TNEB cuts annual losses to Rs 800 crore, reports Rs 70,000 crore revenue
The board reported a revenue of Rs 70,000 crore this fiscal, aided by a Rs 17,000 crore subsidy from the state government and an additional Rs 17,000 crore allocated to offset losses.
"Prudent financial management and government support have helped curtail losses," Radhakrishnan said during an inspection of the upcoming Government Multi-Specialty Hospital in Vellore, slated for inauguration by Chief Minister MK Stalin on June 25.
He also confirmed that power connections and transformer setups for the Rs 150-crore hospital will be operational by inauguration day, with backup generator facilities in place. Additionally, a 230-kilowatt substation at Adukkamparai Government Hospital will be functional within three months.
To prevent monsoon-related outages, TNEB plans to install three new substations in Vellore region, which currently requires 1,257 MW. Tamil Nadu's total power capacity stands at 14,800 MW, with the 1,320 MW Udangudi plant set for launch soon. The state leads nationally in wind and hydro power generation, with over 20,000 renewable energy sources, he added.
TNEB has sought approval to install smart metres for 1.42 crore consumers, aligning with national initiatives. Radhakrishnan assured no tariff hikes for domestic users, citing CM Stalin's directive. The board will also address staff shortages through government-approved recruitment.
"Agricultural and industrial growth owes much to uninterrupted power supply, propelling TN to India's second-largest industrial hub," he added. With pending projects now funded, TNEB aims to expedite pending works.
Collector VR Subbulakshmi and senior officials accompanied the MD during the review.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
14 minutes ago
- Business Standard
DJB approves over ₹917 crore for STP upgrades to boost Yamuna clean-up
Officials said that these measures are part of a broader strategy to modernise Delhi's wastewater infrastructure and comply with environmental mandates Press Trust of India New Delhi The Delhi Jal Board (DJB), in a major push towards rejuvenating the Yamuna River, approved administrative sanctions for sewage treatment plant augmentation and upgradation projects worth Rs 917.33 crore across the city in its 173rd meeting held on Monday. According to officials, the proposals aim to enhance the overall sewage treatment capacity by 51.5 million gallons per day (MGD) through infrastructure upgrades, construction of new facilities and long-term operations along with maintenance. "These initiatives align with the latest standards prescribed by the Delhi Pollution Control Committee (DPCC) and National Green Tribunal (NGT), with the objective of significantly reducing untreated effluent flowing into the Yamuna," DJB said in a statement. A key project approved involves the augmentation and upgradation of the existing 25 MGD sewage treatment plant (STP) at Yamuna Vihar Phase-III to 40 MGD, along with the construction of a new 15 MGD STP at Phase-IV, it added. The board informed that the Officials said that these measures are part of a broader strategy to modernise Delhi's wastewater infrastructure and comply with environmental mandates. Officials said that these measures are part of a broader strategy to modernise Delhi's wastewater infrastructure and comply with environmental mandates. 403 crore projects includes 12 years of operations and maintenance. Together, the two units will contribute an additional 30 MGD of treatment capacity. "Another major proposal approved was the upgradation of the Keshopur STP Phase-I, increasing its capacity from 12 MGD to 18 MGD. This Rs 133.33 crore project includes 11 years of comprehensive operation and maintenance (O&M) cost and will help treat sewage from large parts of west Delhi," it said. Additionally, a ₹381 crore project covering five STPs across south and south-west Delhi were approved. "This includes augmentation at Vasant Kunj Phase-I (2.2 to 3.2 MGD), Phase-II (3 to 4.5 MGD), Ghitorni (5 to 7.5 MGD), Mehrauli (5 to 7.5 MGD), and Okhla Phase-V (16 to 24 MGD). A total capacity increase of 15.5 MGD is expected under this plan, with 12 years of O&M support," the DJB added. Officials said that these measures are part of a broader strategy to modernise Delhi's wastewater infrastructure and comply with environmental mandates. With the Yamuna under increasing stress from untreated sewage, these upgrades are expected to have a measurable impact on pollution levels in the river. The projects will be executed in phases and are expected to begin in the upcoming fiscal year. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Economic Times
14 minutes ago
- Economic Times
Pre-market Action: Here's the trading setup for today's session
Overall, analysts expect the market to stay firm while tracking developments on US tariffs and the outcome of the US-Russia talks scheduled for this week. The Nifty saw a rebound after a six-week decline. Global market sentiment improved amid US-Russia peace talk reports. Analysts anticipate market firmness, watching US tariffs and US-Russia talks. Immediate Nifty support is at 24,337, with upside targets around 24,850 and 25,000. FIIs net sold shares, while DIIs were net buyers. The Rupee weakened against the US dollar. Tired of too many ads? Remove Ads Stocks in F&O ban today Tired of too many ads? Remove Ads FII/DII action Rupee FII data Nifty rebounded after six consecutive weeks of decline. Global market sentiments improved, following reports of US-Russia peace talks likely to be held this analysts expect the market to stay firm while tracking developments on US tariffs and the outcome of the US-Russia talks scheduled for this View: We're not completely out of the woods yet, but Monday's bounce from the recent low carries enough steam to power further gains. Immediate support lies at 24,337, with the next upside targets seen around 24,850 and 25,000. India VIX : India VIX, which is a measure of the fear in the markets, rose 1.54% to settle at 12.22 in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position portfolio investors net sold shares worth Rs 1,202 crore on Monday. DIIs, meanwhile, were net buyers at Rs 5972 pared initial gains and settled for the day on a negative note, lower by 17 paise at 87.75 against the US dollar on Monday, as it came under pressure due to continued dollar demand by importers and a rebound in crude oil prices The position of FIIs in the futures market reduced from a net short of Rs 1.82 lakh crore on Friday to Rs 1.79 lakh crore on Monday.
Economic Times
14 minutes ago
- Economic Times
Stocks in news: Medi Assist, SJVN, Ashoka Buildcon, Bata India, Adani Enterprises
Markets started the week on an upbeat note, gaining nearly a percent and providing a breather after the recent decline. In today's trade, shares of Medi Assist, SJVN, Ashoka Buildcon, Bata India, Adani Enterprises among others will be in focus due to various news developments. ADVERTISEMENT Medi Assist Promoter entity Bessemer India is likely to sell up to 4% in Medi Assist through block deals, according to a report. SJVN SJVN reported a 36% YoY fall in consolidated net profit to Rs 228 crore for the quarter ended June 2025. Ashoka BuildconAshoka Buildcon posted a consolidated net profit of Rs 217 crore for Q1FY26, marking a 45% increase from Rs 150 crore in the same quarter last year. Bata India ADVERTISEMENT Bata India posted a consolidated net profit of Rs 52 crore for the first quarter, marking a steep 70.1% decline from Rs 174 crore in the year-ago quarter. Unlock 500+ Stock Recos on App Adani Enterprises Adani Defence and Aerospace, in partnership with Prime Aero, has signed a definitive agreement to acquire a 100% stake in Indamer Technics. ADVERTISEMENT HDFC BankVinFast Auto India has partnered with HDFC Bank to provide auto and inventory financing for its exclusive dealer network. (You can now subscribe to our ETMarkets WhatsApp channel)
