PSPCL Posts Rs 564 Crore Q3 Profit On Lower Power Purchase, More Generation

PSPCL took several measures to ensure that power purchase cost remains under check, a statement said

The Punjab State Power Corporation Ltd (PSPCL) has made a profit of Rs 564.76 crore for period ending September as against a loss of Rs 1,880.25 crore in the year-ago period.

Under the Aam Aadmi Party (AAP) government led by Chief Minister Bhagwant Mann, the timely repayment of Rs 12,342 crore subsidy to PSPCL helped considerably, according to a statement.

The Punjab government's support was vital for PSPCL to achieve the profit of 564.76 crore. The state government's role was instrumental in amplifying the power company's revenue surge and tariff adjustments.