Distribution Companies

The growth in power demand and global geo-political challenges resulted in an unprecedented increase in national power purchase costs of 71 paise per unit in FY23, as compared to the marginal increase of 4 paise / kWh in FY22 v/s FY21, the report of the Ministry of Power stated.

Adani Electricity Mumbai tops Centre's discom ranking ; Torrent Power takes 2nd, 3rd spot

The aggregate technical and commercial losses of power utilities during the year fell from 16.2% to 15.4%, driven by a one percentage point increase in billing efficiency, which improved to 87%

Power ministry seeks report from states on regulatory assets and their liquidity plan

According to government statistics, regulatory assets or discoms stood at Rs 88,720 crore as on June 30.

DATA STORY | States set to miss UDAY target; here are the 3 major hurdles that lie ahead

A progressive increase of power tariffs was critical to pare down AT&C losses but many states have not raised tariffs, which are hurting discoms

Transformers & Rectifiers sees order book at Rs 850 cr by April

Transformer & Rectifiers looks to bag deals from Power Grid as well, says Jitendra Mamtora, chairman of Transformers and Rectifiers India.

To be debt free by Mar'17; cement biz sale by Dec:Rel Infra

Lalit Jalan says Reliance Infrastructre will focus on defence, and expects the company to be debt free by March 2017. The company will also look for opportunities in the EPC space, Jalan says.

Cabinet clears financial restructuring pkg for discoms

The Union Cabinet has given its approval that will allow power distribution companies (discoms) in select states to convert their debt into state bonds.

Can't raise power tariff & reduce debt overnight: APP

Ashok Khurana, Director-General, Association of Power Producers says the power sector needs an immediate solution amidst the collapsing demand since past three years.

Need to deal with discom losses on a state level: Expert

The health of Indian discoms has been worsening as they avoid revising their tariff, thereby increasing their revenue gap.

Power tariff tussle: Will CERC bat for consumers?

Power companies like Adani Power and Tata Power will soon find out just how much compensation they can charge distribution companies for supplying power produced from costlier imported coal; with the CERC ready to deliver its verdict in the case soon

Delhi tariff cut won't hit power cos, discoms: Power secy

The tariffs remain the same, but instead of the consumer the government will now have to pay for it, says P Uma Shankar, power secretary. He does not expect the Delhi government commissioned Comptroller and Auditor General, or CAG, audit to be a problem for power companies.

UP discoms have cleared dues completely: PTC India

The Uttar Pradesh (UP) discoms, Deepak Amitabh, chairman and managing director, PTC India, further added, are also planning to clear all the surcharges.

Transformers & Rectifiers eye over Rs 700cr revenue in FY14

Jitendra Mamtora, CMD, Transformers and Rectifiers India, says in an interview to CNBC-TV18, says that distribution companies continue to pose problems for the company. Mamtora adds that the company plans to post a revenue of over-Rs 700 crore and EBITDA margins of close to 8 percent for FY14.

Lanco Infra may look at stake sale option for new projects

The recent tariff hike in Tamil Nadu has come as a relief to Lanco Infratech which is confronted with delayed payments from various state electricity boards. The company believes a similar hike in other states will help the company improve receivables.

Govt working on Bill to make states accountable for SEBs

The government would soon draft legislation to make states accountable for introducing new power sector reforms to improve the financial health of distribution companies.

Buy on dips, early rate cut will surprise mkt: Nilesh Shah

Nilesh Shah, MD & CEO, Envision Capital, says that he believes this winter sessions will probably be amongst the best sessions that we have seen in recent times. If the RBI pre-pone rate cut action then that might positively surprise the street.

Bailout will boost banks' confidence to lend again: Fitch

Salil Garg, director - India ratings, Fitch explains to CNBC-TV18, in his reaction to the announcement of the debt-restructuring package for power discoms, that the package would boost the confidence of banks which ceased to lend to distribution companies who were financing their operating losses with short-term loans.

Delhi Power: Domestic prices up 24%; commercial up 19.5%

Delhiites – get ready for a major hike in your electricity bills. The steep hike in Delhi power tariffs will see domestic prices go up by 24% and commercial prices go up by 19.5%.

Tulsian bets on GTL twins, DEN Network; cautious on Dish TV

SP Tulsian of sptulsian.com gives his views on a few stocks that made news today.

What's tripping power cos? Fuel availability, say experts

The shortage of fuel availability is the main problem faced by power producers, say experts.

Discoms must recover dues before tenant vacates: HC

Discom companies are bound to recover arrears before a tenant vacates the premises to ensure that the liability does not fall on the landlord or subsequent tenant, the Delhi High Court has ruled.