India Power's PAT rises 60% to Rs 26.66 crore in FY21

Friday, 11 Jun, 8.05 pm

Customer base increases by 52%

Mumbai, June 11, 2021: India Power Corporation Limited ('India Power'), one of the most efficient power distribution companies in the country,has reported a profit after tax ('PAT') of Rs 26.66 crore in the financial year 2020-21 ('FY21') as compared to Rs 16.69 crore a year earlier, registering a growth of 60%.

Accelerated sales growth, procuring power at competitive prices and upgradation of conventional infrastructure to smart utility infrastructure (SCADA, IOT, smart meters, etc.) aided the company's earnings in an otherwise challenging year marked by the global coronavirus pandemic.