Distribution companies (discoms) in three BJP-ruled states currently make up for nearly 90 per cent of close to Rs 77,000 crore in funds to be recovered from consumers for electricity consumption, but have been unable to do so due to infrequent hikes in tariffs, according to a recent report by India Ratings and Research. India Ratings expects a two per cent growth for the Indian corporate bond market if distribution companies chose to securitise these pending regulatory assets.
As per the latest tariff orders until FY18-FY19, the total amount of these funds, known as regulatory assets, outstanding amounted to Rs 76,963 crore. Uttar Pradesh, Maharashtra and Jharkhand account for around 87 per cent of this amount, said India Ratings. Read More
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