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DEBT RECAST FOR DISCOMS
Jammu and Kashmir to net Rs 9,800 crore benefit through UDAYJammu and Kashmir has joined the Centre’s debt recast scheme for power distribution companies and is expected to net benefits worth Rs 9,80...- Rajasthan becomes part of UDAY, to get benefit up to Rs 21,000 croreRajasthan has become part of the Centre's distribution debt recast scheme and is expected to receive benefits to the tune of Rs 21,000 cror...
- 7 states agree for discom debt recastSeven states have agreed to be a part of the debt recast scheme launched by the Centre last month.
- Discoms debt recast plan to save Rs 1.8 lakh crore a yearThe debt restructuring plan for discoms announced by the Centre last week would eventually lead to a saving of Rs 1.8 lakh crore annually.
- Discoms in vicious cycle of piling losses and rising debtWith the debt off their book and states issuing bonds, the interest burden of discoms is expected to come down to 8-9% against 13-14% at pr...
- Cabinet may take up power distribution firms' burgeoning debt issue tomorrowHit by subsidised tariffs, state electricity discoms are facing cash crunch and are incurring annual losses of about Rs 60,000-70,000 crore.
- Everyone on board to resolve discoms mounting debt issue: Piyush GoyalThe issue of burgeoning debt of power distribution companies will be sorted out soon as everybody is on board to resolve it, Power Minister...
- India's power woes need a political solution; govt needs to bite the bullet: Mythili Bhusnurmath"Discoms are unwilling to raise tarrifs for the simple reason that politicians fear some kind of electoral repercussions if they were to do...
- Refinancing is just a palliative; discoms need a tough long-term fix: Vinayak Chatterjee, Feedback Ventures"Behind discoms' chronic losses is a huge degree of political connivance, corruption and theft. That is holding the country to ransom."
- Professional management a must for discoms; shun short-term fixes: Anil Razdan, former Power Secretary"The management must see to it that prudent decisions are being taken and that the AT&C losses come down. They also must make sure that pol...
- Government working on debt recast of discoms: Ratan WatalThe government is working on debt recast of state power distribution companies to improve the deteriorating financial health of the discoms...
- Cabinet to consider Rs 4.3 lakh-crore loan recast of discomsUnion Cabinet is likely to consider this week a proposal to recast Rs 4.3 lakh crore loans of nine state power distribution companies.
- Power Ministry awaits Karnataka's response on discom debt recast"As soon as Karnataka (government) sends us their response we will send the note to CCEA," an official in the Ministry of Power said.
- Power Ministry to approach Cabinet for tweaking FRP for some statesThe Power Ministry will soon approach the Cabinet for allowing it to incorporate certain changes in the government's debt recast plan.
- Jharkhand starts unbundling SEB; to apply for discom package soonIn order to avail the Centre-backed FRP for debt-laden power distribution companies (discoms), states have to approach the Ministry of Powe...
- 10 states on board for centre's debt recast plan for discoms: Ministry of PowerAs many as 10 states have come on board to avail of Centre's ambitious financial restructuring scheme for discoms, the Ministry of Power sa...
- Six states agree to debt recast plan of discoms: ScindiaJyotiraditya Scindia said that as many as six states have come forward for the government's ambitious financial rejig plan.
- State Electricity Boards loan recast: Veerappa Moily says issues to be sorted outVeerappa Moily today said any issues pertaining to recent loan recast of the state distribution companies will be sorted out.
- Debt rejig to increase cash flow of power discoms: Rating agenciesRating agencies today welcomed the Centre's restructuring package for power discoms, saying it will increase cash flow to the ailing SEBs
- Central Bank on India may recast loans to power utilitiesPublic sector Central Bank of India may go in for restructuring of some of its loans to the electricity companies in the current quarter.
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