Power distribution cos record positive PAT after years of losses: Minister

The country’s power distribution utilities (DISCOMs and power departments) have collectively recorded a positive Profit After Tax (PAT) of Rs 2,701 crore in the year 2024-25, marking a significant turning point for the sector, Manohar Lal, Union Minister of Power, said.

- TBG NETWORK

The distribution utilities as a whole have been reporting PAT losses for the past several years since the unbundling and corporatisation of State Electricity Boards.

As per a statement from the Ministry of Power, the positive PAT of Rs 2,701 crore returned in 2024-25 compares to a loss of Rs 25,553 crore in 2023-24 and a loss of Rs 67,962 crore in 2013-14.

Minister Manohar Lal said this marks a new chapter for the distribution sector and is the result of several steps taken to address its concerns.

The Minister said this achievement was possible due to the leadership and vision of Prime Minister Narendra Modi captured in his words that, “India is driving not only its growth but also the growth of the world, with the energy sector playing a significant role in this.”