The Ministry of Power (MoP) has released the Ranking & Ninth Integrated Ratings for State-owned Power Distribution Utilities covering 41 state power discoms for the rating period 2019-20, on the occasion of Power Finance Corporation’s (PFC) 36th Foundation Day.
The top A+ rating has been given to five discoms – Uttar Gujarat Vij Company Limited, Madhya Gujarat Vij Company Limited Dakshin Gujarat Vij Company Limited, Paschim Gujarat Vij Company Limited, and Dakshin Haryana Bijli Vitran Nigam Limited. At the other end of the spectrum with C rating are Eastern Power Distribution Company of AP Limited, Jaipur Vidyut Vitran Nigam Limited, Meghalaya Power Distribution Corporation Limited, Jharkhand Bijli Vitran Nigam Limited, Manipur State Power Distribution Company Limited, Tripura State Electricity Corporation Limited, Tamil Nadu Generation and Distribution Corporation, and Jodhpur Vidyut Vitran Nigam Limited. Further, according to the MoP, the losses of state-owned electricity discoms have declined by over 37 per cent to Rs 380 billion in 2019-20 from Rs 613.60 billion in 2018-19.