHGWR0/,%25(85,%2567,%257KHVHORDQVDUHUHSD\DEOHLQ
VHPLDQQXDOLQVWDOPHQWVDVSHUWHUPVRIWKHUHVSHFWLYHORDQDJUHHPHQWVFRPPHQFLQJDIWHUPRUDWRULXPSHULRGRIWR\HDUV
6HFXUHG5XSHHORDQVIURPEDQNVFDUU\ÀRDWLQJUDWHRILQWHUHVWOLQNHGWR00&/57KHVHORDQVDUHUHSD\DEOHLQVHPLDQQXDOLQVWDOPHQWV
DVSHUWHUPVRIWKHUHVSHFWLYHORDQDJUHHPHQWVFRPPHQFLQJDIWHUPRUDWRULXPSHULRGRI\HDUV
8QVHFXUHG)RUHLJQ&XUUHQF\/RDQV*XDUDQWHHGE\*R,FDUU\¿[HGUDWHRILQWHUHVWUDQJLQJIURPSDWRSD7KHVHORDQV
DUHUHSD\DEOHLQVHPLDQQXDOLQVWDOPHQWVDVSHUWHUPVRIWKHUHVSHFWLYHORDQDJUHHPHQWV
8QVHFXUHG)RUHLJQ&XUUHQF\/RDQVFDUU\ÀRDWLQJUDWHRILQWHUHVWOLQNHGWR067,%25(85,%257KHVHORDQVDUHUHSD\DEOHLQVHPLDQQXDO
LQVWDOPHQWVDVSHUWHUPVRIWKHUHVSHFWLYHORDQDJUHHPHQWVFRPPHQFLQJDIWHUPRUDWRULXPSHULRGDVSHUWHUPVRIWKHUHVSHFWLYHORDQ
DJUHHPHQWV
8QVHFXUHG5XSHHORDQVIURPEDQNVFDUU\ÀRDWLQJUDWHRILQWHUHVWOLQNHGWRPRQWKV0&/5 PRQWKV0&/57KHVHORDQVDUHUHSD\DEOH
LQVHPLDQQXDOLQVWDOPHQWVFRPPHQFLQJDIWHUPRUDWRULXPSHULRGDVSHUWHUPVRIWKHUHVSHFWLYHORDQDJUHHPHQWV
7KHUHKDVEHHQQRGHIDXOWLQUHSD\PHQWRIORDQVRUSD\PHQWRILQWHUHVWWKHUHRQDVDWWKHHQGRIWKH\HDU
Details of Securities
'RPHVWLF%RQGVDUH6HFXUHGE\ZD\RI5HJLVWHUHG%RQG7UXVW'HHGUDQNLQJSDULSDVVXRQLPPRYDEOHSURSHUW\VLWXDWHGDW0RXMH$PEKHWL
7DOXND.DSDUDGDLQGLVWULFW9DOVDG*XMDUDWPRYDEOHSURSHUW\SHUWDLQLQJWR.KDPPDP1DJDUMXQDVDJDU.9'&/LQHDQG6ULNDNXODP
9HPDJLUL.9'&DQGÀRDWLQJFKDUJHRQWKHDVVHWVRIWKHJURXS
6HFXUHG)RUHLJQ&XUUHQF\/RDQV*XDUDQWHHGE\*R,DUHVHFXUHGE\SDULSDVVXLQWHUHVWLQWKHOLHQFUHDWHGRQWKHDVVHWVDVVHFXULW\IRU
WKHGHEWV
6HFXUHG2WKHU)RUHLJQ&XUUHQF\/RDQVDQG5XSHH/RDQVDUHVHFXUHGE\WKHZD\RI
L SDULSDVVXFKDUJHRQWKHDVVHWVRIWKHFRPSDQ\H[FHSWLQYHVWPHQWVODQGDQGEXLOGLQJURDGVDQGEULGJHVZDWHUVXSSO\GUDLQDJH
DQGVHZHUDJHDQGFXUUHQWDVVHWVRU
LL SDULSDVVXFKDUJHRQWKHDVVHWVRIWKHFRPSDQ\H[FHSWLQYHVWPHQWVDQGFXUUHQWDVVHWVRU
LLL ÀRDWLQJFKDUJHRQWKHLPPRYDEOHSURSHUWLHVRIWKHJURXS
DVSHUWKHWHUPVRIUHVSHFWLYHORDQDJUHHPHQWV
318
Power Grid Corporation of India Limited - Annual Report 2017-18
1RWH2WKHU1RQFXUUHQW¿QDQFLDOOLDELOLWLHV
Further Notes:
'LVFORVXUHZLWKUHJDUGWR0LFURDQG6PDOOHQWHUSULVHVDVUHTXLUHGXQGHU³7KH0LFUR6PDOODQG0HGLXP(QWHUSULVHV'HYHORSPHQW$FW´LV
JLYHQLQ1RWH1R
Further Notes:
3URYLVLRQLVFUHDWHGIRUWKHSXUSRVHRIOHDYHHQFDVKPHQW6HWWOHPHQW$OORZDQFH/RQJ6HUYLFH$ZDUGDQGRWKHUEHQH¿WV'HWDLOHGGLVFORVXUH
UHODWHGWR(PSOR\HH%HQH¿W2EOLJDWLRQVLVJLYHQLQ1RWH1R
319
Note 27/ Deferred tax liabilities (Net) (Contd.)
Movement in Deferred Tax Liabilities
ලLQFURUH
3DUWLFXODUV 'LIIHUHQFHLQERRN )LQDQFH 2WKHUV 8QGLVWULEXWHG 8QGLVWULEXWHG $VVHW+HOG 7RWDO
GHSUHFLDWLRQDQGWD[ /HDVHG 'LYLGHQGLQ 'LYLGHQGLQ )RU6DOH
GHSUHFLDWLRQ $VVHWV -9V 6XEVLGLDU\
At 1st April, 2016 8558.08 106.27 59.51 33.44 0.72 7.99 8766.01
&KDUJHGFUHGLWHG
WRSUR¿WRUORVV 2699.86 6.79 13.11 2695.61
At 31 March, 2017
st
11257.94 90.83 66.30 46.55 - - 11461.62
&KDUJHGFUHGLWHG
WRSUR¿WRUORVV 3140.67 12.27 3132.45
At 31st March, 2018 14398.61 88.37 48.27 58.82 - - 14594.07
F 0DWWHUUHJDUGLQJSUHVHQWDWLRQRIµ'HIHUUHG$VVHWVDJDLQVW'HIHUUHG7D[/LDELOLW\¶LQ%DODQFH6KHHWDQG6WDWHPHQWRI3UR¿WDQGORVVKDVEHHQ
UHIHUUHGWR([SHUW$GYLVRU\&RPPLWWHH($&RI,QVWLWXWHRI&KDUWHUHG$FFRXQWDQWRI,QGLDRSLQLRQRIZKLFKLVVWLOODZDLWHG
$PRXQWWDNHQWR6WDWHPHQWRI3UR¿WDQG/RVV
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3DUWLFXODUV For the year ended )RUWKH\HDUHQGHGst
31st March, 2018 March, 2017
,QFUHDVHLQ'HIHUUHG7D[/LDELOLWLHV 3132.45 2695.61
'HFUHDVH,QFUHDVHLQ'HIHUUHG7D[$VVHWV (63.78)
$GG$GMXVWPHQWRI3<GHIHUUHGWD[/LDELOLW\ 0.10
Total 3068.77 2636.27
/HVV'HIHUUHG$VVHWVIRUGHIHUUHGWD[OLDELOLW\ 3121.19 2619.07
1HW$PRXQWWDNHQWR6WDWHPHQWRI3UR¿WDQG/RVV (52.42) 17.20
320
Power Grid Corporation of India Limited - Annual Report 2017-18
Further Notes:
2WKHUVLQFOXGHVDPRXQWSD\DEOHWR&XVWRPHUVXSRQUHFRYHU\
Note 29/Borrowings
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
Short Term - Unsecured
From Others
&RPPHUFLDO3DSHU 1000.00 1500.00
Total 1000.00 1500.00
Further Notes:
'LVFORVXUHZLWKUHJDUGWR0LFURDQG6PDOOHQWHUSULVHVDVUHTXLUHGXQGHU³7KH0LFUR6PDOODQG0HGLXP(QWHUSULVHV'HYHORSPHQW$FW´LV
JLYHQLQ1RWH1R
321
Note 31/Other Current Financial Liabilities (Contd.)
