Financial restructuring for discoms to start from Jan: Govt

The government will kick start its financial restructuring plan for the power distribution companies from January, next year.

November 22, 2012 / 19:08 IST

The government will kick start its financial restructuring plan for the power distribution companies from January, next year.

"We are on track for executing restructuring of state distribution companies. In January, (we) will issue bonds or securities for the same," Power Secretary P Uma Shankar told reporters here.

"We are hopeful of participation by several states, including Jharkhand," Shankar said.

Also read: Govt may clear 9.5% stake sale in NTPC soon

The other states which have evinced interest in undertaking financial restructuring in the power sector include Uttar Pradesh, Tamil Nadu, Haryana and Punjab.

first published: Nov 22, 2012 03:31 pm

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