Mumbai, March 12, 2024 – Adani Electricity Mumbai Limited has once again affirmed its status as India’s foremost power utility, maintaining its position at the top in the 12th edition of the Ministry of Power’s Annual Integrated Rating & Ranking. Adani Electricity displayed exceptional performance across financial sustainability, operational excellence, and responsiveness to the external environment, securing its dominance in the competition.
Key Highlights:
Exceptional Performance: Adani Electricity achieved an outstanding score of 99.9 out of 100, surpassing 54 other electricity distribution companies nationwide.
Financial Strength: Adani Electricity earned a perfect score (75/75) in financial sustainability due to its prudent cash management and healthy debt metrics.
Customer Focus: Adani Electricity received top marks for performance excellence (13/13), demonstrating its dedication to providing reliable service, efficient billing, and minimized distribution losses.
Community Partnership: Adani Electricity prioritized social responsibility with a perfect ranking in the external environment category (12/12), showcasing strong relationships with all stakeholders and local communities.
Driving Success: Key Initiatives Identified in the Report:
Adani Electricity’s success is attributed to its innovative approach to power distribution:
Digital Transformation: Implementation of digitized billing, multiple payment options, and advanced meter reading capabilities to enhance customer experience. Loss Reduction: Utilization of analytics and vigilance to reduce distribution losses from 9.1% to 6.5% in just two years, passing on the benefits to customers. Financial Excellence: Adani Electricity’s robust working capital management practices ensure optimal liquidity and reduce the interest burden on customers.
Quote from Mr. Kandarp Patel, MD, Adani Electricity:
“This recognition belongs to our Valued Customers and all our Power Warriors. It’s their trust and feedback that drives us to constantly innovate and improve. We’re committed to providing Mumbai with a truly uninterrupted, reliable, and sustainable power supply, at the most competitive tariffs. We won’t stop there – we’ll keep pushing the boundaries to provide a more sustainable future to the communities we serve”.
About the Annual Integrated Rating & Ranking:
The Ministry of Power’s rigorous evaluation process assesses power utilities across India on key performance indicators, fostering transparency and accountability within the sector. The Twelfth Integrated Rating and Ranking of the Power Distribution Utilities, based on audited and provisional accounts of power distribution utilities, has been conducted by McKinsey & Company Inc with Power Finance Corporation Limited (PFC) as the nodal agency.
About Adani Electricity Mumbai Limited:
Adani Electricity Mumbai Limited, part of the diversified Adani Group, is an integrated business of power generation, transmission, and retail electricity distribution. Adani Electricity owns and operates the largest and most efficient power distribution network in India. Serving over three million households and establishments spread across 400 sq. km. in Mumbai and its suburbs, Adani Electricity meets close to 2,000 MW of power demand with 99.99% reliability, one of the highest in the country. Adani Electricity provides excellent customer care services with the help of advanced technologies. For more information, please visit www.adanielectricity.com.