ලLQFURUH
3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
Others
'XHVIRUFDSLWDOH[SHQGLWXUH 4618.88 3793.43
(PSOR\HHUHODWHGOLDELOLWLHV 170.31 135.88
8QFODLPHGGLYLGHQGV )32
12.61 11.18
'HSRVLWV5HWHQWLRQPRQH\IURPFRQWUDFWRUVDQGRWKHUV 5355.24 5648.99
5HODWHGSDUWLHV
51.91 40.31
2WKHUV 1210.03 753.20
11418.98 10382.99
Total 22680.00 19809.94
Further notes:
'LVFORVXUHZLWKUHJDUGWR0LFURDQG6PDOOHQWHUSULVHVDVUHTXLUHGXQGHU³7KH0LFUR6PDOODQG0HGLXP(QWHUSULVHV'HYHORSPHQW$FW´LV
JLYHQLQ1RWH1R
1RDPRXQWLVGXHIRUSD\PHQWWR,QYHVWRU(GXFDWLRQDQG3URWHFWLRQ)XQG
'HWDLOVRIDPRXQWSD\DEOHWRUHODWHGSDUWLHVDUHSURYLGHGLQ1RWH
2WKHUVLQFOXGHOLDELOLW\IRU/RQJ7HUP$FFHVV/7$6KRUW7HUP2SHQ$FFHVV672$GHDGFKHTXHV3ULFHYDULDWLRQHWF
Note 33/Provisions
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3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
$ (PSOR\HH%HQH¿WV
i) Performance related pay /special incentive
$VSHUODVWEDODQFHVKHHW 109.83 182.52
$GGLWLRQGXULQJWKH\HDU 163.46 168.04
$PRXQWSDLGDGMXVWHGGXULQJWKH\HDU 109.96 240.73
&ORVLQJ%DODQFH 163.33 109.83
ii) Wage revision
$VSHUODVWEDODQFHVKHHW 265.43
$GGLWLRQVGXULQJWKH\HDU 459.93 265.43
&ORVLQJ%DODQFH 725.36 265.43
LLL 2WKHU(PSOR\HH%HQH¿WV
(Leave Encashment, Settlement Allowance and Long Service Award
etc.)
$VSHUODVWEDODQFHVKHHW 73.86 46.56
$GGLWLRQVDGMXVWPHQWVGXULQJWKH\HDU (7.34) 27.30
&ORVLQJ%DODQFH 66.52 73.86
Total (A) 955.21 449.12
322
Power Grid Corporation of India Limited - Annual Report 2017-18
(PSOR\HH%HQH¿WV
3HUIRUPDQFH5HODWHG3D\6SHFLDO,QFHQWLYH
3URYLVLRQLVFUHDWHGIRU3HUIRUPDQFH5HODWHG3D\WR([HFXWLYHVDQG1RQ([HFXWLYHV
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(QWHUSULVHV*RYHUQPHQWRI,QGLDIRUWKHLPSDFWRIWKHSD\UHYLVLRQLQFOXGLQJWRZDUGVLQFUHDVHLQWKHFHLOLQJOLPLWRIJUDWXLW\IURPWKHH[LVWLQJ
OLPLWRIලODNKVWRලODNKVDVSHUDFWXDULDOYDOXDWLRQSHQGLQJDSSURYDORI%RDUGRI'LUHFWRUVIRULPSOHPHQWDWLRQRISD\UHYLVLRQLQWHUPVRI
SUHVLGHQWLDOGLUHFWLYHVGDWHGth0D\
2WKHU(PSOR\HH%HQH¿WV
3URYLVLRQLVFUHDWHGIRUWKHSXUSRVHRIPHHWLQJRXWOHDYHHQFDVKPHQWVHWWOHPHQWDOORZDQFHORQJVHUYLFHDZDUGDQG32:(5*5,'(PSOR\HH
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3URYLVLRQLVFUHDWHGLQFDVHZKHQDFWXDOGRZQWLPHLVLQH[FHVVRIWKHSHUPLVVLEOHVHUYLFHOHYHODJUHHPHQWLQVXFKFDVHVWKHQHFHVVDU\FUHGLW
LVSDVVHGRQWRWKHFXVWRPHURQGHPDQG
+RZHYHULQVRPHFDVHWKHGRZQWLPHLVQRWFODLPHGE\WKHFXVWRPHUWKHQLQVXFKFDVHVQHFHVVDU\SURYLVLRQRQDFFRXQWRIGRZQWLPHLVPDGHLQ
WKHERRNVRIDFFRXQWVDVSHUWKHOLQNVDYDLODELOLW\UHSRUWVUHFHLYHGIURP1DWLRQDO7HOHFRP&RQWURO&HQWUH17&&IRUWKHSHULRGRIQRQRSHUDWLRQ
RIOLQNVJLYHQWRWKHFXVWRPHUV7KHFDOFXODWLRQRIGRZQWLPHFUHGLWLVEDVHGRQWKH6/$VLJQHGZLWKYDULRXVFXVWRPHUV
323
Note 35/Deferred Revenue
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3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
$GYDQFHDJDLQVWGHSUHFLDWLRQ 1504.09 1624.81
*UDQWVLQDLG5HIHUIXUWKHUQRWHV
$VSHUODVW%DODQFH6KHHW 150.30 109.17
5HFHLYHGGXULQJWKH\HDU 421.39 63.02
$GMXVWPHQWVGXULQJWKH\HDU 12.13 21.89
&ORVLQJEDODQFH 559.56 150.30
'HIHUUHGLQFRPHIURPIRUHLJQFXUUHQF\ÀXFWXDWLRQ1HW 2903.76 3107.26
TOTAL 4967.41 4882.37
Further Notes:
Further Notes:
D ,QH[HUFLVHRISRZHUVXVRIWKH(OHFWULFLW\$FW&HQWUDO(OHFWULFLW\5HJXODWRU\&RPPLVVLRQ&(5&KDVQRWL¿HG³&(5&7HUPVDQG
&RQGLWLRQVRIWDULII5HJXODWLRQV´YLGHRUGHUGDWHGst)HEUXDU\IRUWKHGHWHUPLQDWLRQRIWUDQVPLVVLRQWDULIIIRUWKHEORFNSHULRG
E 7KHFRPSDQ\KDVUHFRJQLVHGWUDQVPLVVLRQLQFRPHGXULQJWKH\HDUDVSHUWKHIROORZLQJ
L ලFURUHSUHYLRXV\HDUලFURUHDVSHU¿QDOWDULIIRUGHUVLVVXHGE\&(5&
LL ලFURUHSUHYLRXV\HDUලFURUHLQUHVSHFWRIWUDQVPLVVLRQDVVHWVIRUZKLFK¿QDOWDULIIRUGHUVDUH\HWWREHLVVXHGDV
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H 7KH&(5&RUGHUGDWHG0DUFKSURYLGHVWKDW3107/LVHQWLWOHGIRUWDULIIIRUWKHHQWLUHWUDQVPLVVLRQV\VWHPDIWHUWKH.96DOHP
0DGKXJLUL7UDQVPLVVLRQOLQHLVSXWXQGHUFRPPHUFLDORSHUDWLRQ$FFRUGLQJO\5HYHQXHIURPRSHUDWLRQLVQRWUHFRJQLVHG+RZHYHU3107/
