CHANDIGARH: Running its own coal mine and making optimal use of its power plants, the Punjab State Power Corporation Limited (PSPCL) has earned a profit of ₹2,685 crore for the period ending September 2024 (April to September) as compared to ₹564 crore during the corresponding period last year.
Despite the profit, PSPCL remains in poor financial straits, having to float short-term loans to meet day-to-day expenses, as the Punjab government has been faltering on reimbursing it for the power subsidies being given to domestic, agricultural and industrial users. The Punjab government owes PSPCL a whopping ₹6,000 crore (till December 2024).
This story is from the December 12, 2024 edition of Hindustan Times Chandigarh.
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This story is from the December 12, 2024 edition of Hindustan Times Chandigarh.
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