Rs 90,000 crore package to provide only temporary relief to discoms: IndRa
The Rs 90,000 crore package would provide only a temporary relief to power distribution companies but not long-term stability, India Ratings and Research (Ind-Ra) said on Tuesday.
Finance Nirmala Sitharaman earlier this month announced Rs 90,000 crore liquidity infusion for discoms, saying that they owe Rs 94,000 crore to power generation companies.
“India Ratings and Research (Ind-Ra) believes that the bailout package of Rs 900 billion would only provide a temporary relief to power distribution companies (discoms),” Ind-Ra said in a statement.
