Madhya Bharat Power Corporation Limited is successfully operating 113 MW Rongnichu HEP in Sikkim since last two years. The company has firm selling arrangement for sale of power under 35 years long term PPA with the Chhattisgarh DISCOM. The company enjoys A+/Stable rating from India Ratings & Research and A-/Stable from CARE Ratings.
The company has billed 393.22 MU (PY 286.04 MU) of power in the F.Y 2022-23 and reported ₹251.76 crore (PY ₹ 194.18 crore) as revenue from operations. Based on provisional tariff, it has earned post tax profit of ₹ 4.49 crore. The determination of final tariff is in process.
The Company holds 84.65% stake in MBPCL (76.43% directly and 8.22% through its wholly owned subsidiary Sarda Energy Limited).
