Punjab State Power Corporation Profile
Key Indicators
- Authorised Capital ₹ 30,000.00 Cr
- Paid Up Capital ₹ 21,709.73 Cr
- Company Age 14 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 18,881.61 Cr
- Satisfied Charges ₹ 2,643.04 Cr
- Revenue Growth 8.86%
- Profit Growth -546.68%
- Ebitda -327.85%
- Net Worth -19.20%
- Total Assets -1.68%
About Punjab State Power Corporation
Punjab State Power Corporation Limited (PSPCL) is a leading Public Limited State Government Company incorporated in India on 16 April 2010 and has a history of 14 years and 11 months. Its registered office is in Patiala, Punjab, India.
The Company is engaged in the Energy And Power Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 30,000.00 Cr and a paid-up capital of Rs 21,709.73 Cr.
The company currently has active open charges totaling ₹18,881.61 Cr. The company has closed loans amounting to ₹2,643.04 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Punjab State Power Corporation Limited India are Jaspal Dhanjal as COMPANY SECRETARY and Sudhir Kumar as Cfo. Jaspreet Talwar, Ajoy Sinha, Parmjeet Singh, and Six other members serve as directors at the Company.
Company Details
- Location
Patiala, Punjab, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
- Apps
Corporate Identity Details
- CIN/LLPIN
U40109PB2010SGC033813
- Company No.
033813
- Company Classification
Public Limited State Government Company
- Incorporation Date
16 Apr 2010
- Date of AGM
01 Dec 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chandigarh
Industry
Energy and Power
Environment
What products or services does Punjab State Power Corporation Limited offer?
Punjab State Power Corporation Limited offers a wide range of products and services, including Turnkey Consultants & Solutions, Engineering Project.
Who are the key members and board of directors at Punjab State Power Corporation?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Baldev Singh  | Managing Director | 23-Dec-2021 | Current |
| Jaspal Dhanjal | Company Secretary | 27-Apr-2010 | Current |
| Sudhir Kumar | CFO | 15-Feb-2024 | Current |
Board Members (8)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Jaspreet Talwar | Nominee Director | 09-Nov-2024 | Current |
| Ajoy Sinha | Nominee Director | 04-Aug-2022 | Current |
| Parmjeet Singh | Whole-Time Director | 26-Oct-2020 | Current |
| Tejveer Singh | Nominee Director | 20-May-2022 | Current |
| Daljit Grewal | Whole-Time Director | 12-Jun-2020 | Current |
| Surinder Beri | Whole-Time Director | 13-Sep-2022 | Current |
Financial Performance of Punjab State Power Corporation.
Punjab State Power Corporation Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 8.86% increase. The company also saw a substantial fall in profitability, with a 546.68% decrease in profit. The company's net worth observed a substantial decline by a decrease of 19.2%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Punjab State Power Corporation?
In 2023, Punjab State Power Corporation had a promoter holding of 100.00%. The company had 2 Subsidiaries and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Punjab State Transmission Corporation LimitedAjoy Sinha is a mutual person
Punjab Municipal Infrastructure Development CompanyAjoy Sinha and Tejveer Singh are mutual person
Gvk Power (Goindwal Sahib) LimitedParmjeet Singh, Surinder Beri and 1 more are mutual person
Punjab Communications LimitedTejveer Singh is a mutual person
Punjab State Industrial Development Corpn LimitedTejveer Singh is a mutual person
Punjab Rural Water UtilityJaspreet Talwar and Daljit Grewal are mutual person
Charges (Loans)
Open Charges
₹18,881.61 Cr
Satisfied Charges
₹2,643.04 Cr
Charges Breakdown by Lending Institutions
- Rural Electrification Corporation Limited : 9578.44 Cr
- Others : 6658.44 Cr
- State Bank Of India : 1927.00 Cr
- Power Finance Corporation Limited : 579.03 Cr
- Power Finance Corporation : 131.36 Cr
- Others : 7.34 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Aug 2024 | Others | ₹1,440.00 Cr | Open |
| 04 Sep 2023 | Others | ₹495.00 Cr | Open |
| 14 Feb 2023 | State Bank Of India | ₹500.00 Cr | Open |
| 02 Feb 2023 | Others | ₹500.00 Cr | Open |
| 31 Jan 2023 | Others | ₹1,000.00 Cr | Open |
How Many Employees Work at Punjab State Power Corporation?
