NEW DELHI: State-owned Energy Grid Company on Wednesday posted a ten.5 per cent rise in consolidated web revenue to Rs 4,028.25 crore within the December quarter, primarily on the again of upper revenues. Its consolidated web revenue stood at Rs 3,645.29 crore within the year-ago interval, the corporate mentioned in a regulatory submitting. Its complete earnings elevated to Rs third quarter 11,819.70 crore within the of FY24 from Rs 11,530.22 crore a yr in the past. The corporate’s board of administrators, of their assembly on Wednesday, authorized the cost of a second interim dividend of Rs 4.50 per fairness share of Rs 10 every (on the price of 45 per cent of the paid-up fairness share capital) for 2023-24. The second interim dividend shall be paid to members on March 5, 2024. That is along with the interim dividend of Rs 4 per fairness share for the FY 2023-24. The interim dividend for the yr thus quantities to Rs 8.5 per fairness share of Rs 10 every, which is 13.33 per cent larger than that of the earlier yr’s interim dividend, adjusted for bonus difficulty, Powergrid mentioned in a separate assertion. The corporate utilised a capital expenditure of Rs 7,690 crore on a consolidated foundation through the first 9 months of FY24. Powergrid’s gross fastened property on a consolidated foundation stood at Rs 2,74,543 crore as of December 31, 2023. In Q3 FY24, below tariff-based aggressive bidding, Powergrid was declared the profitable bidder for six inter-state transmission system (ISTS) initiatives with an estimated price of Rs 20,479 crore. On the finish of Q3 FY24, the full transmission property of Powergrid and its subsidiaries stood at 1,76,530 ckm (circuit kilometre) of transmission traces, 276 substations and 5,17,860 MVA (megavolt-amperes) of transformation capability. Powergrid maintained a mean transmission system availability of 99.86 per cent through the first 9 months of FY24.