SEBs IN BAD SHAPE, ONLY TWO DO WELL WITHOUT SUBSIDIES
Article Abstract:
Out of the 19 major state electricity boards (SEBs), only those of Maharashtra and Orissa have managed to earn positive returns on their capital in 1997-98 without any subsidy help from state governments. Even they have not been able to meet the mandatory 3 percent rate of return on equity necessary to be eligible for a loan from the Power Finance Corporation. The 19 SEBs have shown an average rate of return of -16.40 percent before subsidy while their rate of return was 11.60 percent after subsidy. The highest loss maker was the Jammu and Kashmir SEB with -54.60 percent and the Delhi Electricity Supply Undertaking at -46.10 percent. (khr)
Comment:
Out of the 19 major state electricity boards (SEBs), only those of Maharashtra and Orissa have managed to earn positive returns on their capital in 1997-98 without any subsidy help from state governments.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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SABNIFE POWER SYSTEMS LIMITED
Article Abstract:
Sabnife Power Systems Limited of Hyderabad has published its unaudited financial results for the quarter ended September 30, 1998. In the 6 months ended September 30, 1998, its net sales increased by 270 percent, its profit before tax by 1,079 percent and its earning per share by 1,406 percent. (gs)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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