Madhya Bharat Power Corporation Limited is operating 113 MW Rongni Chu HEP in Sikkim. The company enjoys A+/Stable rating from India Ratings & Research and A-/Stable from CARE Ratings. The company has a strong presence in the state of Sikkim and has been instrumental in promoting socio-economic development of the project area.
The company has billed 367.25 MU of power in 2023-24 as against 393.22 MU in 2022-23 and reported revenue from sale of power of ₹ 260.08 crore in 2023-24 as against ₹ 251.76 crore in 2022-23. Based on provisional tariff, it has earned post tax profit of ₹ 12.02 crore in 2023-24 as against ₹ 4.49 crore in 2022-23. 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).
During the year 2023-24, the company reported loss of ₹ 1.23 crore against profit of ₹ 2.92 crore in 2022-23.
The Company continues to hold 51% stake in PPL.
