The external debts of Indian state-owned electricity distribution companies (discoms) are expected to rise to $ 37bn by today , according to a report by FY19 , The credit ratings agency analysed discoms in Nine states, which made up 85% of the total losses. The debt had fallen after the government intrduced the Ujwal Discom Assurance Yojana , aimed at stabilising the companies, however it is now expected to rise once again. Any delay would increase the pain for the power sector, especially for the generating companies, investors and lenders, he said. The discoms are facing pressure to become more commercially viable as states have limited resources to help them. 15 states have already breached the Fiscal Responsibility and Budget Management Act .
The external debts of Indian state-owned electricity distribution companies (discoms) are expected to rise to $ 37bn by today , according to a report by FY19 , The credit ratings agency analysed discoms in Nine states, which made up 85% of the total losses. The debt had fallen after the government intrduced the Ujwal Discom Assurance Yojana , aimed at stabilising the companies, however it is now expected to rise once again. The discoms are facing pressure to become more commercially viable as states have limited resources to help them. 15 states have already breached the Fiscal Responsibility and Budget Management Act .