• Mr. Vinod Kumar Joshi ,
• Dr. Atul Joshi

ABSTRACT:- The Uttarakhand Power Corporation Limited (UPCL) is mainly involved in the generation of power and is the sole administrator for the power generation in the state. It was formed on 12-02-2001 as a sister concern to Uttarakhand Electricity Board (UEB) in order to eradicate the power famine of the state. The history of Uttarakhand Power Corporation Limited (UPCL) can be traced back to erstwhile U.P. State Electricity Board (UPSEB). The erstwhile U.P. State Electricity Board was trifurcated pursuant to enactment of U.P. Electricity Reforms Act, 1999. U.P. State Electricity Reforms Transfer Scheme, 2000 was promulgated for execution of the trifurcation of erstwhile UPSEB into U.P. Power Corporation Limited (UPPCL), U.P. Jal Vidyut Nigam Limited (UPJVNL) and U.P.Rajya Vidyut Utpadan Nigam Limited. The State of U.P. was bifurcated by enforcement of U.P. Reorganization Act, 2000 (In short Reorganization Act) as a result thereof the State of Uttarakhand came into existence. UPCL was incorporated under the Companies Act, 1956.UPCL was initially entrusted with the work of transmission and distribution of electricity in the State of Uttarakhand. As per the mandate of Electricity Act, 2003, the transmission business was transferred to a newly formed State owned company named as “Power Transmission Corporation of Uttarakhand Limited” from 01-06-2004. Since then UPCL is a sole distribution licensee for distribution of electricity in the state. In 6th Annual Integrated Rating of Discom’s released by Ministry of Power, Government of UPCL was ranked at 4th place with top category of A+ among 41 Discom’s of the country and Uttarakhand was ranked 2nd among all states. The present study is conducted to analyze the financial performance of Uttarakhand Power Corporation Limited with the help of various ratios. From the present study it is found that company financial performance is seeing to be sound, because the company trying to increase its production and also net profit.

Keywords: Financial Statements. UPCL, Ratios etc.

"An Analysis of Financial Performance of Uttarakhand Power Corporation Limited, Uttarakhand", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 3, page no.101-111, March-2019, Available :http://www.jetir.org/papers/JETIR1912015.pdf

"An Analysis of Financial Performance of Uttarakhand Power Corporation Limited, Uttarakhand", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 3, page no. pp101-111, March-2019, Available at : http://www.jetir.org/papers/JETIR1912015.pdf