There has been an increase in private participation in power distribution sector. As part of its long-term strategy to expand its core competencies and increase its market horizon, SIPS has actively sought to grow through its subsidiaries.
As a result of this strategic drive, the company is operating in four electrical divisions namely Nimapada, CED-Cuttack, Athgarh and Salepur through its subsidiaries viz. Riverside Utilities Pvt Ltd & Seaside Utilities Pvt Ltd as Input Based Franchisee of CESU, Odisha. We have been the only Distribution Franchisee in Odisha to bring Digital Transformation through the implementation of SAP-ISU.
In past as well, SIPS has successfully completed franchisee operations in North Bhopal, MPMKVVCL for FY 2008-13. Also, we had achieved AT&C Loss Reduction by 24% in 2 years for allotted DF Area of TPDDL, Delhi.