Last Updated: 18 Dec 2024

PSPCL had loss of ₹4,775.93 crore during 2022-23^[1]

FY 2023-24: PSPCL earns ₹830.37+ crore profit^[2]

-- Rs 1,003 crore earned by sale of power to other states
-- The power purchase bill declined by ₹1,447 crore due to smart power management

FY 2024-25: PSPCL projects ₹1,558 crore profit^[3]
-- ₹2,685 cr profit for 1st 6 months i.e. April - Sept 2024^[4]

2025-26^[5]: The PSPCL has projected surplus of Rs 2,528 crore

¶ 2023-24 Profitable^[1:2]

• PSPCL sold electricity worth ₹1003 crore this year against ₹293 crore in 2022-23
• 48% reduction in power purchase from the open exchange
• From 4,773 million units in 2022, power purchase (short terms and exchange purchase) came down to 2,480 million units in 2023

¶ How?^[3:2]

• Smart Power Management Power Banking with other States
• Punjab govt Doubles electricity production 100% jump in its power plants
• Govt's own coal mine in pachwara started after 8 years Saves crores

References:

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1. https://www.businesstoday.in/latest/economy/story/pspcl-registers-rs-564-crore-q3-profit-amidst-reduced-power-purchase-and-increased-generation-407988-2023-12-02 ↩︎ ↩︎ ↩︎

2. https://www.hindustantimes.com/cities/chandigarh-news/from-loss-to-profit-pspcl-nets-830-in-2023-24-fiscal-101723142636532.html ↩︎ ↩︎

3. https://www.hindustantimes.com/cities/chandigarh-news/pspcl-seeks-lowest-tariff-hike-in-15-yrs-as-financial-health-improves-101702580788072.html ↩︎ ↩︎ ↩︎

4. https://www.hindustantimes.com/cities/chandigarh-news/pspcl-profits-only-on-paper-as-subsidy-burden-mounts-101733942927210.html ↩︎

5. https://www.tribuneindia.com/news/punjab/revenue-surplus-pspcl-proposes-meagre-tariff-hike-for-2025-26/ ↩︎ ↩︎