Power discoms get ₹90,000 crore liquidity lifeline

NEW DELHI : The government on Wednesday announced a ₹90,000 crore liquidity injection into fund-starved electricity distribution companies (discoms) as part of a stimulus package to revive the country’s battered economy.

The announcement, made by finance minister Nirmala Sitharaman, is one of the measures in the first tranche of a stimulus package to combat the economic disruption that has worsened the already precarious finances of discoms.

“Discoms today are facing unprecedented cash-flow problems,” Sitharaman said.