Punjab Electricity Board turns Profitable: AAP Magic

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Last Updated: 28 September 2026

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 earns ₹2,630.42 crore profit[3]
-- Total income rose by ₹5,615.90 crore to ₹49,570.44 crore[3:1]
-- Profit of ₹6,216 crore as per Centre's 14th Integrated Rating of power discoms[4]

National Ranking: PSPCL ranked 2nd in India with A+ grade in Centre's 14th Integrated Rating of Power Distribution Companies (2024-25)[4:1]

FY 2025-26 (Apr–Dec 2025, 9 months): PSPCL posted ₹4,202.85 crore profit[5]
-- Tariff petition had projected a surplus of Rs 2,528 crore for full 2025-26[6]

Year Profit
2025-26 (Apr–Dec 2025)[5:1] ₹4,202.85 crore (9 months)
2024-25[3:2] ₹2,630.42 crore
2023-24[2:1] ₹830.37 crore
2023-24 (Apr–Sep 2023)[1:1] ₹564.76 crore (half year)
2022-23[1:2] - ₹4,775.93 crore

2023-24 Profitable[1:3]

  • 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?[7]

References:

  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.tribuneindia.com/news/punjab/despite-growing-subsidy-bill-pspcl-logs-2-6k-cr-profit/ ↩︎ ↩︎ ↩︎

  4. https://www.tribuneindia.com/news/punjab/pspcl-bags-2nd-spot-in-national-rankings/ ↩︎ ↩︎

  5. https://www.babushahi.com/opinion.php?oid=2091 (article by ex-Deputy Secretary PR, PSPCL, 15 March 2026) ↩︎ ↩︎

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

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

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