Adani Electricity Mumbai Leads FY 2024 DISCOM Rankings
In India’s dynamic power distribution industry, fiscal year 2024 has put Adani Electricity Mumbai Limited (AEML) in the limelight as an epitome of excellence. The Ministry of Power’s 13th Annual Integrated Ratings and Rankings report graded 52 power distribution companies (DISCOMs) in the country on various parameters including financial health, operational performance, and external environment factors. AEML took the top spot at the apex with an integrated score of 99.8, reflecting its dedication to providing stable and sustainable power to Mumbai’s citizens.
Adani Electricity Mumbai: Leading the Charge in Electric Utility Rankings
AEML’s ascendancy in the electric utility rankings is a testament to its unwavering dedication to operational excellence and customer satisfaction. Serving over 3.1 million consumers in Mumbai, AEML has consistently demonstrated superior performance across key metrics
Aggregate Technical and Commercial (AT&C) Losses: AEML lowered AT&C losses from 6.48% in FY23 to 6.12% in FY24 due to enhanced power distribution.
- Billing Efficiency: An improvement from 93.73% to 94.13% indicates AEML’s robust billing processes and accuracy.
- ACS-ARR Gap: There was a better gap of ₹0.91 (~$0.010)/kWh between Average Cost of Supply (ACS) and Average Realizable Revenue (ARR), showing the company managed costs better and generated more revenue.
These achievements not only bolster AEML’s stature among the top power distribution companies in India but also reflect its strategic initiatives aimed at enhancing operational efficiency and financial prudence.
AEML's Commitment to Renewable Energy Integration
In alignment with global sustainability trends, AEML has been proactive in integrating renewable energy into its supply mix. As of FY24, the company successfully increased its renewable energy share to an impressive 35%, positioning Mumbai as one of the world’s leading cities in renewable power procurement. This remarkable transition from a mere 3% in FY21 underscores AEML’s commitment to environmental stewardship and its strategic alignment with Adani Green Energy’s vision of a sustainable future.
Looking ahead, AEML has set an ambitious target to elevate the renewable energy share to 60% by FY27. This initiative not only aligns with global sustainability goals but also caters to the growing demand for green energy among consumers. Notably, during Diwali 2023, AEML achieved a milestone by supplying 100% renewable energy to its three million subscribers for four hours, demonstrating its capability and commitment to a greener Mumbai.
The Competitive Landscape: Gujarat and Odisha's Prominent DISCOMs
The FY24 DISCOM rankings also shed light on the commendable performances of other states, particularly Gujarat and Odisha. Gujarat is home to many of India’s best DISCOMs, a sign of its powerful and well-built power distribution infrastructure. Similarly, three DISCOMs from Odisha secured top positions, indicating significant improvements and a focus on operational excellence in the region.
Gujarat's Exemplary Performance
Gujarat’s dominance in the rankings can be attributed to the stellar performances of its DISCOMs:
- Dakshin Gujarat Vij Company: Earned an integrated score of 97.5 and sold 29,554 million units of energy. There was improvement in managing AT&C losses which fell from 1.65% to 1.31% and the company enhanced billing efficiency from 98.4% to 98.69%.
- Madhya Gujarat Vij Company: Rated 95.6 and gross energy sales were 12,957 MU last year. Reductions in AT&C losses to 6.9% and an increase in billing efficiency to 93.33%, were noticed.
- Uttar Gujarat Vij Company: As a result of high integration (93.0) and selling 28,498 MU, the firm lowered its AT&C losses from 9.35% to 8.32% while preserving steady financial metrics.
- Paschim Gujarat Vij Company: Finished at tenth position with a score of 89.9, with 37,181 MU of net energy sales. AT&C losses dropped from 18.41% to 15.84% and billing efficiency rose from 82.61% to 86.26% in the company.
Odisha's Remarkable Progress
Odisha’s ascent in the rankings is marked by the performance of its DISCOMs:
- TP Central Odisha Distribution: Reached 8,853 MU in net energy sales and an integrated score of 91.8. The company raised billing efficiency to 78.35% from 77.36% and reduced AT&C losses from 22.64% to 21.65%.
- TP Western Odisha Distribution: Achieved a rating of 91.5, realizing a net energy volume of 10,644 MU. Significant declines in AT&C losses from 20.26% to 17.9% and improvements in billing efficiency from 81.65% to 83.47% were observed.
- TP Northern Odisha Distribution: Achieved a score of 90.9 with 6,017 MU in net energy sales. The business increased billing efficiency from 83.62% to 85.1% and reduced AT&C losses from 17.25% to 14.61%.
FAQ:
What is Adani Electricity Mumbai Limited's (AEML) ranking in India's power distribution sector for FY24?
How has AEML improved its operational efficiency in FY24?
What steps has AEML taken towards renewable energy integration?
Which states performed well in India's FY24 DISCOM rankings?
Which Gujarat and Odisha DISCOMs achieved notable improvements in FY24?
- Gujarat: Dakshin Gujarat Vij Company led with a score of 97.5, reducing AT&C losses from 1.65% to 1.31%.
- Odisha: TP Central Odisha Distribution improved its AT&C losses from 22.64% to 21.65% and enhanced billing efficiency from 77.36% to 78.35%.
