An Analysis of Financial Management of Electricity Company in Kota, Rajasthan
Laxmi Saxena*; Dr. Pratima Rawal**
*Research Scholar; **Assistant Professor School Of Management
Career Point University, Kota , Rajasthan-India
Corresponding Author: email@example.com
On 19th July 2000, Government of Rajasthan issued a gazette notification by which Rajasthan State Electricity Board (RSEB) was unbundled into new entities based on functional specialization. RSEB was unbundled into five new entities out of which Rajasthan Rajya Vidyut Prasaran Nigam Ltd., (RVPN) is constituted as transmission company. Rajasthan Rajya Vidyut Prasaran Nigam Ltd (RVPN) was discharging wheeling of power and electricity transmission only. The Transmission Company operates all the 765 kV, 400kV, 220 kV and 132 kV electricity lines and system in the State.
Rajasthan Rajya Vidyut Prasaran Nigam Ltd (RVPN) deliver power from the location of generation to inter-phase point of Discoms so as to enable them to supply where it is needed either in the homes or in businesses they serve. The main important objective of the RVPN is to provide reliable electric transmission service to the customers. Being infrastructure of RVPN it serves as the link in transporting electricity to millions of electricity users as a public utility. RVPN is a Government Company and its Authorized Share Capital is Rs. 7000 crore and paid up capital is Rs.4441.04 as on 31.13.2019. RVPN is a State Power Transmission Utility, wholly owned by the Government of Rajasthan which undertakes activities relating to transmission of power and management of load dispatch in the state of Rajasthan. This study analysis the capital structure and financial performance of Rajasthan Rajya Vidyut Prasaran Nigam Ltd (RVPN) of the last three years 2016-17 to 2018-19. The required data were collected from the secondary source i.e. audited final accounts of RRVPNLTD. This research paper was an effort to identify its financial strength and weakness with the help of various financial analysis tools and techniques.
Key Words:- Financial analysis, public utility, wheeling power, transmission etc.