{"id":361616,"date":"2020-07-07T11:12:27","date_gmt":"2020-07-07T05:42:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=361616"},"modified":"2020-07-07T11:12:27","modified_gmt":"2020-07-07T05:42:27","slug":"discom-drama-audited-losses-double-back-to-pre-uday-levels","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/discom-drama-audited-losses-double-back-to-pre-uday-levels\/","title":{"rendered":"Discom drama: Audited losses double, back to pre-Uday levels"},"content":{"rendered":"<p>Financial losses of state-run power distribution companies (discoms) jumped 83% in FY19 to a level numerically even higher than in FY15, the year before the UDAY scheme for their revival was put into effect. According to the PFC-audited data reviewed by FE, state-run discoms in the country suffered combined losses of Rs 61,360 crore in FY19, more than double the figure of Rs 28,036 crore put out by the Union power ministry earlier, compiling reports from the discoms.<\/p>\n<p>The audited figures for FY18 also showed the discoms\u2019 losses were more than double the level earlier reported at Rs 33,365 crore (see chart). The losses had stood at close to Rs 57,000 crore in FY15.  The audited figures corroborate the fact that the UDAY scheme, launched in November 2015, had had a short-term, sub-optimal positive impact on discoms\u2019 financial health, but it failed to avert a relapse in FY19. The situation might have worsened further in FY20.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial losses of state-run power distribution companies (discoms) jumped 83% in FY19 to a level numerically even higher than in FY15, the year before the UDAY scheme for their revival was put into effect. According to the PFC-audited data reviewed by FE, state-run discoms in the country suffered combined losses of Rs 61,360 crore in FY19, more than double the figure of Rs 28,036 crore put out by the Union power ministry earlier, compiling reports from the discoms. The audited figures for FY18 also showed the discoms\u2019 losses were more than double the level earlier reported at Rs 33,365 crore [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-361616","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/361616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=361616"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/361616\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=361616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=361616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=361616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}