Maintaining that the “financial health” of “Mahavitaran” had deteriorated, Maharashtra Energy Minister Nitin Raut on Thursday urged the Centre for an immediate assistance of Rs 10000 crore to prevent the Maharashtra State Electricity Distribution Limited (MSEDCL as Mahavitran is known) “from slipping into coma”.
In a letter shot off to Union Energy Minister, R K Singh, Dr Raut said that Maharashtra State Electricity Distribution Limited (MSEDCL or Mahavitaran) had incurred huge financial losses due to Covid pandemic and was facing precarious financial situation and demanded immediate assistance of Rs 10000 crore to help the state electricity overcome the liquidity crunch.
He has said due to Covid-19, Mahavitaran which was the largest distribution company of India, was grappling with acute fund shortage. The lockdown period continued for almost 3 months and it still continued in major parts of Maharashtra.
