{"id":431288,"date":"2021-08-19T08:38:13","date_gmt":"2021-08-19T03:08:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=431288"},"modified":"2021-08-19T09:38:18","modified_gmt":"2021-08-19T04:08:18","slug":"discoms-projected-rs-90000-cr-loss-grossly-inflated-power-ministry","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/discoms-projected-rs-90000-cr-loss-grossly-inflated-power-ministry\/","title":{"rendered":"Discoms&#8217; projected Rs 90,000 cr loss &#8216;grossly inflated&#8217;: Power ministry"},"content":{"rendered":"<p>The ministry of power in a statement said the projections on the financial loss of state owned power distribution companies (discoms), is erroneous and inflated. A recent report of Niti Ayog, citing a March dated analysis of ICRA Rating agency said discoms losses would increase to Rs 90,000 crore in FY21.<\/p>\n<p>The ministry of power said this loss figure cited is \u201cgrossly inflated&#8221;. <\/p>\n<p>ICRA in March in an analysis had indicated that discom losses will increase to Rs 90,000 crore in FY21, under a particular scenario. The rating agency had mentioned that net losses at PBT\/PAT levels for FY2020 was about Rs 56,000 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ministry of power in a statement said the projections on the financial loss of state owned power distribution companies (discoms), is erroneous and inflated. A recent report of Niti Ayog, citing a March dated analysis of ICRA Rating agency said discoms losses would increase to Rs 90,000 crore in FY21. The ministry of power said this loss figure cited is \u201cgrossly inflated&#8221;. ICRA in March in an analysis had indicated that discom losses will increase to Rs 90,000 crore in FY21, under a particular scenario. The rating agency had mentioned that net losses at PBT\/PAT levels for FY2020 was [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-431288","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/431288","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=431288"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/431288\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=431288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=431288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=431288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}