Punjab State Power Corporation has a workforce of 130 employees as of Mar 29, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Punjab State Power Corporation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Punjab State Power Corporation's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Punjab State Power Corporation
Recent activity within the organization
- Director Appointment
Jaspreet Talwar was appointed as a Nominee Director was appointed as a Nominee Director on 09 Nov 2024 & has been associated with this company since 4 months 18 days .
- Charges
A charge registered on 25 Mar 2014 via Charge ID 10486662 with Rural Electrification Corporation Limited was fully satisfied on 28 Oct 2024.
- Charges
A charge registered on 25 Mar 2014 via Charge ID 10486663 with Rural Electrification Corporation Limited was fully satisfied on 28 Oct 2024.
- Charges
A charge registered on 28 Mar 2013 via Charge ID 10420541 with Rural Electrification Corporation Limited was fully satisfied on 28 Oct 2024.
- Charges
A charge registered on 26 Mar 2013 via Charge ID 10420538 with Rural Electrification Corporation Limited was fully satisfied on 28 Oct 2024.
- Charges
A charge registered on 26 Feb 2013 via Charge ID 10411718 with Rural Electrification Corporation Limited was fully satisfied on 28 Oct 2024.
Recent News, Updates & Announcement
- Punjab Government's Acquisition of Private Thermal Plant Greenlit by CCI.
CCI approval marks the historic purchase of a private thermal plant by Punjab State Power Corporation Ltd, setting a precedent for state ownership in the energy sector..
- CCI Approves Acquisition of 100% Shareholding of GVK Power Limited by Punjab State Power Corporation Ltd..
The Punjab State Power Corporation Ltd, is a fully owned undertaking of the Government of Punjab. The erstwhile Punjab State Electricity Board (PSEB), was a statutory body formed on 01st February, 1959 under the Electricity Supply Act, 1948. .
Frequently asked questions
What is the Incorporation or founding date of Punjab State Power Corporation Limited?
Punjab State Power Corporation Limited was incorporated on 16 Apr 2010.
What is authorized share capital and paid-up capital of Punjab State Power Corporation Limited?
The authorized share capital of Punjab State Power Corporation Limited is ₹ 30,000.00 Cr and paid-up capital is ₹ 21,709.73 Cr.
Who are the current board members & directors of Punjab State Power Corporation Limited?
Currently 11 directors are associated with Punjab State Power Corporation Limited.
- Jaspreet Talwar
- Ajoy Kumar Sinha
- Parmjeet Singh
- Baldev Singh
- Tejveer Singh
- Daljit Inderpal Singh Grewal
- Surinder Kumar Beri
- Ravinder Singh Saini
- Jasbir Singh
- Jaspal Singh Dhanjal
- Sudhir Kumar
What is the registered address of Punjab State Power Corporation Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Punjab State Power Corporation Limited is Pseb, Head Office The Mall India, Patiala, Punjab, 147001.
What is the corporate identification number (CIN) and company number of Punjab State Power Corporation Limited?
The corporate identification number (CIN) of Punjab State Power Corporation Limited is U40109PB2010SGC033813 and the company number is 033813 as per Ministry of Corporate Affairs (MCA).
What is the official website of Punjab State Power Corporation Limited?
The Official website of Punjab State Power Corporation Limited is https://www.pspcl.in
What has been the recent revenue trend for Punjab State Power Corporation Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Punjab State Power Corporation Limited has risen by 8.86%.
How many employees does Punjab State Power Corporation Limited currently have?
As Per 2023 financial reports, 130 employees are currently employed by Punjab State Power Corporation Limited.
What change has been observed in the net worth of Punjab State Power Corporation Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Punjab State Power Corporation Limited has experienced an downturn of -19.20%.
What are the total open charges for Punjab State Power Corporation Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Punjab State Power Corporation Limited amount to ₹ 18,881.61 Cr.
When was the last Balance Sheet of Punjab State Power Corporation Limited filed with the ROC?
The most recent Balance Sheet for Punjab State Power Corporation Limited was filed with the ROC on 31 Mar 2023.
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