Excellent performance of Adani Electricity
Mumbai: Due to the excellent performance of Adani Electricity, the company has topped three national rankings of the Ministry of Power. This information was given by the company on Monday. Adani Electricity has been given the number ranking for good performance in the 13th Integrated Rating Exercise conducted by Power Finance Corporation (PFC). At the same time, the company has been given A plus rating by Rural Electricity Corporation (REC) for providing good customer service. At the same time, now in the first Distribution Utility Ranking Report for FY 2023-24, the company has been ranked as India’s number one urban and overall utility. The DUR report provides a comprehensive assessment of the utility by integrating insights from previous evaluations, including the Integrated Rating Exercise and the CSRD report, which includes additional important parameters such as Renewable Purchase Obligation (RPO) compliance, system metering, demand size response and resource adequacy planning. This assessment promotes transparency, accountability and continuous improvement among power utilities, thereby moving India towards its sustainable energy goals. Kandarp Patel, Managing Director, Adani Electricity Mumbai Limited said that it is a proud moment for us to achieve the highest rankings consecutively in all three prestigious national assessments.
He said that we are dedicated to providing smarter, cleaner and more reliable power services, ensuring a brighter future for all. Adani Electricity serves more than 30 lakh consumers in Mumbai and is one of only six distribution companies in the country to receive an A+ rating in the CSRD report.
In the Integrated Rating Exercise, Adani Electricity has demonstrated excellent financial management, strong debt service coverage and operational efficiency. It has established itself as one of the financially strongest companies in India.
