West region discom approves Rs 23k crore budget for FY2025-26
Indore: Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Limited (MPPKVVCL) on Monday approved an annual budget of Rs 22,966 crore for the financial year 2025-26.
The budget was approved by company's board of directors in a meeting in Indore which was virtually attended by energy secretary and company chairman Avinash Lavania from Bhopal and other members.
During the meeting, Lavania praised the company's performance and emphasised the need to further enhance effectiveness of smart metering Scheme.
Decisions were taken on various issues like employee welfare, new recruitment processes, projects under Revamped Distribution Sector Scheme and Smart Grid System, and nomination of new board members.
Of the total budget, Rs 22,346 crore has been allocated for revenue expenses, while Rs 620 crore has been earmarked for capital expenditure (CAPEX) projects.
A significant 91% of the total budget will be spent on electricity procurement.
Company managing director Anoop Kumar Singh presented insights into the ongoing efforts to reduce losses, improve consumer services, plans for metering in rural areas, smart metering initiatives, and departmental investigations.
The approved budget underscores the company's commitment to strengthening its infrastructure and enhancing service delivery to consumers in the region, the MD said.
Last financial year, the company's budget was of Rs 21,161 crore.
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