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DISCOMS FINANCIAL IMPROVEMENT
Susan Electricals IPO opens for subscription today. Check GMP, price band and other detailsSusan Electricals IPO: The ₹70.38-crore IPO of Susan Electricals India opens for subscription on June 11 and closes on June 15. The issue c...
Adani Energy to buy IntelliSmart for ₹3,050 croreAdani Energy Solutions (AESL) is set to acquire smart metering company IntelliSmart Infrastructure for ₹3,050 crore, bolstering its positio...
Power entering a 10-year supercycle? Elara Capital's Rupesh D Sankhe reveals the best stocks to ownIndia's power sector is set for a major boom. Demand is expected to surge by 5% to 6% annually for the next decade. This growth is fueled b...
Centre targets nearly 300 GW power generation capacity by next year: Manohar Lal KhattarIndia is boosting its power generation capacity, focusing on nuclear energy. The nation aims to reach nearly 300 GW next year. Nuclear powe...
Tata Power Q4 Results: Profit slips 4% YoY to Rs 996 cr, revenue falls 13%Tata Power Q4 Results: Tata Power reported a consolidated net profit of Rs 996 crore for Q4 FY26, a 4% year-on-year decline, while revenue ...
Rising energy bills: How EVs, rooftop solar, induction cooking can protect your household budget and how much they actually costFuel prices are volatile, electricity tariffs are rising, and your LPG cylinder is at the mercy of global events. Here’s how switching to a...
Coal India, CESC and other power stocks: JM Financial analyst explains impact of Bengal electionsJM Financial views the West Bengal election outcome as a potential boost for power sector governance, driven by expectations of reform unde...
From AI to subsidies: Bernstein’s candid open letter to PM Modi flags 8 critical fault linesGlobal brokerage Bernstein has cautioned India against becoming a mere user of future technology. The firm suggests that continued reliance...
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 ...
Electricity distribution companies continue to remain a burden on state finances: RBIThe Reserve Bank of India reported that DISCOM losses reached Rs 6.5 lakh crore, impacting state finances. The RBI recommends improving eff...
REC, CEEW ink pact to work on improving discoms' operational, financial sustainabilityIn addition to providing research and evaluation support, CEEW will collaborate with REC to conduct primary and secondary research to help ...
Power demand to decline 8% in FY21, discoms' revenue to fall 13.1%: ReportPower demand is expected to decline by around 8 per cent in current fiscal due to the steep fall in demand from commercial and industrial s...
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.
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...
- Central panel on discom debt rejig to meet this week
At least 18 states have announced significant tariff increases during the period, with Tamil Nadu proposing as much as 37 per cent hike.
- Government likely to clear power discoms' debt recast by month-end
The government is likely to give the green signal this month for the restructuring of debt held by state-run power distribution companies.
- Chaturvedi panel likely to suggest financial incentives for power distribution companies
The committee is looking at financial health of discoms in seven states including Tamil Nadu and Uttar Pradesh.