Rs.2.07 Trillion (~$30.99 Billion) of DISCOM Debt Restructured Under India’s UDAY Program Says Mr. Piyush Goyal
A total of ~Rs.2.07 trillion (~$30.99 billion) DISCOM debt has been restructured under the Ujwal DISCOM Assurance Yojana (UDAY) program in India. UDAY is a government program designed to facilitate the financial turnaround of DISCOMs (utilities). There are 22 states and union territories that have joined the UDAY program.
Of the ~Rs.2.72 trillion (~$40.73 billion) debt proposed to be restructured, for the 15 states who have joined for both, operational and financial turnaround, Rs.2.07 trillion (~$30.99 billion) worth liabilities have already been restructured, stated Mr. Piyush Goyal, Minister for Power, in the Lok Sabha.
Mercom had previously reported on the progress of UDAY program after a year of inception.