.. Discom Debt To Hit All-time High Of Rs 4.5 Lakh Crore In 2020-21: Crisil
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08 Jun 2020

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  • With weak power demand and high cash losses amid the Covid-19 pandemic, power distribution companies (discoms) will end up owing lenders a staggering Rs 4.5 lakh crore by the end of 2020-21, according to research and ratings agency CRISIL.

  • "Such a material increase in debt would deteriorate the credit profiles of discoms and make structural reforms critical to their sustainability," CRISIL said adding that the registered losses in 2020-21 will be 30 per cent more than last fiscal year.

  • The agency has done a study of 34 state discoms from 15 states, which account for over 80 per cent of India’s power demand. "Today only one in five di......

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