UPCL has wiped out its networth

The Uttarakhand Power Corporation Limited (UPCL), the sole power distribution company in the Uttarakhand state, has been criticised by the Comptroller and Auditor General (CAG) for its huge accumulated losses of Rs 1,960.11 crore, which in turn eroded its entire capital and reserves by 2010-11.
UPCL's accumulated losses increased year-after-year and the entire capital including reserves was eroded by 2010-11. The CAG also censured the UPCL for failing to take adequate and effective measures

UPCL, Uttarakhand Power Corporation Limited (UPCL), Comptroller and Auditor General (CAG), Uttarakhand Electricity Regulatory Commission (UERC), UPCL's accumulated losses, uttarakhand distribution company