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324
Power Grid Corporation of India Limited - Annual Report 2017-18
Note37/Other income
Further Notes:
2WKHUVLQFOXGHLQWHUHVWRQHPSOR\HHORDQV XQZLQGLQJRI¿QDQFHFRVWRQHPSOR\HHORDQV
1RWH(PSOR\HHEHQH¿WVH[SHQVH
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3DUWLFXODUV For the year ended )RUWKH\HDUHQGHG
31st March, 2018 31st March, 2017
6DODULHVZDJHVDOORZDQFHV EHQH¿WV 1844.95 1393.10
&RQWULEXWLRQWRSURYLGHQWDQGRWKHUIXQGV 112.24 357.03
6WDII:HOIDUHH[SHQVHV,QFOXGLQJ'HIHUUHG(PSOR\HHFRVW 193.10 161.47
2150.29 1911.60
/HVV7UDQVIHUUHGWR([SHQGLWXUHGXULQJ&RQVWUXFWLRQ1HW1RWH 544.40 534.47
Total 1605.89 1377.13
325
1RWH(PSOR\HHEHQH¿WVH[SHQVH&RQWG
Further Notes:
D (PSOR\HH EHQH¿WV H[SHQVH LQFOXGH WKH IROORZLQJ IRU WKH ZKROH WLPH GLUHFWRUV DQG .H\ 0DQDJHULDO 3HUVRQQHO LQFOXGLQJ &KDLUPDQ DQG
0DQDJLQJ'LUHFWRUDQGH[FOXGLQJDUUHDUVSDLGWRH[GLUHFWRUV
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3DUWLFXODUV For the year ended )RUWKH\HDUHQGHG
31st March, 2018 31st March, 2017
6DODULHVDQG$OORZDQFHV 2.38 2.05
&RQWULEXWLRQWR3URYLGHQW)XQGDQGRWKHU)XQGV*UDWXLW\DQG*URXS,QVXUDQFH 0.17 0.30
2WKHUEHQH¿WV 0.94 1.26
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RQSD\PHQWRIලSPDVFRQWDLQHGLQWKH'HSDUWPHQWRI3XEOLF(QWHUSULVHV'3(201R'3(:&*/9GDWHG
F 3HQGLQJDSSURYDORI0LQLVWU\RI3RZHUDQG'HSDUWPHQWRI3XEOLF(QWHUSULVHVVSHFLDODOORZDQFHXSWRRIEDVLFSD\DPRXQWLQJWRල
FURUHIRUWKH)LQDQFLDO<HDUලFURUHIRU)<&XPXODWLYHDPRXQWLQJWRලFURUHXSWRst March,
LVEHLQJSDLGWRHPSOR\HHVZKRDUHSRVWHGLQWKHGLI¿FXOWDQGIDUÀXQJDUHDV7KHDERYHDOORZDQFHLVLQDGGLWLRQWRWKHPD[LPXP
FHLOLQJRIRIEDVLF3D\DVSHU'3(RI¿FHPHPRUDQGXP1R'3(:&*/;9,GDWHGth1RYHPEHU
Further Notes:
2WKHUVLQFOXGHVDJHQF\IHHVWUXVWHHIHHVIURQWHQGIHHVHWF
326
Power Grid Corporation of India Limited - Annual Report 2017-18
327
Note 41/Other expenses (Contd.) ලLQFURUH
3DUWLFXODUV For the year ended )RUWKH\HDUHQGHG
31st March, 2018 31st March, 2017
3D\PHQWVWR6WDWXWRU\$XGLWRUV
$XGLW)HHV 1.20 0.94
7D[$XGLW)HHV 0.26 0.26
,Q2WKHU&DSDFLW\ 1.21 1.03
$UUHDUV 0.36 0.66
2XWRISRFNHW([SHQVHV 1.00 1.05
4.03 3.94
$GYHUWLVHPHQWDQGSXEOLFLW\ 14.07 15.67
3ULQWLQJDQGVWDWLRQHU\ 5.73 7.41
%RRNV3HULRGLFDOVDQG-RXUQDOV 1.48 1.27
('3KLUHDQGRWKHUFKDUJHV 10.71 10.81
(QWHUWDLQPHQWH[SHQVHV 3.17 2.06
%URNHUDJH &RPPLVVLRQ 1.12 0.64
5HVHDUFK 'HYHORSPHQWH[SHQVHV 1.33 2.63
&RVW$XGLWDQG3K\VLFDOYHUL¿FDWLRQ)HHV 1.27 1.15
5HQW 14.60 12.44
&(5&SHWLWLRQ 2WKHUFKDUJHV 63.40 59.15
0LVFHOODQHRXVH[SHQVHV 96.21 76.60
+RUWLFXOWXUH([SHQVHV 27.11 16.96
6HFXULW\([SHQVHV 243.42 140.11
+LULQJRI9HKLFOH 143.66 111.75
,QVXUDQFH 79.31 88.50
5DWHVDQGWD[HV 35.28 6.43
/LFHQVH)HHVWR'27 60.38 44.20
%DQGZLGWKFKDUJHVGDUN¿EUHOHDVHFKDUJHV7HOHFRP 30.70 23.66
&RUSRUDWH6RFLDO5HVSRQVLELOLW\&65 6XVWDLQDEOHGHYHORSPHQW 151.19 142.63
7UDQVLW$FFRPRGDWLRQ([SHQVHV 22.28 14.58
/HVV,QFRPHIURP7UDQVLW$FFRPRGDWLRQ 1.36 1.10
20.92 13.48
)RUHLJQ([FKDQJH5DWH9DULDWLRQ 162.08
3URYLVLRQV 50.59 4.29
2508.50 1871.36
/HVV7UDQVIHUUHGWR([SHQGLWXUHGXULQJ&RQVWUXFWLRQ1HW1RWH 288.35 140.50
2220.15 1730.86
/RVVRQ'LVSRVDO:ULWHRIIRI3URSHUW\3ODQW (TXLSPHQW 10.75 3.85
Total 2230.90 1734.71
328
Power Grid Corporation of India Limited - Annual Report 2017-18
5HIHUWRQRWHQRIRUGHWDLOHGGLVFORVXUHRQ5HJXODWRU\'HIHUUDO$FFRXQW%DODQFHV
B. Other Expenses
5HSDLUDQGPDLQWHQDQFH 5.67 3.51
3RZHUFKDUJHV 2.65 10.21
/HVV5HFRYHU\IURPFRQWUDFWRUV 0.75 1.72
1.90 8.49
([SHQVHVRQ'LHVHO*HQHUDWLQJVHWV 0.45 0.37
7UDLQLQJ 5HFUXLWPHQW([SHQVHV 0.98 1.44
/HJDOH[SHQVHV 3.23 0.94
3URIHVVLRQDOFKDUJHV 58.51 17.20
&RQVXOWDQF\H[SHQVHV 108.76 20.36
&RPPXQLFDWLRQH[SHQVHV 2.13 2.32
7UDYHOOLQJ &RQYH[S,QFOXGLQJ)RUHLJQ7UDYHO 27.16 26.54
7HQGHUH[SHQVHV 10.32 5.63
/HVV6DOHRIWHQGHUV 1.64 2.88
8.68 2.75
329
Note 44/ Expenditure during Construction (Net) (Contd.)
