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FINANCIAL TURNAROUND OF DISCOMS
Discom legacy dues drop to Rs 3,300 crore from Rs 1.39 lakh crorePower distribution companies have drastically cut their old dues. Legacy arrears have fallen from over Rs 1.39 lakh crore to just Rs 3,300 ...- Power discoms clock ₹2,701 cr profit in FY25Indian power distribution companies have turned profitable in FY25, reporting a net profit of over ₹2,700 crore. This marks a significant r...
- States to face fund cuts for missing UDAY targetsThe Centre in November 2015 had launched the UDAY to bring about operational and financial turnaround of debt-laden power distribution comp...
- All households to be electrified before 2022: Piyush Goyal"Accumulated loss and debt kept on increasing due to several reasons which includes limitations of the scheme, limited participation of sta...
- Himachal Pradesh 18th state to join UDAY, to get benefit of Rs 823 croreAn overall net benefit of about Rs 823 crore would accrue to the state by opting to participate in UDAY, by way of savings in interest cost.
- Andhra to issue securities worth Rs 8,256 cr under UDAYThe securities will have a face value of Rs 100 issued in equal strips with a maturity at the end of 10th, 11th, 12th, 13th, 14th and 15th ...
- Madhya Pradesh to derive Rs 17,515 crore net benefit from UDAYThe scheme provides for the balance debt of Rs 8684 crore to be re-priced or issued as state guaranteed DISCOM bonds, at coupon rates 3% le...
- Haryana to auction bonds worth Rs 775 cr under UDAYUnder UDAY, the government has allowed states, which own discoms, to take over 75 pc of their debt as of September 30 and pay back lenders ...
- Punjab becomes seventh state to join UDAY; to save Rs 5,000 croreGoyal said, "We will discuss today to replace all inefficient old agricultural pumps with Mark IV or V efficient pumps in Punjab."
- Power sector outlook 'stable to negative' in FY17: Ind-RaThe rating agency expects power demand to grow modestly at 4-5% and power generation at 5-6% in FY 2016-17, with deficits remaining low at ...
- Rajasthan third state to join discom revival scheme 'UDAY'The scheme is optional and operationalised through signing of an MoU between state governments, state discoms and the Centre.
- States will have to finance loss-making discoms: FM Arun JaitleyJaitley today said a plan has been worked out by the Power Ministry and it would now discuss the same with the respective state governments...
- Piyush Goyal vows to make discom stress a 'thing of past'The Centre is working in collaboration with states to find out a permanent solution to make stress of discoms a "thing of the past", Piyush...
- PM Narendra Modi to meet power producers tomorrowPrime Minister Narendra Modi has called a meeting of power producers like NTPC and NHPC tomorrow to review their performance.
- PM Narendra Modi meets officials of power utilities to discuss mounting debtPM Modi met the top brass of power utilities, particularly electricity distribution companies (discoms), to discuss the issue of their burg...
- Stressed discoms to turn around in 3 years: Piyush GoyalThe combined debt of the power discoms is over Rs 3 lakh cr. Faced with acute financial stress, many of these discoms are unable to buy pow...
- Budget 2013 hints at Power sector revampThe Cabinet Committee had earlier approved a Scheme for Financial Restructuring of State Distribution Companies.
- Loss-making discoms a drag on states' finances, says RBIPitching for periodic tariff revisions, the central bank said losses of discoms have also raised "serious concerns" for banks and financial...
- Central panel on discom debt rejig to meet this weekAt least 18 states have announced significant tariff increases during the period, with Tamil Nadu proposing as much as 37 per cent hike.
- Govt to bring draft model legislation for state discomsAfter announcing a debt restructuring package for the state electricity boards, the government today said it would bring a draft model bill...
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