UPPCL seeks immediate assistance of ₹12,000 cr from Yogi Adityanath govt

The Uttar Pradesh Power Corporation Ltd (UPPCL) on Saturday presented a long wish-list to chief minister Yogi Adityanath during a high-level meeting convened by him at his official residence.

The corporation requested him to bail it out of a financial crisis by injecting a powerful dose of financial assistance.

It said that it required financial assistance of ₹18,000 crore during the current financial year and ₹12,000 crore immediately to bridge the cash gap caused by various factors, including non-payment of electricity bills by government departments.

The chief minister held the meeting to review the financial status of UPPCL and its subsidiary distribution companies (discoms).