{"id":10903,"date":"2024-06-14T14:51:27","date_gmt":"2024-06-14T14:51:27","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=10903"},"modified":"2024-06-14T14:51:27","modified_gmt":"2024-06-14T14:51:27","slug":"after-a-gap-of-five-years-the-punjab-state-power-corporation-limited-pspcl-has-earned-a-profit-of-rs-1446-crore-for-the-years-2020-21-against-the-loss-of-rs-1158-crores-in-the-previous-fiscal-yea","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/after-a-gap-of-five-years-the-punjab-state-power-corporation-limited-pspcl-has-earned-a-profit-of-rs-1446-crore-for-the-years-2020-21-against-the-loss-of-rs-1158-crores-in-the-previous-fiscal-yea\/","title":{"rendered":"After a gap of five years, the Punjab State Power Corporation Limited (PSPCL) has earned a profit of Rs 1446 crore for the years 2020-21, against the loss of Rs 1,158 crores in the previous fiscal years (2019-20)."},"content":{"rendered":"<p>The information was shared by <a href=\"https:\/\/exam.pscnotes.com\/pspcl\">Pspcl<\/a> chairman-cum-managing director A Venu Prasad after the Board of all directors approved the PSPCLs annual accounts for the year 2020-21 in its meeting, which was also attended by Additional Chief Secretary (Power) Anurag Aggarwal, Principal Secretary (Finance) KAP Sinha.<\/p>\n<p>At the same time, Prasad hoped that  on financial side and improvements in operations side have their ultimate impact during tariff fixation and PSPCL would keep on serving the electricity consumers with more passion in future and keep on providing quality power supply in the State.<\/p>\n<p>Sharing details, PSPCL CMD said that the main reasons of profit mainly include reduction in finance cost of Rs 1,306 crore due to UDAY scheme, <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> increase in carrying cost of Rs 577 crore for delayed payment of subsidy, increase in grant by Rs 570 crore on account of loss funding of previous years and increase in delayed payment surcharge of Rs 156 crore from consumers.<\/p>\n<p>Punjab Government has provided subsidy of Rs 6,057 crores towards its commitment of free power to <a href=\"https:\/\/exam.pscnotes.com\/<a href=\"https:\/\/exam.pscnotes.com\/agriculture\">Agriculture<\/a>-notes-for-state-psc-exams&#8221;>Agriculture<\/a> sector, Rs 1,990 crores towards keeping the per unit energy rate to Rs five for <a href=\"https:\/\/exam.pscnotes.com\/industrial-sector\">Industrial Sector<\/a>, and Rs 1,610 crores towards full bill waiver (400 units for a <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> bill of two months) of eligible SC, BC and BPL families, he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The information was shared by Pspcl chairman-cum-managing director A Venu Prasad after the Board of all directors approved the PSPCLs annual accounts for the year 2020-21 in its meeting, which was also attended by Additional Chief Secretary (Power) Anurag Aggarwal, Principal Secretary (Finance) KAP Sinha. At the same time, Prasad hoped that on financial side &#8230; <a title=\"After a gap of five years, the Punjab State Power Corporation Limited (PSPCL) has earned a profit of Rs 1446 crore for the years 2020-21, against the loss of Rs 1,158 crores in the previous fiscal years (2019-20).\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/after-a-gap-of-five-years-the-punjab-state-power-corporation-limited-pspcl-has-earned-a-profit-of-rs-1446-crore-for-the-years-2020-21-against-the-loss-of-rs-1158-crores-in-the-previous-fiscal-yea\/\">Read more <span class=\"screen-reader-text\">After a gap of five years, the Punjab State Power Corporation Limited (PSPCL) has earned a profit of Rs 1446 crore for the years 2020-21, against the loss of Rs 1,158 crores in the previous fiscal years (2019-20).<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1092],"tags":[896],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>After a gap of five years, the Punjab State Power Corporation Limited (PSPCL) has earned a profit of Rs 1446 crore for the years 2020-21, against the loss of Rs 1,158 crores in the previous fiscal years (2019-20). - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/after-a-gap-of-five-years-the-punjab-state-power-corporation-limited-pspcl-has-earned-a-profit-of-rs-1446-crore-for-the-years-2020-21-against-the-loss-of-rs-1158-crores-in-the-previous-fiscal-yea\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"After a gap of five years, the Punjab State Power Corporation Limited (PSPCL) has earned a profit of Rs 1446 crore for the years 2020-21, against the loss of Rs 1,158 crores in the previous fiscal years (2019-20).\" \/>\n<meta property=\"og:description\" content=\"The information was shared by Pspcl chairman-cum-managing director A Venu Prasad after the Board of all directors approved the PSPCLs annual accounts for the year 2020-21 in its meeting, which was also attended by Additional Chief Secretary (Power) Anurag Aggarwal, Principal Secretary (Finance) KAP Sinha. At the same time, Prasad hoped that on financial side ... 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At the same time, Prasad hoped that on financial side ... Read more After a gap of five years, the Punjab State Power Corporation Limited (PSPCL) has earned a profit of Rs 1446 crore for the years 2020-21, against the loss of Rs 1,158 crores in the previous fiscal years (2019-20).","og_url":"https:\/\/exam.pscnotes.com\/current-affairs\/after-a-gap-of-five-years-the-punjab-state-power-corporation-limited-pspcl-has-earned-a-profit-of-rs-1446-crore-for-the-years-2020-21-against-the-loss-of-rs-1158-crores-in-the-previous-fiscal-yea\/","og_site_name":"Current Affairs Exam","article_published_time":"2024-06-14T14:51:27+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/current-affairs\/after-a-gap-of-five-years-the-punjab-state-power-corporation-limited-pspcl-has-earned-a-profit-of-rs-1446-crore-for-the-years-2020-21-against-the-loss-of-rs-1158-crores-in-the-previous-fiscal-yea\/","url":"https:\/\/exam.pscnotes.com\/current-affairs\/after-a-gap-of-five-years-the-punjab-state-power-corporation-limited-pspcl-has-earned-a-profit-of-rs-1446-crore-for-the-years-2020-21-against-the-loss-of-rs-1158-crores-in-the-previous-fiscal-yea\/","name":"After a gap of five years, the Punjab State Power Corporation Limited (PSPCL) has earned a profit of Rs 1446 crore for the years 2020-21, against the loss of Rs 1,158 crores in the previous fiscal years (2019-20). - 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