LUCKNOW, May 21 -- Uttar Pradesh Power Corporation Ltd (UPPCL) has dismissed allegations by 'certain organisations' accusing it of inflating losses in its balance sheet, calling the claims baseless and misleading.

Chief engineer (Commercial) DC Verma and chief general manager (Finance) Sachin Goyal in a written counter on Tuesday clarified that all financial data was compiled by field engineers and generated through the Corporation's Revenue Management System and ERP. "Discrediting data prepared by our own officials is unjustified," they said.

They added that billing and revenue figures were based on actual meter readings and uploaded by executive engineers through secure IDs, limiting chances of tampering. Disciplinary action has been ...