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3DUWLFXODUV For the year ended )RUWKH\HDUHQGHG
31st March, 2018 31st March, 2017
3D\PHQWWR$XGLWRUV 0.13 0.05
$GYHUWLVHPHQWDQG3XEOLFLW\ 1.03 1.60
3ULQWLQJDQGVWDWLRQHU\ 0.71 0.66
%RRNV3HULRGLFDOVDQG-RXUQDOV 0.01 0.02
('3KLUHDQGRWKHUFKDUJHV 0.23 0.27
(QWHUWDLQPHQWH[SHQVHV 0.40 0.25
%URNHUDJHDQGFRPPLVVLRQ 0.03 0.06
5HQW 3.27 3.70
0LVFHOODQHRXVH[SHQVHV 13.78 11.62
+RUWLFXOWXUH([SHQVHV 0.64 0.90
6HFXULW\([SHQVHV 19.28 14.58
+LULQJRI9HKLFOHV 24.03 20.75
,QVXUDQFH 0.03 0.03
5DWHVDQGWD[HV 6.25 0.80
%DQGZLGWKFKDUJHVGDUN¿EUHOHDVHFKDUJHV7HOHFRP 0.13 0.24
7UDQVLW$FFRPRGDWLRQ([SHQVHV 0.93 1.06
/HVV,QFRPHIURP7UDQVLW$FFRPRGDWLRQ - 0.01
0.93 1.05
Total (B) 288.35 140.50
D. Finance Costs
D ,QWHUHVWDQG¿QDQFHFKDUJHVRQ¿QDQFLDOOLDELOLWLHVDWDPRUWLVHGFRVW
*RYHUQPHQWRI,QGLD
,QGLDQ%DQNVDQG)LQDQFLDO,QVWLWXWLRQV 301.55 455.19
)RUHLJQ%DQNVDQG)LQDQFLDO,QVWLWXWLRQV 131.59 100.14
6HFXUHG8QVHFXUHG5HGHHPDEOH%RQGV 1176.21 1253.48
)RUHLJQ&XUUHQF\%RQGV 5.17 26.36
2WKHUV 44.74 92.73
E 2WKHU¿QDQFHFKDUJHV 1659.26 1927.90
&RPPLWPHQWFKDUJHV 8.33 9.44
*XDUDQWHHIHH 71.61 43.63
2WKHUV 37.93 14.67
117.87 67.74
F )(59DGMXVWPHQWWRERUURZLQJFRVW 173.00
Total (D) 1950.13 1953.12
330
Power Grid Corporation of India Limited - Annual Report 2017-18
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6 North East Transmission India 26 26 115.10 98.45 Transmission system associated with
Company Limited 726.6 MW Gas Based Combined Cycle
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333
45. Interest in Other Entities (Contd.)
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WĂƌƟĐƵůĂƌƐ 31 March, 2018
st
31 March, 2017
st
^ŚĂƌĞŽĨ'ƌŽƵƉ
Commitment 519.40 220.21
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Power Grid Corporation of India Limited - Annual Report 2017-18
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31st 31st 31st 31st March, 31st 31st 31st 31st
March, March, March, 2017 March, March, March, March,
2018 2017 2018 2018 2017 2018 2017
Current Assets
&DVK &DVK(TXLYDOHQW 16.06 11.21 66.49 46.67 0.01 0.01 0.18 0.16
2WKHU$VVHWV 5.58 2.81 10.39 6.82 - -
Total Current Assets 21.64 14.02 76.88 53.49 0.01 0.01 0.18 0.16
Total Non-Current Assets 80.56 82.39 1528.45 1308.04 - 1.17 8.30 7.69
Current Liabilities
)LQDQFLDO/LDELOLWLHV 3.71 7.44 121.91 43.29 - 1.10
2WKHU/LDELOLWLHV 2.82 2.17 40.43 88.29 - 1.17 0.01 1.05
Total Current Liabilities 6.53 9.61 162.34 131.58 - 1.17 1.11 1.05
Non-Current Liabilities
)LQDQFLDO/LDELOLWLHV 59.14 54.58 1081.64 869.40 - -
2WKHU/LDELOLWLHV - 0.51 0.36 - -
Total Non-Current Liabilities 59.14 54.58 1082.15 869.76 - -
Net Assets 36.53 32.22 360.84 360.19 0.01 0.01 7.37 6.80
335
45. Interest in Other Entities (Contd.)
Reconciliation to carrying amounts
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31st 31st 31st 31st 31st 31st 31st 31st
March, March, March, March, March, March, March, March,
2018 2017 2018 2017 2018 2017 2018 2017
2SHQLQJQHWDVVHWV 834.07 733.91 101.86 106.01 363.18 374.34 356.55 293.04
,QYHVWPHQWE\-93DUWQHUV - - - -
3UR¿WIRUWKH\HDU 124.84 195.78 39.73 3.45 67.17 50.24 50.13 71.79
2WKHU&RPSUHKHQVLYHLQFRPH (0.18) 0.14 0.01 0.04 (0.12)
'LYLGHQG3DLG 95.76 95.76 10.84 7.58 30.69 61.38 36.12 8.21
2WKHU$GMXVWPHQWV - - (1.10) 0.02
Closing net assets 862.97 834.07 130.76 101.86 398.60 363.18 370.46 356.55
*URXS¶VVKDUHLQ 49% 26% 26% 26%
*URXS¶VVKDUHLQ,15 422.86 408.69 34.00 26.48 103.64 94.43 96.32 92.70
&DUU\LQJ$PRXQW 422.86 408.69 34.00 26.48 103.64 94.43 96.32 92.70
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2018 2017 2018 2017 2018 2017 2018 2017
