The officials informed that Jaipur Discom was having loss of Rs 1,800 crore, however it has now been reduced by Rs 1,400 crore and about Rs 400 crore remains which will also be reduced in coming financial year.
In one of the remarkable cases of financial turnaround, Jaipur Discom has been able to cut down its loss by Rs 1,400 crore in the present financial year which is about to end.
The officials informed that Jaipur Discom was having loss of Rs 1,800 crore, however it has now been reduced by Rs 1,400 crore and about Rs 400 crore remains which will also be reduced in coming financial year.
This turnaround was achieved with the help of increase in electricity tariff in last financial year. Due to tariff hike, Jaipur Discom had an extra earning of Rs 700 crore Further, the discom through its various stringent measures, reduced its transmission and distribution loss by Rs 700 crore. Sources informed that the distribution loss has been reduced by 6%. Now the projected loss is Rs 400 crore.
The figures were discussed in the board of directors meeting of Jaipur Discom that was conducted on Tuesday. As it is said power saved is power produced, Jaipur Discom has saved its money that was wasted in distribution loss and this has produced good financial result for discom.
Jaipur Discom managing director R G Gupta, said that in the coming year, it is expected that there will be profit. However for this year, Jaipur Discom won’t be increasing the electricity tariff. Therefore there won’t be additional income on this account.
However Gupta claimed that by improving operational efficiency and by increasing the number of connections, losses will be reduced in the coming time. He also mentioned that since the loss has reduced, discom is now able to provide electricity round the clock in rural areas.
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