Discoms’ liquidity package set for hike at Rs 1,200 billion

The Rs 900 billion liquidity package for discoms to help them pay their dues till the month of March is reportedly set to be enhanced to Rs 1,200 billion factoring in these utilities’ outstanding till June. …

An official communication in this regard has already been sent to the implementing state owned non-banking finance firms Power Finance Corporation (PFC) and REC by the ministry of power. The respective boards of REC and PFC will approve the hike in liquidity package to around Rs 1,200 billion covering a period of dues till June this year, by the end of September.

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