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Discoms post Rs 2,701 cr profit in FY25 after years of...

Share FacebookTwitterWhatsAppPinterestLinkedinCopy URLTelegramEmailTumblrReddItPrintKoo New Delhi, Jan 18 : Power distribution utilities in the country collectively recorded a profit of Rs 2,701 crore in FY25 after having incurred losses for several years, an official statement said on Sunday. Distribution utilities as a whole have been reporting losses for past several years since unbundling and corporatization of State Electricity Boards. The utilities collectively posted a loss of Rs 25,553 crore in FY24 and a loss of Rs 67,962 crore in FY14, the power ministry said in a statement.

Discoms post Rs 2,701 cr profit in FY25 after years of...

Credit: Dailyexcelsior

Key Highlights

  • Commenting on the profit in FY25, Power Minister Manohar Lal said this marks a new chapter for the distribution sector and is a result of several steps taken by the ministry to redress the concerns of the distribution sector.
  • “India is driving not only its growth but also the growth of the world, with the energy sector playing a significant role in this,” Lal said.
  • He said the government is committed to the required reforms in the sector so that the power sector can support India’s growing economy and play its part in the journey towards Viksit Bharat.
  • The ministry said the result of reforms is evident not just in the PAT posted by distribution companies (discoms) after so many years, but also in other performance indicators.
  • The Aggregate Technical & Commercial (AT&C) losses have reduced over the years, signalling a transformation.
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Sources

  1. Discoms post Rs 2,701 cr profit in FY25 after years of...

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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