Operational efficiency, tariff hikes to cut discom losses by a third this fiscal

MUMBAI: State-owned power distribution companies (discoms) will see their operating losses coming crashing down by a third to nearly Rs 8,000-10,000 crore this fiscal from an estimated Rs 12,000-15,000 crore last fiscal, driven by improving operational efficiency and approved tariff hikes in some key states, coupled with the marginal moderation in the average power purchase cost.