Haryana Vidyut Prasaran Nigam Ltd. holds 27th Annual General Meeting
Babushahi Bureau
Chandigarh, October 1, 2024 – The 27th Annual General Meeting (AGM) of Haryana Vidyut Prasaran Nigam Ltd. (HVPNL), a Haryana State Transmission Utility, was held on September 30, 2024.
The meeting featured the presentation of the Annual Report for the financial year 2023-24, highlighting the company's impressive performance and strategic developments.
A.K. Singh, Additional Chief Secretary and Chairman of HVPNL, addressed the attendees, stating, "The growth of the corporation over the years has been consistent, and for the financial year 2023-24, the Revenue and Profit After Tax (PAT) have shown encouraging results. For the year ending March 31, 2024, HVPNL recorded a Revenue of Rs 2,732.48 Crores and a PAT of Rs 295 Crores.
The capitalization of the corporation stands at Rs 912.36 Crores, with Net Worth increasing from Rs 5,036.01 Crores to Rs 5,315.28 Crores during the financial year 2023-24."
Dr. Amit K. Agrawal, Managing Director, provided further insights, stating that HVPNL has successfully commissioned 11 new substations—comprising 1 of 220 kV, 3 of 132 kV, and 7 of 66 kV— while also augmenting 59 existing substations during the financial year 2023-24. During this period, corporation has made a capacity addition of 3,226 MVA.
"The transmission losses of corporation was 2%, as against the benchmark of 2.02%. Moreover, the transmission system availability reached 99.5723%, exceeding the normative availability of 99.200%."
About Haryana Vidyut Prasaran Nigam Ltd.
HVPNL is primarily engaged in the transmission of electricity, facilitating the delivery of power from generation companies through an extensive transmission network to distribution companies.The company holds a Business License from the Haryana Electricity Regulatory Commission (HERC) for Transmission and Bulk Supply of Power in Haryana.
HVPNL's core objectives include the planning, design, construction, erection, and maintenance of transmission lines and substations at voltage levels of 66 kV and above, alongside the necessary communication facilities and associated works.