Power distribution company Dakshin Haryana Bijli Vitran Nigam (DHBVN) has recorded a profit for first time ever since its inception in July 1999. From losses of more than ₹ 2,088 crore in 2014, the discom registered a profit of ₹78 crore in the first half of the current financial year. Now, DHBVN officials aim to double the profit by the end of current financial year.
In comparison, Uttar Haryana Bijli Vitran Nigam (UHBVN) has reported a loss of ₹1,233 crore in the first half of financial year 2016-17 against a loss of ₹336 crore in the last financial year, reported an analysis by Rural Electrification Corporation Limited (REC).
DHBVN has been reeling under losses worth crores ever since it was created along with UHBVN and two corporations – Haryana Vidyut Prasaran Nigam and Haryana Power Generation Corporation (HPGC).
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