UP Power Corp to cut losses by Rs 4,300 cr

Uttar Pradesh state power utility, UP Power Corporation (UPPCL), is looking at cutting its losses by Rs 4,300 crore in the current financial year. It has been incurring huge losses over the years, which has been around Rs 6,500 crore annually. Chairman and Managing Director Avnish Awasthi said the company would cut losses by Rs 4,300 crore this year by higher revenue generation, checking power pilferage, deftness in purchase of power and judicious management of power demand.