{"id":431346,"date":"2021-08-19T10:44:13","date_gmt":"2021-08-19T05:14:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=431346"},"modified":"2021-08-19T12:07:19","modified_gmt":"2021-08-19T06:37:19","slug":"grossly-inflated-powermin-on-fy21-discom-loss-estimates-of-90k-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/grossly-inflated-powermin-on-fy21-discom-loss-estimates-of-90k-crore\/","title":{"rendered":"\u2018Grossly inflated\u2019: PowerMin on FY21 discom loss estimates of `90K crore"},"content":{"rendered":"<p>State-owned power distribution companies (discoms) posted losses of Rs 32,898 crore in FY19-20, the Power Ministry said in a statement on Wednesday in response to estimates that pegged the losses at Rs 60,000 crore for FY20 and about 90,000 crore for FY21. The Ministry said a loss estimate of Rs 90,000 crore for state discoms in FY21 was \u201cgrossly inflated\u201d. The NITI Aayog had also used the estimate in its report on the power distribution sector published in August.<\/p>\n<p>\u201c\u2026 actual PAT figure for FY2020 is almost half of the negative ~Rs 60,000 crore projected by Icra for FY2020, thereby indicating that the Icra estimations of even FY2020 are significantly flawed. Icra has further built up the losses for FY2021 on their erroneously estimated figures of FY2020 by adding another Rs 30,000 crore due to Covid,\u201d the Ministry said. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned power distribution companies (discoms) posted losses of Rs 32,898 crore in FY19-20, the Power Ministry said in a statement on Wednesday in response to estimates that pegged the losses at Rs 60,000 crore for FY20 and about 90,000 crore for FY21. The Ministry said a loss estimate of Rs 90,000 crore for state discoms in FY21 was \u201cgrossly inflated\u201d. The NITI Aayog had also used the estimate in its report on the power distribution sector published in August. \u201c\u2026 actual PAT figure for FY2020 is almost half of the negative ~Rs 60,000 crore projected by Icra for FY2020, thereby [&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":[130],"tags":[],"class_list":["post-431346","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/431346","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=431346"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/431346\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=431346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=431346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=431346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}