2SHQLQJQHWDVVHWV 294.91 80.61 0.01 0.01 69.97 58.45 6.80 0.20
,QYHVWPHQWE\-93DUWQHU 15.48 216.39 - 0 8.81 0.60 6.6
3UR¿WIRUWKH\HDU 25.93 - 12.95 13.86 (0.03)
2WKHU&RPSUHKHQVLYHLQFRPH - - - -
'LYLGHQG3DLG - - 7.59 11.15 -
2WKHU$GMXVWPHQWV - - 3.79 -
Closing net assets 336.32 294.91 0.01 0.01 79.12 69.97 7.37 6.80
*URXS¶VVKDUHLQ 50% 50% 26% 50%
*URXS¶VVKDUHLQ,15 168.16 147.46 0.01 0.01 20.57 18.19 3.39 3.40
&DUU\LQJ$PRXQW 168.16 147.46 0.01 0.01 20.57 18.19 3.39 3.40
336
Power Grid Corporation of India Limited - Annual Report 2017-18
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31st 31st 31st 31st 31st 31st 31st 31st
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2018 2017 2018 2017 2018 2017 2018 2017
5HYHQXH)URP2SHUDWLRQV 161.23 150.66 63.22 38.98 165.05 171.41 167.02 160.28
2WKHU,QFRPH 12.68 12.12 3.52 2.26 3.68 3.81 7.76 70.16
Total Income 173.91 162.78 66.74 41.24 168.73 175.22 174.78 230.44
(PSOR\HHEHQH¿WVH[SHQVH 7.55 7.07 1.33 1.19 2.44 3.26 3.58 3.70
)LQDQFHFRVWV 16.92 20.96 8.50 11.41 46.66 54.03 53.07 103.14
'HSUHFLDWLRQDQGDPRUWL]DWLRQH[SHQVH - 16.44 16.45 52.94 53.04 49.30 28.02
2WKHUH[SHQVHV 10.67 7.93 3.35 3.14 4.95 4.21 3.02 3.86
Total Expenses 35.14 35.96 29.62 32.19 106.99 114.54 108.97 138.72
7D[([SHQVHV 13.93 (2.61) 5.60 (5.43) 10.44 15.68 19.93
3UR¿WIRUWKH\HDU 124.84 195.78 39.73 3.45 67.17 50.24 50.13 71.79
2WKHU&RPSUHKHQVLYHLQFRPH (0.18) 0.14 0.01 0.04 (0.12)
Total Comprehensive income 124.66 195.92 39.74 3.43 67.21 50.22 50.01 71.72
'LYLGHQG5HFHLYHG 38.99 38.99 2.34 1.64 6.63 13.26 7.80 1.77
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2018 2017 2018 2017 2018 2017 2018 2017
5HYHQXH)URP2SHUDWLRQV 4.47 5.60 - 16.34 16.14 30.98 5.87
2WKHU,QFRPH 31.49 35.58 - 1.26 0.10 0.01 0.05
Total Income 35.96 41.18 - 17.60 16.24 30.99 5.92
(PSOR\HHEHQH¿WVH[SHQVH 1.05 1.20 - 0.54 0.37 0.47
)LQDQFHFRVWV 17.71 18.35 - 2.91 2.75 21.56
'HSUHFLDWLRQDQGDPRUWL]DWLRQH[SHQVH 0.02 0.01 0.01 4.07 1.31 10.89
2WKHUH[SHQVHV 4.23 4.00 0.02 1.77 0.38 0.88 4.31
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7D[([SHQVHV - 3.76 - - 3.38 (7.76) 0.32
3UR¿WIRUWKH\HDU 12.95 13.86 (0.03) 8.31 8.05 4.95 1.29
2WKHU&RPSUHKHQVLYHLQFRPH - - - 0.01
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'LYLGHQG5HFHLYHG 4.05 - 1.46 -
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31st 31st 31st 31st 31st 31st 31st 31st
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5HYHQXH)URP2SHUDWLRQV 342.63 384.71 20.83 204.36 0.76 -
2WKHU,QFRPH 10.57 9.80 1.27 6.37 0.01 1.17
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(PSOR\HHEHQH¿WVH[SHQVH 2.88 2.86 1.81 5.08 0.02 -
)LQDQFHFRVWV 165.30 229.13 14.80 62.96 0.16 -
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2WKHUH[SHQVHV 10.02 9.62 9.93 3.70 0.01 1.17
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7D[([SHQVHV (25.04) 7.03 - 86.33 2.44 -
3UR¿WIRUWKH\HDU 83.84 31.56 (10.72) 25.93 -
2WKHU&RPSUHKHQVLYHLQFRPH (0.02) 0.04 - -
Total Comprehensive income 83.82 31.44 (10.68) 25.93 -
'LYLGHQG5HFHLYHG 4.28 - - -
338
Power Grid Corporation of India Limited - Annual Report 2017-18
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340
Power Grid Corporation of India Limited - Annual Report 2017-18
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3DUWLFXODUV 31st March, 2018 31st March, 2017
*URVVLQYHVWPHQWLQ/HDVH 1742.24 1982.50
8QHDUQHG)LQDQFH,QFRPH 1165.22 1371.38
3UHVHQWYDOXHRI0LQLPXP/HDVH3D\PHQW0/3 577.02 611.12
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31st March, 2018 31st March, 2017 31st March, 2018 31st March, 2017
