{"id":436273,"date":"2021-09-16T10:09:43","date_gmt":"2021-09-16T04:39:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=436273"},"modified":"2021-09-16T11:14:29","modified_gmt":"2021-09-16T05:44:29","slug":"financial-prudence-cut-in-loan-has-pspcl-in-profit-for-1st-time-in-5-years","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/financial-prudence-cut-in-loan-has-pspcl-in-profit-for-1st-time-in-5-years\/","title":{"rendered":"Financial prudence, cut in loan has PSPCL in profit for 1st time in 5 years"},"content":{"rendered":"<p>Patiala Financial diligence, reduction in cost of money and improvement in operational efficiency have led the Punjab State Power Corporation Limited (PSPCL) to report a profit of \u20b91,446 crore for 2020-21 for the first time in five years. In 2019-20, the utility had reported a loss of \u20b91,158 crore. Transmission and distribution losses also came down slightly. <\/p>\n<p>Elaborating, chairman and managing director A Venu Prasad said, \u201cWe saw a reduction in finance cost of \u20b91,306 crore due to the Ujwal-DISCOM Assurance Yojana (UDAY) scheme; there was an increase in carrying cost of \u20b9577 crore for delayed payment of subsidy, increase in grant by \u20b9570 crore on account of loss funding of previous years and increase in delayed payment surcharge of \u20b9156 crore from consumers.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Patiala Financial diligence, reduction in cost of money and improvement in operational efficiency have led the Punjab State Power Corporation Limited (PSPCL) to report a profit of \u20b91,446 crore for 2020-21 for the first time in five years. In 2019-20, the utility had reported a loss of \u20b91,158 crore. Transmission and distribution losses also came down slightly. Elaborating, chairman and managing director A Venu Prasad said, \u201cWe saw a reduction in finance cost of \u20b91,306 crore due to the Ujwal-DISCOM Assurance Yojana (UDAY) scheme; there was an increase in carrying cost of \u20b9577 crore for delayed payment of subsidy, increase [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,236],"tags":[],"class_list":["post-436273","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-power-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/436273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=436273"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/436273\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=436273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=436273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=436273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}