Journal of Commerce and Accounting Research

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

A Comparative Study on Financial Performance of Power Generating Companies in India


Affiliations
1 Ph.D Scholar, Department of Management, Sikkim University, Gangtok, Sikkim, India
2 Assistant Professor, Department of Management, Sikkim University, Gangtok, Sikkim, India
     

   Subscribe/Renew Journal


Electricity is one of the most important factor which helps in building the economy of any nation. Various amendments in electricity laws have been made to improve the performance of electric power sector companies. The electric power companies are controlled by both the government and private sector. The government of India keeping in view the improvement of power sector companies have made lot of changes in various ways. The main objective of this paper is to analyse the financial performance of power generating companies. The findings of this paper is that the financial performance of government owned power generating companies are more efficient than the private sector power generating companies in India.

Keywords

Generation, Ratio Analysis, Financial Performance Analysis.

JEL Classification: M49.

Subscription Login to verify subscription
User
Notifications
Font Size


  • Baijal, P. (1999). Restructuring power sector in India: A base paper. Economic and Political Weekly, 34(39), 2795-2803.

  • Das, A., & Parikh, J. (2000). Making Maharashtra state electricity commercially viable. Economic and Political Weekly, 35(14), 1201-1208.

  • Ghosh, K. (2018, September 12). Quartz India web page. Retrieved from Quartz India. Retrieved from https://qz.com/india/1386574/rbis-bankruptcy-push-against-indianpower-assets-stayed/

  • Gurtoo, A., & Pandey, R. (2001). Power sector in Uttar Pradesh: Past problems and initial phase of reforms. Economic and Political Weekly, 36(31), 2943-2953.

  • Jain, V. (2004). Reviving power sector: Need for a rethink. Economic and Political Weekly, 39(13), 1383-1384.

  • Kannan, K., & Pillai, N. (2001). Plight of power sector in India - II: Financial performance of SEBs. Economic and Political Weekly, 36(3), 234-246.

  • Katiyar, S. K. (2005). Political economy of electricity theft in rural areas: A case study from Rajasthan. Economic and Political Weekly, 40(7), 644-648.

  • Khurana, M., & Banerjee, S. G. (2015). The financial performance of India’s power sector. Washington: The World Bank.

  • Mathur, D., & Johal, R. K. (2004). Setting risk-based returns in power sector: An alternative approach. Economic and Political Weekly, 39(13) 1413-1420.

  • Paun, D. (2017). Sustainability and financial performance of companies in the energy sector in Romania. MDPI Sustainability, 9, 1-11.

  • Phadke, A., & Rajan, S. C. (2003). Electricity reforms in India: Not too late to go back to the drawing boards. Economic and Political Weekly, 38(29), 3061-3072.

  • Raghavan, M. (2004). Review: Problems of distribution. Economic and Political Weekly, 39(11), 1138-1140.

  • Ranganathan, V. (1999). Restructuring Indian power sector. Economic and Political Weekly, 31(50), 3474.

  • Ranganathan, V. (2004). Electricity act 2003: Moving to a competitive environment. Economic and Political Weekly, 39(20), 2001-2005.

  • Ranganathan, V. (2005). Determining T&D losses in India: Their impact on distribution privatisation and regulation. Economic and Political Weekly, 40(7), 657-668.

  • Reddy, A. K., & Sumithra, G. D. (1997). Karnataka’s power sector: Some revelations. Economic and Political Weekly, 32(12), 585-600.

  • Sankar, T. (2003). Rise fall and reform. Economic and Political Weekly, 38(12/13), 1171-1178.

  • Santhakumar, V. (2003). Impact of distribution of cost and benefits of non-reform: Case study of power sector reforms in Kerala between 1996 and 2000. Economic and Political Weekly, 38(2), 147-154.

  • Sharma, S. N., Layak, S., & Baiju, K. (2018, September 16). Economic Times web page. Retrieved from Economic Times web site: https://economictimes.indiatimes.com/industry/energy/power/how-indias-power-story-derailedblowing-a-rs-1-74-lakh-crore-npa-hole/articleshow/65822950.cms

  • Shreekumar, N., Reddy, M., & Raghu, K. (2007). Strengths and challenges of Andhra Pradesh power sector. Economic and Political Weekly, 12(15/16), 24-27.

  • Sinha, S. (2005). Introducing competition in the power sector: Open access and cross subsidies. Economic and Political Weekly, 40(7), 631-637.

  • Sukla, S., & Singh, R. K. (2019, May 1). Bloomberg.com. Retrieved from Bloomberg Web site: https://www.bloomberg.com/news/articles/2018-09-07/india-crackdown-said-to-put-12-power-assets-at-bankruptcy-risk

  • Vyas, V. H. (2015). Financial performance analysis of select companies of power sector in India. International Journal of Applied Research, 1(6), 212-219.

  • Central Electricity Authority. (2016). Load generation balance report 2016-17. New Delhi: Central Electricity Authority, Ministry of Power, Government of India.

  • Ministry of Power. (2016). State distribution utilities fourth annual integrated rating. New Delhi: Ministry of Power, Government of India.

  • Power Finance Corporation Ltd. (2016). The Performance of State Power Utilities for the years 2012-13 to 2014-2015: Power Finance Corporation Ltd, Government of India: undertakings.


Abstract Views: 282

PDF Views: 1




  • A Comparative Study on Financial Performance of Power Generating Companies in India

Abstract Views: 282  |  PDF Views: 1

Authors

Aditya Rai
Ph.D Scholar, Department of Management, Sikkim University, Gangtok, Sikkim, India
Achanta Ravi Prakash
Assistant Professor, Department of Management, Sikkim University, Gangtok, Sikkim, India

Abstract


Electricity is one of the most important factor which helps in building the economy of any nation. Various amendments in electricity laws have been made to improve the performance of electric power sector companies. The electric power companies are controlled by both the government and private sector. The government of India keeping in view the improvement of power sector companies have made lot of changes in various ways. The main objective of this paper is to analyse the financial performance of power generating companies. The findings of this paper is that the financial performance of government owned power generating companies are more efficient than the private sector power generating companies in India.

Keywords


Generation, Ratio Analysis, Financial Performance Analysis.

JEL Classification: M49.


References