1RWODWHUWKDQRQH\HDU 130.31 143.99 46.45 70.94
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341
54. Foreign Currency Exposure (Contd.)
342
Power Grid Corporation of India Limited - Annual Report 2017-18
56. Disclosure as required by Clause 34 (3) of SEBI (Listing Obligation and Disclosure Requirements) Regulations,
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3RZHUJULG0HGLQLSXU-HHUDW 0.00% 0.01 0.01 0.00% - 0.00% - 0.00% -
7UDQVPLVVLRQ/LPLWHG
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7UDQVPLVVLRQ/LPLWHG
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/LPLWHG
58. Additional Information as required under Schedule III of the Companies Act, 2013: (Contd.)
ලLQFURUH
1HW$VVHWLHDVVHWVPLQXVWRWDOOLDELOLWLHV 6KDUHLQSUR¿WRUORVV 6KDUHLQ2WKHU&RPSUHKHQVLYH,QFRPH 6KDUHLQ7RWDO&RPSUHKHQVLYH,QFRPH
31st March, 2018 31st March, 2017 2017-18 2017-18 2017-18
As % of Amount $VRI $PRXQW As % of Amount $VRI $PRXQW As % of Amount $VRI $PRXQW As % of Amount $VRI $PRXQW
3DUWLFXODUV
consol. FRQVROQHW consol. FRQVRO consol. FRQVRO consol. FRQVRO
net DVVHWV SUR¿W SUR¿W OCI OCI Total 7RWDO
assets Comp. &RPS
or loss RUORVV Income ,QFRPH
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3RZHUOLQNV7UDQVPLVVLRQ 0.78% 422.86 408.69 0.74% 61.17 95.93 (0.65)% (0.09) 0.07 0.74% 61.08 96.00
/LPLWHG
7RUUHQW3RZHUJULG/LPLWHG 0.06% 34.00 26.48 0.13% 10.33 0.90 0.00% 0.00 0.13% 10.33 0.89
-D\SHH3RZHUJULG/LPLWHG 0.19% 103.64 94.43 0.21% 17.46 13.06 0.08% 0.01 0.21% 17.47 13.05
3DUEDWL.ROGDP7UDQVPLVVLRQ 0.18% 96.32 92.70 0.16% 13.03 18.67 (0.23%) (0.02) 0.16% 13.01 18.66
&RPSDQ\/LPLWHG
7HHVWDYDOOH\3RZHU 0.17% 93.82 93.65 0.02% 1.29 0.34 0.00% - 0.02% 1.29 0.34
7UDQVPLVVLRQ/LPLWHG
1RUWK(DVW7UDQVPLVVLRQ 0.21% 115.10 98.45 0.27% 21.80 8.21 (0.04%) (0.01) 0.26% 21.79 8.17
&RPSDQ\/LPLWHG
1DWLRQDO+LJK3RZHU7HVW/DE 0.05% 27.83 29.97 (0.03%) (2.14) 0.04% 0.01 (0.03)% (2.13)
3YW/LPLWHG
%LKDU*ULG&RPSDQ\/LPLWHG 0.30% 168.16 147.46 0.15% 12.97 0.00% - 0.16% 12.97
.DOLQJD%LG\XW3UDVDUDQ 0.00% 0.01 0.00 0.00% - 0.00% - 0.00% -
1LJDP3YW/LPLWHG
&URVV%RUGHU7UDQVPLVVLRQ 0.04% 20.57 18.19 0.04% 3.37 3.60 0.00% - 0.04% 3.37 3.60
/LPLWHG
5,1/32:(5*5,'7/73YW 0.01% 3.39 3.40 (0.00)% (0.02) 0.00% - (0.00)% (0.02)
/LPLWHG
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3RZHU7UDQVPLVVLRQ 0.02% 9.50 7.34 0.03% 2.16 2.09 0.00% - 0.03% 2.16 2.09
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Total 100.00% 54425.99 100.00% 49865.50 100.00% 8198.31 100.00% 7450.73 100.00% 13.62 100.00% 49.84 100.00% 8211.93 100.00% 7500.57
345
Power Grid Corporation of India Limited - Annual Report 2017-18
ලLQFURUH
)LQDQFLDO,QVWUXPHQWVE\FDWHJRU\ 31st March, 2018 31st March, 2017
FVOCI Amortised cost )92&, $PRUWLVHGFRVW
Financial Assets
,QYHVWPHQWV
(TXLW\,QVWUXPHQWV
37&,QGLD/LPLWHG 104.88 112.08
VKDUHVRIලHDFK
(QHUJ\(I¿FLHQF\6HUYLFHV/LPLWHGVKDUHV 23.90 29.62
RIලHDFK
*RYHUQPHQW6HFXULWLHV
%RQGV 2.50
7UDGH5HFHLYDEOHV 3640.02 3131.93
/RDQV 186.87 172.18
&DVK FDVK(TXLYDOHQWV 1534.80 3241.45
%DQN%DODQFH 840.07 270.41
2WKHU)LQDQFLDO$VVHWV
&XUUHQW 4737.23 3239.17
1RQ&XUUHQW 680.50 650.72
Total Financial assets 128.78 11619.49 141.70 10708.36
Financial Liabilities
%RUURZLQJV 134971.34 122180.12
7UDGH3D\DEOHV 240.44 413.98
2WKHU)LQDQFLDO/LDELOLWLHV
&XUUHQW 11418.98 10382.99
1RQ&XUUHQW 459.60 474.60
7RWDO¿QDQFLDOOLDELOLWLHV - 147090.36 - 133451.69
,QYHVWPHQWLQ37&/WGEHLQJDOLVWHGHTXLW\LQVWUXPHQWLVD/HYHOIDLUYDOXHKLHUDUFK\
,QYHVWPHQWLQ(QHUJ\(I¿FLHQF\6HUYLFHV/LPLWHGLVD/HYHOIDLUYDOXHKLHUDUFK\
7KLVVHFWLRQH[SODLQVWKHMXGJHPHQWVDQGHVWLPDWHVPDGHLQGHWHUPLQLQJWKHIDLUYDOXHVRIWKH¿QDQFLDOLQVWUXPHQWVWKDWDUHPHDVXUHG
DWDPRUWLVHGFRVWDQGIRUZKLFKIDLUYDOXHVDUHGLVFORVHGLQWKH¿QDQFLDOVWDWHPHQWV7RSURYLGHDQLQGLFDWLRQDERXWWKHUHOLDELOLW\RIWKH
LQSXWVXVHGLQGHWHUPLQLQJIDLUYDOXHWKHJURXSKDVFODVVL¿HGLWV¿QDQFLDOLQVWUXPHQWVLQWRWKHWKUHHOHYHOVSUHVFULEHGXQGHUWKHDFFRXQWLQJ
VWDQGDUG$QH[SODQDWLRQRIHDFKOHYHOIROORZVXQGHUQHDWKWKHWDEOH
346
Power Grid Corporation of India Limited - Annual Report 2017-18
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Assets and liabilities which are measured at amortised cost Level 1 Level 2 Level 3 Total
for which fair values are disclosed
At 31st March, 2017
Financial Assets
,QYHVWPHQWV
%RQGV 2.55 2.55
/RDQV
/RDQVWR-RLQW9HQWXUHV
/RDQVWRHPSOR\HHV 195.27 195.27
Total Financial Assets - 197.82 - 197.82
Financial Liabilities
%RUURZLQJV 129289.13 129289.13
'HSRVLWVUHWHQWLRQPRQH\IURPFRQWUDFWRUVDQGRWKHUV 490.71 490.71
7RWDO¿QDQFLDOOLDELOLWLHV - 129779.84 - 129779.84
/HYHO/HYHOKLHUDUFK\LQFOXGHV¿QDQFLDOLQVWUXPHQWVPHDVXUHGXVLQJTXRWHGSULFHV7KLVLQFOXGHVOLVWHGHTXLW\ERQGVZKLFKDUHWUDGHG
LQWKHVWRFNH[FKDQJHVYDOXHGXVLQJWKHFORVLQJSULFHDVDWWKHUHSRUWLQJSHULRG
/HYHO,IRQHRUPRUHRIWKHVLJQL¿FDQWLQSXWVLVQRWEDVHGRQREVHUYDEOHPDUNHWGDWDWKHLQVWUXPHQWLVLQFOXGHGLQOHYHO7KLVLVWKH
FDVHIRUXQOLVWHGHTXLW\VHFXULWLHVFRQWLQJHQWFRQVLGHUDWLRQDQGLQGHPQL¿FDWLRQDVVHWVLQFOXGHGLQOHYHO
7KHUHDUHQRWUDQVIHUVEHWZHHQOHYHOVDQGGXULQJWKH\HDU7KHJURXS¶VSROLF\LVWRUHFRJQLVHWUDQVIHUVLQWRDQGWUDQVIHUVRXWRIIDLU
YDOXHKLHUDUFK\OHYHOVDVDWWKHHQGRIWKHUHSRUWLQJSHULRG
9DOXDWLRQWHFKQLTXHXVHGWRGHWHUPLQHIDLUYDOXH
6SHFL¿FYDOXDWLRQWHFKQLTXHVXVHGWRYDOXH¿QDQFLDOLQVWUXPHQWVLQFOXGH
WKHXVHRITXRWHGPDUNHWSULFHVRUGHDOHUTXRWHVIRUVLPLODULQVWUXPHQWV
WKHIDLUYDOXHRIWKHUHPDLQLQJ¿QDQFLDOLQVWUXPHQWVLVGHWHUPLQHGXVLQJGLVFRXQWHGFDVKÀRZDQDO\VLV
347
59. Fair Value Measurements (Contd.)
$OORIWKHUHVXOWLQJIDLUYDOXHHVWLPDWHVDUHLQFOXGHGLQOHYHODSDUWIURPHTXLW\LQVWUXPHQWVRI37&,QGLD/LPLWHGZKLFKLVLQFOXGHGLQ/HYHO
IDLUYDOXHKLHUDUFK\
7KHIDLUYDOXHRI(QHUJ\(I¿FLHQF\6HUYLFHV/LPLWHGKDVEHHQGHWHUPLQHGE\PDNLQJTXDOLWDWLYHDGMXVWPHQWWRWUDGLQJPXOWLSOHVVXFKDV
3((9(%,7'$RIFRPSDUDEOHOLVWHGSULFHV7KHVDPHKDVEHHQLQFOXGHGLQ/HYHOIDLUYDOXHKLHUDUFK\
)DLUYDOXHRI¿QDQFLDOLQVWUXPHQWVKDVEHHQGHWHUPLQHGE\DQLQGHSHQGHQWYDOXHU
)DLUYDOXHRI¿QDQFLDODVVHWVDQGOLDELOLWLHVPHDVXUHGDWDPRUWL]HGFRVW
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Assets and liabilities which are measured at amortised cost Carrying Fair value Carrying Fair value
