Maharashtra State Power Generation Company Company Profile and Operations

Maharashtra State Power Generation Company is a leading power generation company in India, with a rich history that dates back to 1976. It was formed to meet the increasing power demands of the state.

The company has a strong presence in the power sector, with a capacity to generate 8,217 MW of power. This makes it one of the largest power generation companies in the country.

Maharashtra State Power Generation Company operates 14 thermal power plants, which are strategically located across the state.

Mahagenco is the state utility with the highest overall generation capacity among all state power generation utilities in India.

It also boasts the highest thermal installed capacity, making it the second highest generation company after National Thermal Power Corporation Limited.

Mahagenco has a well-balanced generation portfolio that includes thermal, hydro, and gas stations, as well as a solar power plant.

The company's first 500 MW plant was the first of its kind in any state utility, setting a milestone in the industry.

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Mahagenco has the highest overall generation capacity amongst all the state power generation utilities in India.

It's a remarkable achievement, especially considering its thermal installed capacity is the highest amongst all state utilities.

Mahagenco is the second highest generation company after National Thermal Power Corporation Limited in terms of installed capacity.

Mahagenco has a very well-balanced generation portfolio involving thermal, hydro, and gas stations along with a solar power plant.

This diversity in power generation is a testament to the company's commitment to sustainability and meeting the state's energy demands.

The first 500 MW plant to be installed in any state utility belongs to Maharashtra, a significant milestone in the company's history.

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Mahagenco has its roots in the year 2005, when the Maharashtra State Electricity Board was unbundled into five distribution companies and one generation company, with Mahagenco being the latter.

The company's primary objective is to generate and distribute electricity to the people of Maharashtra, with a vision to be the leading power utility company in the state.

Mahagenco's journey began with the takeover of the then-existing thermal power plants, which had a total installed capacity of 2,450 MW.

The company has since grown to become one of the largest power generation companies in the country, with an installed capacity of over 12,000 MW.

Mahagenco's power plants are spread across the state, with a focus on meeting the increasing electricity demands of Maharashtra's rapidly growing economy.

Today, Mahagenco is a major player in the Indian power sector, with a strong presence in the state and a commitment to providing reliable and quality electricity to its customers.

Maharashtra State Power Generation Company has a robust thermal power generation capacity. The company operates several thermal power stations across the state.

One of the largest thermal power stations is the Chandrapur Super Thermal Power Station, which has a capacity of 2920 MW.

The company also operates the Koradi Thermal Power Station, which has a massive capacity of 3660 MW. This is one of the largest power stations in the state.

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The Khaparkheda Thermal Power Station has a capacity of 1340 MW, while the Bhusawal Thermal Power Station has a capacity of 1420 MW. These power stations play a crucial role in meeting the state's power demands.

The Nashik Thermal Power Station has a capacity of 630 MW, while the Parli Thermal Power station has a capacity of 750 MW. The Paras Thermal Power Station, located in Akola, has a capacity of 500 MW.

A notable project is the RattanIndia Amravati Thermal Power Project, which has a capacity of 2700 MW. This project is a significant addition to the state's power generation capacity.

The company has also undertaken several expansion projects, including the Chandrapur Super Thermal Power Station Project U-8,9, which has a capacity of 2 X 500 MW. Similarly, the Koradi Thermal Power Station Project U-8,9,10 has a capacity of 3 X 660 MW. The Bhusawal Thermal Power Station Project U-6 has a capacity of 1 X 660 MW.

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The financial performance of Maharashtra State Power Generation Company is quite impressive. The company experienced a 41.71% increase in revenue for the financial year ended 2023.

This significant growth in revenue led to a substantial improvement in profitability, with a 51.59% increase in profit. However, the company's net worth dipped by a decrease of 4.07%.

The company's total revenue has been steadily increasing over the years, with a notable increase of 41.71% in FY 2023 compared to FY 2022. Revenue from operations also saw a growth of 31.28% in FY 2023.

Total assets of the company increased by 5.08% in FY 2023. However, the company's EBITDA decreased by 60.95% in FY 2023.

Here are the key financial metrics of the company for FY 2023:

The company's financial performance is a testament to its growth and stability in the industry.

The Maharashtra State Power Generation Company has a promoter holding of 100.00% as of 2023. This indicates that the company is majority-owned by its promoters.

The company has an authorized capital of ₹40,000.00 Cr and a paid-up capital of ₹26,304.19 Cr. This suggests a significant amount of capital has been raised to support the company's operations.

In 2023, the company had 3 subsidiaries. This is an important aspect of the company's structure, as it allows for the management of related entities.

The company holds ₹83,677.62 Cr open charges and ₹14,950.71 Cr settled loans. This indicates a substantial amount of debt and liabilities that the company must manage.

The company's leadership includes Abhay Arun Harne (Whole-Time Director), Sanjay Manoharrao Marudkar (Whole-Time Director), and Balasaheb Thite (Director).

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Maharashtra State Power Generation Co. Ltd. was officially incorporated on 31 May, 2005, making the company 20 years old.

The company is operating as a Private Company - Operating, which means it is a private entity that generates power.

It was founded in the year 2005, marking the beginning of its operations.

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Maharashtra State Power Generation Co. Ltd. is categorized as a company with a Corporate Identification Number (CIN) of U40100MH2005SGC153648.

Its Listing Status is not specified, which means it may not be publicly traded or listed on a stock exchange.

The company has been duly registered at Registrar of Companies, which is a regulatory body that oversees company registrations.

Maharashtra State Power Generation Co. Ltd. has an Authorized Capital of Rs. - and a Paid-up Capital of Rs. -, although the exact figures are not specified.

The company's last reported Annual General Meeting (AGM) was held on an unspecified date, and its last Balance Sheet was filed on an unspecified date.

Maharashtra State Power Generation Co. Ltd. operates in the Utilities industry, specifically in the field of power generation.