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Gujarat on top, Uttar Pradesh at bottom of discoms ratings list

25 Mar

The tussle between Narendra Modi and Nitish Kumar has created ripples in the electricity sector as Power Minister Jyotiraditya Scinida is scheduled to preside over a function that will contrast exemplary performance and credit-worthiness of Gujarat utilities with the mess in Bihar and Uttar Pradesh.

According to sources in the power sector, in the first-ever exercise to grade all state utilities for their credit-worthiness, all four electricity distribution entities from Gujarat have been rated ‘A+’ with Dakshin Gujarat Vij Company Limited(DGVCL) receiving the highest 89%.
West Bengal State Electricity Distribution Company and Maharashtra State Electricity Distribution Company received ‘A’ grade while 11 discoms from various states were assigned ‘B+’. Ten entities with relatively poor performance and weaker financial health including one from Tamil Nadu were assigned “B”, while eight utilities received C+ grade.Image

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