NEW DELHI: As part of its strategy to bring India's battered economy back on track, India will provide ₹90,000 crore liquidity injection for the fund-starved electricity distribution companies (discoms).
This was announced by finance minister Nirmala Sitharaman as one of the 15 measures in the first tranche to combat the economic disruption from the coronavirus lockdown, that has worsened the already precarious finances of power discoms. "Discoms today are facing unprecedented cash flow problems," Sitharaman said.
This ₹90,000 crore will help in clearing the outstanding dues of discoms by state owned financial institutions. Mint reported about the proposed power sector package earlier.