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KSEB; Operating profit for fourth consecutive year; The loss was caused by the UDF government

Thiruvananthapuram
KSEB has achieved working revenue for the fourth consecutive 12 months. Working revenue was Rs 208 crore in 2018-19, Rs 166 crore in 2019-20 and Rs 150 crore in 2020-21. 600 crore in 2021-22.

Underneath the management of Energy Minister MM Mani, over the past LDF authorities, the Board was in a position to overcome the financial influence of the worst floods of the century and the Corona. Considerably, the transmission and distribution losses elevated from 14 per cent to 9.34 per cent. The avoidance of excessive curiosity money owed and the management of varied upkeep and administrative bills had been essential. That is adopted by an working revenue of Rs 600 crore this time. The rise in energy era attributable to heavy rains and the sale of electrical energy at larger costs on the ability change had been constructive components. The environment friendly and full discharge of duty by the officers and staff additionally led to achievement. If administration had been strictly financially disciplined and averted high-cost measures, working revenue margins would have been even larger.

Working revenue for the 12 months 2018-19 to 2021-22 is calculated excluding future pension liabilities.
The figures additionally present that the propaganda that there was a discount within the salaries of the staff and an working revenue of Rs 600 crore is fake. 5639 crore is proven as wage expenditure for 2020-21. The marketing campaign estimates that this can be `3680 crore in 2021-22 and the minimal expenditure on salaries of workers. Expenditure for 2020-2-21 consists of future pension liabilities. 2021–-22 is excluded. That is additionally required by Indian firm legislation.

The loss was attributable to the UDF authorities
Throughout the Oommen Chandy-led UDF authorities from 2011 to 2016, KSEB suffered enormous losses. The cumulative loss authorized by the Regulatory Fee for this era and the monetary 12 months 2016-17 is `7000 crore. This makes it tough to repay the mortgage and its curiosity. The central authorities’s tariff coverage is to get better losses by electrical energy tariffs. This additionally applies to receiving an RDS grant. That is the primary issue that prompted the Board to strategy the Regulatory Fee for charge reform.


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