The aggregate loss of distribution companies (discoms) of the 15 states that have joined the Ujwal Discom Assurance Yojna (UDAY) so far will more than halve to 28 paise per unit by fiscal 2019 compared with 64 paise in fiscal 2016, according to a report by Crisil. This would see aggregate losses of these discoms declining 46 per cent to about Rs 20,000 crore from about Rs 37,000 crore, the report added. “The 15 states that have signed MoUs under UDAY envisage a...
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