Commenting on the company's performance, Hemant Kanoria, Chairman, IPCL, said, "Despite the difficulties being encountered by the power sector, our focus on efficiency and customer satisfaction has resulted in better results. Due to continuous improvement in our network, we have achieved T&D losses of 2.70 per cent, far lower compared to industry average of around 25 per cent. We are now focusing on growth and backward integration.
Recently acquired Distribution Franchisee of Gaya District is on the verge of starting operation and implementation work on 450 MW plant at Haldia is progressing satisfactorily. Through these initiatives we have taken firm steps towards our goal of becoming a national player in the power industry".