PSPCL slips to 10th position in MoP annual report

CHANDIGARH : Punjab State Power Corporation Limited (PSPCL) has slipped to number 10 in rating from the last years rating of amongst the five best performing utility in the country according to Ministry of Power’s fourth Annual Integrated Rating of State Distribution Utilities. After the publication of report PSPCL has removed its tagline “Best performing utility of the country “from its website.Punjab State Power Corporation Limited along with 9 other power utilities has been placed in B+ rating for moderate operational and financial performance capability. Last year PSPCL was amongst the five utilities which were awarded A+ rating. The other four utilities were of Gujarat and this year too they are amongst first four utilities.