Adani Electricity Mumbai Ltd (Adani Electricity) topped the country’s 71 electricity distribution companies for its overall governance including financial sustainability, performance excellence and external environment.
According to the release, in the Ministry of Power’s 11th edition of the ‘Annual Integrated Rating and Ranking’ of the country’s power distribution utilities, Adani Electricity secured the 1st rank with Grade A+ and the highest integrated score of 99.6 out of 100. The rating report is prepared by McKinsey and Company and the assessment is based on the accounts of the past three financial years, from 2019-2020 to 2022- 2023.
All five discoms of Gujarat are also in the top slot with an A+ ranking, along with the other private discom of Mumbai (Tata Power Mumbai), Noida Power Company, and two discoms of Haryana. Earlier, Adani Electricity announced the least tariff hike among Maharashtra’s discoms for the period reviewed under the Multi-Year Tariff mechanism.
This demonstrates the benefits to the end users on account of Adani Electricity’s prudent financial and operational practices. In the exhaustive evaluation exercise, Adani Electricity emerged as the best and only private utility to be rated in the top five and is also one of 15 discoms to not have any negative marking.
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