Modi’s UDAY impact! Now, both Haryana discoms turn profitable after a gap of 15 years

Posted On : September 05, 2018

Under Narendra Modi government’s rescue scheme, UDAY, now both Haryana power distribution companies have posted a profit after a gap of about 15 years. Both Dakshin Haryana Bijli Vitaran Nigam (DHBVN) and Uttar Haryana Bijli Vitran Nigam (UHBVN) have posted a combined profit of Rs 115 crores, nearly two-and-a-half years after the ambitious Ujwal DISCOM Assurance Yojana (UDAY) financial rescue scheme was launched.

In December 2016, Dakshin Haryana Bijli Vitaran Nigam became the first discom to post a profit of over 200 crore in the first half of the financial year 2015-16 under the scheme. The government aims to make every discom profitable before 2019. However, the aggregate technical and commercial (AT&C) losses of discoms in 24 states were 18.99%, as per latest data on UDAY portal on Friday. Haryana chief minister Manohar Lal Khattar congratulated both the discoms on Twitter for turning profitable.