Uttar Pradesh finance dept, power corporation officials meet to work out formula for aid

The state’s finance department on Monday had a meeting with UP Power Corporation Ltd (UPPCL) officials to work out some formula to arrange ₹18,000 crore government financial assistance, as sought by the corporation, to bridge its cash gap during the current financial year.

UPPCL chairman M Devraj, who held deliberations with the top finance department officials, also met chief secretary Rajendra Kumar Tiwari later in the day to discuss the issue of the financial assistance to the cash-strapped corporation.

Monday’s developments followed the high-level meeting convened by chief minister Yogi Adityanath here on Saturday (June 26) to review the financial status of UPPCL and its discoms.