Union Power Minister M L Khattar's advice to power companies, including generating and distribution companies (discoms), to list on stock markets would have been persuasive if these entities had subjected themselves to the rigours of the market. But India's power market has been uniquely distorted by politically motivated tariff policies that affect the financial viability of state-run discoms. Indeed, Mr Khattar noted that discoms had racked up a cumulative debt of ₹6.84 trillion and accumulated losses of ₹6.46 trillion. These staggering numbers partly reflected the combined impact of a record demand in 2023-24, and a rising cost of expensive imported coal. The upshot was that 16 states—including large ones like Uttar Pradesh, Telangana, Maharashtra, and Punjab—saw financial losses jumping significantly.
Denne historien er fra November 19, 2024-utgaven av Business Standard.
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Denne historien er fra November 19, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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