Archive · 24 Jan 2026
PSPCL Upgraded to A in National Ranking
The Punjab State Power Corporation Limited (PSPCL) has been upgraded to an A grade in the national ranking of power utilities for the financial year 2024-25.
PSPCL is now ranked 11th out of 54 utilities across the country, showing a sustained improvement from its previous score of 76.99 to 89.22.
Punjab is the second-best performing state-run power utility, just after Gujarat.
Meanwhile, Adani Electricity has retained its A+ national ranking, highlighting its consistent performance in delivering reliable power supply, maintaining low losses, and upholding strong financial discipline.
The sector as a whole has turned profitable, reporting a combined profit after tax of Rs 2,701 crore for FY25, a significant improvement from a loss of Rs 27,022 crore in FY24.
Adani Electricity's billing efficiency remains consistently high at over 95%, with collection efficiency close to 100%.
PSPCL upgraded to A grade in the 14th annual integrated rating for 2024-25.
PSPCL ranked 11th out of 54 power distribution utilities in India.
Punjab is the second-best performing state-run power utility, after Gujarat.
PSPCL's score improved from 76.99 to 89.22, showing a sustained improvement.
Adani Electricity retains A+ ranking, highlighting consistent performance and high efficiency.
- Who
- Punjab State Power Corporation Limited (PSPCL) and Adani Electricity
- What
- PSPCL upgraded to A grade and Adani Electricity retains A+ ranking in national power utilities ranking
- When
- Financial year 2024-25
- Where
- India
- Why
- Improved performance with PSPCL scoring 89.22 and Adani Electricity maintaining high standards
Public Sector Performance
Private Sector Dominance
Public vs. Private Utilities
Public Sector Performance
PSPCL is the second-best performing state-run power utility, demonstrating that public sector utilities can achieve high standards with sustained improvement.
Private Sector Dominance
Most top ranks in the national ranking are occupied by private distribution companies, indicating that private sector utilities generally outperform public ones.
- Rank
- 11th out of 54
- Score
- 89.22
- Grade
- A
- Previous Rank
- 12th out of 52
- Previous Score
- 76.99
- Previous Grade
- A
- Best State-Run Utility
- Gujarat
- Punjab's Position
- Second-best state-run utility
- Adani Electricity's Ranking
- A+
- Sector Profit (FY25)
- Rs 2,701 crore
- Sector Loss (FY24)
- Rs 27,022 crore
- Adani Electricity's Billing Efficiency
- Over 95%
- Adani Electricity's Collection Efficiency
- Close to 100%
