The power sector in India is being updated day to day to make the country a super power. Since independence, the GoI along with state governments and other regulatory bodies have been working hard to supply quality electricity at reasonable prices. Recent changes in the business environment of the country may affect the industry seriously. Global recession sourced from the USA in 2008 resulted in sudden fall in the share market, retrenchment of employees mainly in service industries, cut down in production of goods, minimizing salary etc. in India. Just after the recession the demand of electricity got down which might have a serious impact on the financial performance of electricity sector of India. The Companies Act, 2013 is provided with few new features and moderation in few existing features. These features have affected almost all the companies in India. It might also have an impact on the financial performance of the companies operating in Indian power sector. In this study the data of 14 selected companies for the period 2002–03 to 2016–17 were analysed in respect of profitability, efficiency in assets management and liquidity. Changes in aforesaid parameters over the study period were measured using Wlcoxon Signed-Ranks test.
Global recession, 2008, Companies Act, 2013, Indian power sector, Financial performance, Wilcoxon signed-ranks test
