Inspenet, April 21, 2023
Adani Electricity Mumbai Ltd has achieved a new milestone. Ranked #1 out of 71 electricity distribution companies in India for its global governance, including financial sustainability, performance excellence and external environment.
In the 11th edition of the Ministry of Energy’s “Annual Integrated Rating & Ranking” on the country’s public power distribution services, Adani Electricity secured first place with Grade A+ and the highest integrated score of 99.6 out of 100. . The qualification report is prepared by McKinsey & Company and the evaluation is based on the accounts of the last three financial years, from 2019-2020 to 2022-2023.
The lowest rate increase in the last three years
Adani Electric City Mumbai Limited has announced the lowest rate increase among all distribution companies as assessed by McKinsey & Company based on the last three financial years of electricity distribution from 2019-2020 to 2022-2023 Is. The report states that this reflects the financial responsibility and operations of the company.
Adani Electric City is one of 15 distribution companies with no negative rating
Adani Electricity Mumbai Limited is the only private company in the top five. Also, it is one of the 15 electricity companies that have not obtained any negative score. The company plans to double the production and distribution of new energy in the coming years.
The ranking is published every year
Registered Ratings and Ratings are issued annually by Power Finance Corporation Limited. A total of 71 power distribution utilities including 45 state-owned, 14 private and 12 electricity departments across India have been covered in this comprehensive assessment.
About Adani Electricity Mumbai Limited
Adani Electricity Mumbai Limited, serves more than 3.1 million customers spread over 400 square km. In Mumbai and its suburbs they supply an energy demand of more than 2,000 MW with a reliability of 99.99%, among the highest in the country. It offers excellent customer support services with the help of advanced technologies.
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