for which fair values are disclosed Amount Amount
Financial Assets
Investments
*RYHUQPHQW6HFXULWLHV
%RQGV 1LO 2.50 2.55
Loans
/RDQVWR-RLQW9HQWXUHV 6.00 6.00
/RDQVWRHPSOR\HHV 180.87 183.76 167.50 195.27
Total Financial Assets 186.87 189.76 170.00 197.82
Financial Liabilities
%RUURZLQJV 134971.34 140219.77 122180.12 129289.13
'HSRVLWVUHWHQWLRQPRQH\IURPFRQWUDFWRUVDQGRWKHUV 459.60 419.04 474.60 490.71
7RWDO¿QDQFLDOOLDELOLWLHV 135430.94 140638.81 122654.72 129779.84
7KHFDUU\LQJDPRXQWVRIWUDGHUHFHLYDEOHVWUDGHSD\DEOHVFDVKDQGFDVKHTXLYDOHQWVDQGRWKHUFXUUHQW¿QDQFLDOOLDELOLWLHVDUHFRQVLGHUHG
WREHWKHVDPHDVWKHLUIDLUYDOXHVGXHWRWKHLUVKRUWWHUPQDWXUH
)RU¿QDQFLDODVVHWVWKDWDUHPHDVXUHGDWIDLUYDOXHWKHFDUU\LQJDPRXQWVDUHHTXDOWRWKHIDLUYDOXHV
32:(5*5,'¶V%RDUGRI'LUHFWRUVLQLWVPHHWLQJKHOGRQthDXJXVWDFFRUGHGDSSURYDOIRULQLWLDWLQJSURFHGXUHIRUZLQGLQJXS
UHPRYDORIWKHQDPHRI.DOLQJD%LG\XW3UDVDUDQ1LJDP3ULYDWH/WGXQGHUIDVWWUDFN([LWPRGHRI5HJLVWUDURI&RPSDQLHV52&
348
Power Grid Corporation of India Limited - Annual Report 2017-18
Name Designation
6KUL,6-KD &KDLUPDQDQG0DQDJLQJ'LUHFWRU
6KUL5DYL36LQJK 'LUHFWRU3HUVRQQHO
6KUL.6UHHNDQW 'LUHFWRU)LQDQFH
6KUL536DVPDO 'LUHFWRU2SHUDWLRQVUHWLUHGRQ
6K3UDEKDNDU6LQJK 'LUHFWRU3URMHFWV
0V6HHPD*XSWD 'LUHFWRU2SHUDWLRQVZHI
'U3UDGHHS.XPDU *RYHUQPHQW1RPLQHH'LUHFWRU&HDVHGWREH'LUHFWRUZHI
0V-\RWL$URUD *RYHUQPHQW1RPLQHH'LUHFWRU&HDVHGWREH'LUHFWRUZHI
6KUL-DJGLVK,VKZDU%KDL3DWHO ,QGHSHQGHQW'LUHFWRU
6KUL7VH7HQ'RUML ,QGHSHQGHQW'LUHFWRU
0V6KDOLQL3UDVDG *RYHUQPHQW1RPLQHH'LUHFWRUZHIWR
0V%KDUDWL *RYHUQPHQW1RPLQHH'LUHFWRUZHI
0V-\RWLND.DOUD ,QGHSHQGHQW'LUHFWRU&HDVHGWREH'LUHFWRUZHI
6KUL0DQRM.XPDU0LWWDO ,QGHSHQGHQW'LUHFWRUZHI
6PW'LY\D7DQGRQ &RPSDQ\6HFUHWDU\
7KH*URXSKDVEXVLQHVVWUDQVDFWLRQVZLWKRWKHUHQWLWLHVFRQWUROOHGE\WKH*2,IRUSURFXUHPHQWRIFDSLWDOHTXLSPHQWVSDUHVDQGVHUYLFHV
7UDQVDFWLRQVZLWKWKHVHHQWLWLHVDUHFDUULHGRXWDWPDUNHWWHUPVRQDUPVOHQJWKEDVLVWKURXJKDWUDQVSDUHQWSULFHGLVFRYHU\SURFHVVDJDLQVW
RSHQWHQGHUVH[FHSWLQDIHZFDVHVRISURFXUHPHQWRIVSDUHVVHUYLFHVIURP2ULJLQDO(TXLSPHQW0DQXIDFWXUHU2(0IRUSURSULHWDU\LWHPV
RURQVLQJOHWHQGHUEDVLVGXHWRXUJHQF\FRPSDWLELOLW\RURWKHUUHDVRQV6XFKVLQJOHWHQGHUSURFXUHPHQWVDUHDOVRGRQHWKURXJKDSURFHVV
RIQHJRWLDWLRQZLWKSULFHVEHQFKPDUNHGDJDLQVWDYDLODEOHSULFHGDWDRIVDPHVLPLODULWHPV
7KHDERYHWUDQVDFWLRQVDUHLQWKHFRXUVHRIQRUPDOGD\WRGD\EXVLQHVVRSHUDWLRQVDQGDUHQRWFRQVLGHUHGWREHVLJQL¿FDQWNHHSLQJLQYLHZ
WKHVL]HHLWKHULQGLYLGXDOO\RUFROOHFWLYHO\
349
60. Related party Transactions (Contd.)
(e) Outstanding balances arising from sales/purchases of goods and services
7KHIROORZLQJEDODQFHVDUHRXWVWDQGLQJDWWKHHQGRIWKHUHSRUWLQJSHULRGLQUHODWLRQWRWUDQVDFWLRQVZLWKUHODWHGSDUWLHV
ලLQFURUH
3DUWLFXODUV 31st March, 2018 31st March, 2017
Amount Payables
Joint Ventures
&URVV%RUGHU3RZHU7UDQVPLVVLRQ&RPSDQ\/LPLWHG 11.12 9.53
7HHVWDYDOOH\3RZHU7UDQVPLVVLRQ/LPLWHG 30.92 30.78
1RUWK(DVW7UDQVPLVVLRQ&RPSDQ\/LPLWHG 7.86
3RZHUOLQNV7UDQVPLVVLRQ/LPLWHG 2.01
Total payables to related parties 51.91 40.31
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3DUWLFXODUV 31 March, 2018
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31 March, 2017
st
Amount Receivables
Joint Ventures
3DUEDWL.ROGDP7UDQVPLVVLRQ&RPSDQ\/LPLWHG 0.38 0.36
1RUWK(DVW7UDQVPLVVLRQ&RPSDQ\/LPLWHG - 5.22
1DWLRQDO+LJK3RZHU7HVW/DERUDWRU\3ULYDWH/LPLWHG 10.99 4.67
%LKDU*ULG&RPSDQ\/LPLWHG 7.50 4.92
.DOLQJD%LG\XW3UDVDUDQ1LJDP3ULYDWH/LPLWHG - 0.85
3RZHU7UDQVPLVVLRQ&RPSDQ\1HSDO/LPLWHG 1.43
5,1/3RZHUJULG7/73YW/WG - 0.08
3RZHUOLQNV7UDQVPLVVLRQ/LPLWHG - 0.97
-D\SHH3RZHUJULG/LPLWHG 0.02
7RUUHQW3RZHUJULG/LPLWHG 0.41
Total 20.73 17.07
Loans to Joint Ventures
1DWLRQDO+LJK3RZHU7HVW/DERUDWRU\3ULYDWH/LPLWHG 6.00
Total 6.00
Interest Accrued on loan to Joint Ventures
1DWLRQDO+LJK3RZHU7HVW/DERUDWRU\3ULYDWH/LPLWHG 0.01
Total 0.01
Loans to Key Managerial Personnel 0.11 0.15
ලLQFURUH
Other Related Parties 31st March, 2018 31st March, 2017
2XWVWDQGLQJEDODQFHVZLWK(PSOR\HHV%HQH¿W7UXVW
3RZHUJULG(PSOR\HHV*UDWXLW\)XQG7UXVW 109.59 56.67
Total 109.59 56.67
350
Power Grid Corporation of India Limited - Annual Report 2017-18
7KHIROORZLQJWUDQVDFWLRQVRFFXUUHGZLWKUHODWHGSDUWLHV
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3DUWLFXODUV For the year ended )RUWKH\HDUHQGHGst
31st March, 2018 March, 2017
Services received by the Company
Joint Ventures
(QHUJ\(I¿FLHQF\6HUYLFHV/LPLWHG
- 0.49
Total - 0.49
Services provided by the Company
Joint Ventures
1DWLRQDO+LJK3RZHU7HVW/DERUDWRU\3ULYDWH/LPLWHG - 0.13
3RZHUOLQNV7UDQVPLVVLRQ/LPLWHG - 0.28
3RZHU7UDQVPLVVLRQ&RPSDQ\1HSDO/LPLWHG - 3.10
-D\SHH3RZHUJULG/LPLWHG 1.01 0.28
&URVV%RUGHU3RZHU7UDQVPLVVLRQ&RPSDQ\/LPLWHG 1.60 2.96
%LKDU*ULG&RPSDQ\/LPLWHG 13.84 0.12
3DUEDWL.ROGDP7UDQVPLVVLRQ&RPSDQ\/LPLWHG 0.05 0.37
7HHVWDYDOOH\3RZHU7UDQVPLVVLRQ/LPLWHG 0.17 0.58
1RUWK(DVW7UDQVPLVVLRQ&RPSDQ\/LPLWHG 6.53 8.12
7RUUHQW3RZHUJULG/WG 2.85 1.29
Total 26.05 17.23
Investments made during the year (Equity)
