Niti report: Discoms’ FY21 losses seen at `90,000 cr

Losses of state-run power distribution companies (discoms) are estimated to have surged to `90,000 crore in FY21, a report released by NITI Aayog on Tuesday.

Union power minister RK Singh recently said discoms’ losses were down 38% on year at `38,000 crore in FY20, mainly due to corrective actions like timely tariff revisions and improvement in billing and collection efficiency. The losses were expected to have risen again in FY21 owing to the pandemic disrupting the reform process that induced a certain discipline among these entities.