Adani Electricity Mumbai Tops FY24 DISCOM Rankings
POWER & RENEWABLE ENERGY

Adani Electricity Mumbai Tops FY24 DISCOM Rankings

The Ministry of Power has released its 13th annual integrated ratings report for FY 2024, evaluating the financial and operational performance of 52 power distribution companies (DISCOMs). The assessment covered parameters like the Average Cost of Supply–Average Realizable Revenue (ACS-ARR) gap, Aggregate Technical and Commercial (AT&C) losses, billing efficiency, collection efficiency, governance, subsidy realisation, and tariff cycle adherence. 

Adani Electricity Mumbai Ltd. (AEML) retained its top position with an integrated score of 99.8, driven by improvements across key metrics. AEML reduced its AT&C losses from 6.48% in FY23 to 6.12% in FY24 and increased billing efficiency from 93.73% to 94.13%. The ACS-ARR gap improved by Rs 0.91/kWh, while days receivable and payable were cut to 15 and 37 days, respectively. 

Dakshin Gujarat Vij Company secured second place with a score of 97.5, excelling in AT&C loss reduction and collection efficiency. Noida Power Company ranked third with a score of 97.2, showing better liquidity management despite a slight increase in its ACS-ARR gap. Other top performers included Madhya Gujarat Vij Company, Uttar Gujarat Vij Company, and Uttar Haryana Bijli Vitran Nigam. 

Overall, AT&C losses across DISCOMs rose from 15.3% to 16.3% due to decreased collection efficiency, while the ACS-ARR gap narrowed from Rs 0.59/kWh to Rs 0.39/kWh, reducing the absolute cash gap to Rs 580 billion. 

(Mercom)            

The Ministry of Power has released its 13th annual integrated ratings report for FY 2024, evaluating the financial and operational performance of 52 power distribution companies (DISCOMs). The assessment covered parameters like the Average Cost of Supply–Average Realizable Revenue (ACS-ARR) gap, Aggregate Technical and Commercial (AT&C) losses, billing efficiency, collection efficiency, governance, subsidy realisation, and tariff cycle adherence. Adani Electricity Mumbai Ltd. (AEML) retained its top position with an integrated score of 99.8, driven by improvements across key metrics. AEML reduced its AT&C losses from 6.48% in FY23 to 6.12% in FY24 and increased billing efficiency from 93.73% to 94.13%. The ACS-ARR gap improved by Rs 0.91/kWh, while days receivable and payable were cut to 15 and 37 days, respectively. Dakshin Gujarat Vij Company secured second place with a score of 97.5, excelling in AT&C loss reduction and collection efficiency. Noida Power Company ranked third with a score of 97.2, showing better liquidity management despite a slight increase in its ACS-ARR gap. Other top performers included Madhya Gujarat Vij Company, Uttar Gujarat Vij Company, and Uttar Haryana Bijli Vitran Nigam. Overall, AT&C losses across DISCOMs rose from 15.3% to 16.3% due to decreased collection efficiency, while the ACS-ARR gap narrowed from Rs 0.59/kWh to Rs 0.39/kWh, reducing the absolute cash gap to Rs 580 billion. (Mercom)            

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?