Chhattisgarh State Power Distribution Co. Faces Rs 1050.76 Crore Loss in December Quarter

Chhattisgarh State Power Distribution Co.is filing a massive standalone net loss of Rs 1,050.76 crore for the quarter ending December 2024, a very steep decline from its net profit in that quarter a year earlier. It made substantial sales growth of 10.99 %, reaching up to Rs 5,653.69 crore in the March 2024 quarter. This setback raises worries about the multitude of challenges facing the power distribution sector in the state, and may prompt greater scrutiny of the companys operational strategies and market conditions affecting its performance5.

 

Source: Business Standard