Adani Electricity Mumbai Ltd has announced that it has secured the top rank with an ‘A+’ grade in the Ministry of Power’s Annual Integrated Rating and Ranking of India’s power distribution utilities. The company has also received the highest integrated score of 99.6 out of 100, surpassing the performance of all 71 electricity distribution companies in India. The rating report was published on Monday and is based on the accounts of the past three financial years from 2019-2020 to 2022-2023.
The Annual Integrated Rating & Ranking exercise is conducted by the nodal agency Power Finance Corporation Ltd according to the framework approved by the Ministry of Power since 2012. It covers 71 power distribution utilities, including 45 state discoms, 14 private discoms, and 12 power departments across India. The aim of the exercise is to provide a blueprint for stakeholders to assess performance, identify gaps, measure the impact of steps taken, and plan ahead.
Adani Electricity has emerged as the best and only private utility to be rated in the top five and is also one of 15 discoms to not have any negative marking. The company’s impressive performance is a result of its overall governance, including financial sustainability, performance excellence, and external environment.
This recognition is a testament to Adani Electricity’s commitment to providing quality and reliable power to its customers. The company has invested heavily in upgrading its infrastructure and adopting new technologies to improve efficiency and reduce downtime. The company’s customer-centric approach has also contributed to its success, as it has always prioritized the needs and expectations of its customers.
Adani Electricity has set a benchmark for other power distribution companies in India, and its success serves as a motivation for others to improve their governance and performance. The company’s achievement is a testament to its hard work, dedication, and commitment to excellence. Adani Electricity has proven that it is possible to provide quality power services while maintaining financial sustainability and adhering to high standards of governance.