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DISCOM DEBT
Long-term investing: The only play in today’s market; 5 large-caps from different sectors with upside potential of up to 33%Belligerence is back. Both the US and Iran are hitting each other and the statements from both sides do not auger well for a peace deal. Th...- How JSW Energies’ Rs 3,150-crore JSW Steel stake sale will help lower debt, Jefferies explainsJSW Energy’s Rs 3,150-crore stake sale in JSW Steel to GQG Partners and SBI Mutual Fund is expected to strengthen its balance sheet. Jeffer...
- India's power demand to rise by 5 to 5.5 percent in FY27: ICRAIndia's power demand is set for a significant rise of 5.0-5.5 percent in 2026-27. This growth will be fueled by industrial, commercial, agr...
- 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 Pradesh joins UDAY to derive Rs 4,400 crore benefitsThe state has committed to take over discoms’ debt of Rs 11,000 crore during the current year, which will reduce the interest burden by Rs ...
- Government extends timeline for states to join UDAY schemeUnder UDAY, states were required to join the scheme last fiscal and issue bonds to pay off discoms debt ,state suffer loss of over Rs 60,00...
- Bihar to join UDAY scheme tomorrowBihar will become the sixth state to formally join the UDAY scheme meant for revival of debt-ridden power distribution utilities.
- Discoms debt to fall by Rs 6,000 crore: Pushpendra Singh, Rajasthan MinisterThe debt burden of three power distribution companies was about Rs 15,645 crore in 2013-14 and it came down to Rs 12,473 crore in 2014-15.
- 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.
- SBI hails SEBs package, says has no troubled assets to discoms"We believe the package will bring about a lasting solution to the problems in the SEBs because at the end of the day discoms' debt will ge...
- 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...
- 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...
- PowerMin sends note on discom debt rejig to CabinetAs per the proposal, the state electricity boards of Jharkhand, Bihar and Karnataka will be allowed to convert their outstanding loans, til...
- 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.
- States need to do their job on discom debt rejig: Jyotiraditya ScindiaIndicating that the Ministry has done its part in helping with discoms debt rejig, Scindia said that it was now for the states "to do their...
- Discom debt rejig face hurdles; Punjab seeks upfront paymentTaking over of 50 per cent short term liabilities of discoms by respective state government is a major proposal.
- CCEA may consider Rs 2 lakh crore discoms' debt rejig next weekThe Cabinet Committee on Economic Affairs is likely to consider the proposal to restructure Rs 2 lakh crore worth debt of power distributio...
- Cabinet may take up Rs 2 lakh crore debt restructuring of power distribution companiesThe Cabinet is likely to soon take up the proposal of restructuring about Rs 2 lakh crore debt of power distribution companies.
- Government likely to clear power discoms' debt recast by month-endThe government is likely to give the green signal this month for the restructuring of debt held by state-run power distribution companies.
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