Financial Efficiency in Power Sector

Electricity is a key enabler for the country's economic growth. Electricity is essential for all forms of human activity - households, agriculture, and industrial infrastructure like communication and transport. The demand for electricity in India is huge and is continuously increasing. This growth has been slower than the country's economic growth. A major challenge for the energy industry is to balance the supply and demand of electricity. Financial management involves planning, organizing, directing and controlling the financial activities of an organization. The primary objectives are to maximize shareholders' wealth and ensure efficient use of resources. Financial efficiency refers to how effectively an organization utilizes its resources to generate revenue or profit. The objective is to minimize costs and maximize outputs or results over inputs. Financial efficiency in the Indian power sector is a key aspect of energy infrastructure and impacts both economic growth and sustainability. The main requirement of the study is the origin and use of the company's funds and an evaluation of the company's financial performance.

Autorentext
Dr. Nalla Bala Kalyan, Professor, Department of Management Studies, Sri Venkateswara College of Engineering, (Autonomous), Karakambadi Road, Tirupati-517507, Andhra Pradesh, India.