Joint Ventures
7HHVWDYDOOH\3RZHU7UDQVPLVVLRQ/LPLWHG - 27.17
1DWLRQDO+LJK3RZHU7HVW/DERUDWRU\3ULYDWH/LPLWHG - 6.50
%LKDU*ULG&RPSDQ\/LPLWHG 7.74 108.19
&URVV%RUGHU3RZHU7UDQVPLVVLRQ&RPSDQ\/LPLWHG - 2.30
5,1/3RZHUJULG7/73YW/WG - 3.30
3RZHU7UDQVPLVVLRQ&RPSDQ\1HSDO/LPLWHG 1.62
Total 9.36 147.46
Other Related Parties
&RQWULEXWLRQPDGHGXULQJWKH\HDU
3RZHUJULG(PSOR\HHV3)7UXVW 93.07 89.47
3RZHUJULG6HOI&RQWULEXWRU\6XSHUDQQXDWLRQ%HQH¿W3HQVLRQ)XQG7UXVW 108.67 109.83
3RZHUJULG(PSOR\HHV*UDWXLW\)XQG7UXVW 4.05 26.85
Total 205.79 226.15
Recovery for Deputation of Employees
Joint Ventures
-D\SHH3RZHUJULG/LPLWHG 0.17 0.11
&URVV%RUGHU3RZHU7UDQVPLVVLRQ&RPSDQ\/LPLWHG 0.82
1RUWK(DVW7UDQVPLVVLRQ&RPSDQ\/LPLWHG 0.11
Total 1.10 0.11
FHDVHGWREHD-RLQW9HQWXUHZHIth$SULO
351
60. Related party Transactions (Contd.)
Terms and Conditions
7KHORDQVWRNH\PDQDJHPHQWSHUVRQQHODUHRQWKHVDPHWHUPVDQGFRQGLWLRQVDVDSSOLFDEOHWRDOORWKHUHPSOR\HHV
$OORWKHUWUDQVDFWLRQVZHUHPDGHRQQRUPDOFRPPHUFLDOWHUPVDQGFRQGLWLRQVDQGDWPDUNHWUDWHV$OORXWVWDQGLQJEDODQFHVDUHXQVHFXUHG
DQGDUHUHSD\DEOHLQFDVK
/RDQVWR-RLQW9HQWXUHVDUHJLYHQRQFRVWWRFRVWEDVLV
(g) Transaction in the capacity of Central Transmission Utility (CTU) with the related parties
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For the year ended )RUWKH\HDUHQGHG
3DUWLFXODUV
31st March, 2018 31st March, 2017
Joint Ventures
3DUEDWL.ROGDP7UDQVPLVVLRQ&RPSDQ\/LPLWHG 178.83 162.46
7RUUHQW3RZHU*ULG/LPLWHG 46.46 52.71
3RZHUOLQNV7UDQVPLVVLRQ/LPLWHG 172.79 262.14
-D\SHH3RZHUJULG/LPLWHG 192.86 195.56
1RUWK(DVW7UDQVPLVVLRQ&RPSDQ\/LPLWHG 357.06 321.43
7HHVWDYDOOH\3RZHU7UDQVPLVVLRQ/LPLWHG 30.27
Total 978.27 994.30
7KH%RDUGRI'LUHFWRUVLVWKHJURXS¶V&KLHIRSHUDWLQJGHFLVLRQPDNHUZKRPRQLWRUVWKHRSHUDWLQJUHVXOWVRILWVEXVLQHVVVHJPHQWV
VHSDUDWHO\IRUWKHSXUSRVHRIPDNLQJGHFLVLRQVDERXWUHVRXUFHDOORFDWLRQDQGSHUIRUPDQFHDVVHVVPHQW7KUHHUHSRUWDEOHVHJPHQWV
KDYHEHHQLGHQWL¿HGRQWKHEDVLVRIVHUYLFHVSURYLGHG
ł 7UDQVPLVVLRQ6HUYLFHV*URXS¶VSULQFLSDOEXVLQHVVLVWUDQVPLVVLRQRIEXONSRZHUDFURVVGLIIHUHQWVWDWHVRI,QGLD
ł 7HOHFRP 6HUYLFHV 7KH FRPSDQ\ 8WLOL]HV WKH VSDUH 2SWLFDO ¿EUHV DYDLODEOH LQ WKH 2SWLFDO *URXQG :LUH 23*: ODLG RQ WKH
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FRPPRQH[SHQVHVDOORFDWHGRQDUHDVRQDEOHEDVLVDUHFRQVLGHUHGDVVHJPHQWH[SHQVHV
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352
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7UDQVPLVVLRQ6HUYLFHV &RQVXOWDQF\6HUYLFHV 7HOHFRP6HUYLFHV (OHPLQDWLRQ 7RWDO
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1HW5HYHQXHIURP 29,197.02 25,216.52 668.38 590.56 678.41 552.89 (239.09) 30,304.72 26,197.57
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6HJPHQWUHVXOWV 16,846.02 14,911.95 431.68 408.70 314.41 254.51 17,592.11 15,575.16
8QDOORFDWHG,QWHUHVWDQG 125.82 85.39
2WKHU,QFRPH
8QDOORFDWHG)LQDQFH&RVWV 7,324.14 6,203.55
3UR¿WEHIRUH7D[ 10,393.79 9,457.00
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3UR¿WDIWHU7D[ 8,198.31 7,450.73
Other information:
6HJPHQW$VVHWV 167,897.47 148,357.28 1,993.02 2,128.67 919.34 861.20 170,809.83 151,347.15
8QDOORFDWHG$VVHWV 43,516.83 44,297.85
Total Assets 214,326.66 195,645.00
6HJPHQW/LDELOLWLHV 8,668.68 7,763.37 2,395.04 2,361.41 541.17 654.16 11,604.89 10,778.94
8QDOORFDWHG2WKHU 148,295.78 135,000.56
/LDELOLWLHVLQFOXGLQJ
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Total liabilities 159,900.67 145,779.50
353
Power Grid Corporation of India Limited - Annual Report 2017-18
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3DUWLFXODUV As at As at
31st March, 2018 31st March, 2017
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354
Power Grid Corporation of India Limited - Annual Report 2017-18
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31st March, 2017.
b) Dividends
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3DUWLFXODUV 31 March, 2018
st
31 March, 2017
st
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355
65. Earnings per share
$PRXQWLQල
a) Basic and diluted earnings per share attributable to the equity 31 March, 2018
st
31 March, 2017
st
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b) Reconciliation of earnings used as numerator in calculating earnings 31st March, 2018 31st March, 2017
per share
(DUQLQJVDWWULEXWDEOHWRWKHHTXLW\KROGHUVRIWKHJURXSLQFOXGLQJPRYHPHQWLQ
5HJXODWRU\GHIHUUDOEDODQFHV 8198.31 7450.73
(DUQLQJVDWWULEXWDEOHWRWKHHTXLW\KROGHUVRIWKHJURXSH[FOXGLQJPRYHPHQWLQ
5HJXODWRU\GHIHUUDOEDODQFHV 7991.08 7380.80
Total Earnings attributable to the equity holders of the group 8198.31 7450.73
c) Weighted average number of shares used as the denominator 31st March, 2018 31st March, 2017
No. of shares 1RRI6KDUHV
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Total weighted average number of equity shares used as the
denominator in calculating basic earnings per share 5231589648 5231589648
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A) Credit Risk
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356
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357
66. Financial Risk Management (Contd.)
o Exposure to credit risk
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3DUWLFXODUV 31 st
March, 2018 31 st
March, 2017
Financial assets for which loss allowance is measured using 12
months Expected Credit Losses (ECL)
1RQ&XUUHQW,QYHVWPHQWV -
1RQ&XUUHQW/RDQV 139.99 132.36
2WKHUQRQFXUUHQW¿QDQFLDODVVHWV 680.50 650.72
&XUUHQW,QYHVWPHQWV - 2.50
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&XUUHQWORDQV 46.88 39.82
2WKHUFXUUHQW¿QDQFLDODVVHWV 4737.23 3239.17
Total 7979.47 7576.43
Financial assets for which loss allowance is measured using Life
time Expected Credit Losses (ECL)
7UDGHUHFHLYDEOHV 3688.17 3164.34
(a) Financial assets for which loss allowance is measured using 12 month expected credit losses
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Ageing Not 0-30 31-60 61-90 91-120 More Total
due days days days days than 120
past due past past past due days past
due due due
Gross carrying amount as 6.56 1468.86 834.14 278.94 173.46 926.21 3688.17
on 31st March, 2018
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31st March, 2017
358
Power Grid Corporation of India Limited - Annual Report 2017-18
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Particulars Trade Investments Loans Advances Unbilled Total
receivables Debtors
Balance as at 1st April, 2016 29.62 29.62
,PSDLUPHQWORVVUHFRJQL]HG 2.79 0.86 3.65
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Balance as at 31st March, 2017 32.41 - - 0.86 - 33.27
,PSDLUPHQWORVVUHFRJQL]HG 15.74 18.92 34.66
$PRXQWVZULWWHQRII 0.86 0.86
Balance as at 31 March, 2018
st
48.15 - - - 18.92 67.07
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i) Financial Arrangement
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359
66. Financial Risk Management (Contd.)
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\HDUV
31st March, 2018
%RUURZLQJVLQFOXGLQJLQWHUHVWRXWÀRZV 17598.89 73984.51 99822.32 191405.72
7UDGHSD\DEOHV 240.44 240.44
2WKHU¿QDQFLDOOLDELOLWLHV 11418.98 459.60 11878.58
Total 29258.31 74444.11 99822.32 203524.74
31st March, 2017
%RUURZLQJVLQFOXGLQJLQWHUHVWRXWÀRZV 15807.46 66134.76 92633.85 174576.07
7UDGHSD\DEOHV 413.98 413.98
2WKHU¿QDQFLDOOLDELOLWLHV 10382.99 474.60 10857.58
Total 26604.43 66609.36 92633.85 185847.63
C) Market risk
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