Bihar may list power distribution companies in 2-3 years

New Delhi: Bihar is considering listing its power distribution companies on stock exchanges in two to three years, energy secretary Manoj Kumar Singh told ET.

The state's discoms have reported profits over the past two years, and a listing will be pursued after further improvements in revenue streams, he said.

Singh attributed the turnaround to policy support, political backing and execution. "Bihar government has invested ₹75,000 crore apart from centrally sponsored schemes in the last 10 years," he said.


North Bihar Power Distribution Company (NBPDC) reported a profit of ₹1,338.6 crore in FY25, up from ₹1,105.9 crore in FY24. South Bihar Power Distribution Company (SBPDC) posted a net profit of ₹744 crore in FY25 compared with ₹63.5 crore in FY24.

In the latest ranking report by the power ministry and REC Ltd of 66 discoms, NBPDC was placed 13th, while SBPDC ranked 24th.

Of the state's 22.2 million consumers, about 62.6% are served by the north Bihar utility, with the rest covered by the south Bihar company.

The Centre had in 2024 advised states to consider listing power sector entities, starting with transmission companies, to meet future investment needs.

The state is in the process of appointing a merchant banker to list Bihar Power Transmission Company in FY27, Singh said.

Nuclear Ambitions

The state is exploring the development of at least two nuclear power plants, with surveys under way by NTPC and Nuclear Power Corporation in Nawada, Banka and Siwan districts. The state government will support the projects with land and water availability. "We are very hopeful that at least two nuclear power projects will come up in Bihar," Singh said.