Dehradun: The Uttarakhand Power Corporation Limited (UPCL) has bounced back from losses to post a profit of ₹328 crore in the 2025–26 financial year. However, despite the improved financial performance, the corporation continues to spend the bulk of its earnings on purchasing electricity, highlighting its ongoing dependence on external power sources.
According to UPCL’s audited financial report, the corporation’s total income increased to ₹11,715 crore during FY 2025–26, up from ₹11,032 crore in the previous financial year. Revenue from electricity sales and other operational activities rose from ₹10,347 crore to ₹11,010 crore, while income from other sources also increased to ₹705 crore from ₹685 crore.
The corporation’s total expenditure stood at ₹11,386 crore, compared to ₹11,098 crore a year earlier. Electricity procurement remained the biggest expense, rising from ₹9,170 crore to ₹9,407 crore. Employee salaries and benefits increased to ₹509 crore from ₹474 crore, while ₹507 crore was spent on repair and maintenance works.
UPCL also reported improvements in reducing electricity theft and transmission losses. Its cumulative AT&C (Aggregate Technical and Commercial) loss declined to 13.58%, compared to 14.55% in the previous financial year. Billing efficiency also improved, reaching 87.92%.
As of March 31, 2026, the corporation’s total assets and liabilities had grown significantly to ₹14,646 crore, up from ₹11,500 crore recorded a year earlier.
Despite posting profits, UPCL continues to face a major challenge in meeting peak summer electricity demand. The state’s daily power requirement currently stands at nearly six crore units, while only around 3.9 crore units are available through the state pool (1.8 crore units) and the central pool (2.1 crore units). To bridge the gap, the corporation is purchasing nearly two crore units of electricity from the open market every day, adding further pressure on its finances.
The growing dependence on market purchases also impacts consumers and industries. Due to limited availability, some furnace-based industries are reportedly facing power cuts ranging from one to one-and-a-half hours.
