Adani Electricity’s technical and commercial losses shrink to 5.93%
Power discom Adani Electricity Mumbai on Tuesday said that its aggregate technical and commercial losses have reduced to 5.93 per cent in FY23 as against 6.55 per cent recorded a year ago.
The Adani Group entity said it upped monitoring on the power theft side, which resulted the key ratio coming down to what it claimed as one of the lowest in the industry across the country.
It registered 774 first information reports with the local police for power thefts in FY23, more than double from 391 registered in FY22, as per an official statement.
There were over 18,542 raids in FY23 as against 10,458 in FY22, while the irregularity assessed went up to Rs 38.48 crore in FY23 from Rs 21.75 crore in the year-ago period.
