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
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?