ICICI Securities: Discom Liquidity Infusion Scheme Gains Traction
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
With sanctions totalling Rs 1.14 trillion and application for a further Rs 157 billion (under Ujjwal Discom Assurance Yojana limit relaxation) by Chhattisgarh, Jharkhand and Uttar Pradesh, the total applications under the Power Finance Corp./Rural Electrification Corp. Aatmanirbhar Scheme to infuse liquidity into discoms touch Rs 1.3 trillion.
Of this, Rs 311.4 billion has already been disbursed to several states.
UDAY limit relaxation has allowed states to borrow more and, apart from the mentioned states, others including Maharashtra, Himachal Pradesh, have also availed of the benefit.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.