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Added on : 2018-06-25 09:16:43

Electricity distribution companies (discoms) in four states —Maharashtra, Rajasthan, Haryana and Andhra Pradesh — have swung to profit in FY18, tiding over a phase of heavy loss-making that had lasted for several years. Among them, the four states’ discoms made a combined profit of Rs 1,565.5 crore in FY18 compared with an aggregate loss of Rs 10,203 crore in FY17. This is the positive effect of the UDAY scheme of the central government. When the UDAY scheme for reviving the discoms was launched in 2015, the combined annual (FY16) losses of these entities were a staggering Rs 52,000 crore. Gujarat was the only state to sign up for the scheme with its discoms already profitable. West Bengal, which too had profitable state-owned discoms then, did not join the scheme.

Electricity distribution companies (discoms) in four states —Maharashtra, Rajasthan, Haryana and Andhra Pradesh — have swung to profit in FY18, tiding over a phase of heavy loss-making that had lasted for several years. Among them, the four states’ discoms made a combined profit of Rs 1,565.5 crore in FY18 compared with an aggregate loss of Rs 10,203 crore in FY17. This is the positive effect of the UDAY scheme of the central government. When the UDAY scheme for reviving the discoms was launched in 2015, the combined annual (FY16) losses of these entities were a staggering Rs 52,000 crore. Gujarat was the only state to sign up for the scheme with its discoms already profitable. West Bengal, which too had profitable state-owned discoms then, did not join the scheme.

Editor & Publisher : Dr Dhimant Purohit

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