Centre plans Rs 1 trillion bailout for debt-ridden power discoms, pushes for privatisation
India is considering a bailout exceeding 1 trillion rupees ($12 billion) for debt-laden state-run power distribution companies.
To receive the bailout funds, the states will be required to privatise their electric utilities and transfer managerial control or keep control but list them on a stock exchange, according to three government officials and a document outlining the plan prepared by the Indian Ministry of Power.
