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MSEDCL will be split into two entities -- one catering to industrial, commercial and domestic consumers, and another, focused on agricultural consumers The Maharashtra Cabinet on Thursday approved the financial restructuring of Maharashtra State Electricity Distribution Company Ltd (MSEDCL) including its bifurcation and a proposed initial public offering (IPO) of its non-agricultural business. According to the official press release, MSEDCL will be split into two entities -- one catering to in ...Read More >
MUMBAI: State-owned power distribution company MSEDCL will be restructured to create a new company to serve its agricultural consumers, a move that will benefit the MSEDCL as well as its industrial and commercial users. The demerger, approved by the state government at its cabinet meeting on Tuesday, will also see the parent company list on the stock exchange and issue bonds worth ₹32,679 crore. This is a milestone for power distribution in the state, and for the Maharashtra State Electricity D ...Read More >
The Maharashtra Resilient Development Programme (MRDP), designed to enhance the state's disaster management system, will receive Rs 165 crore in external assistance from the World Bank. Mumbai: The Maharashtra Cabinet on Tuesday approved the creation of a new Information Technology and Artificial Intelligence department, a major restructuring of state power utility Mahavitaran, and a World Bank-supported programme aimed at strengthening disaster-response mechanisms. The Maharashtra Resilient D ...Read More >
New Delhi, Jun 6 (PTI) India's biggest gas utility GAIL has started operating its 5 million tonnes a year liquefied natural gas (LNG) import terminal at Dabhol in Maharashtra at full capacity as it received its first ever cargo at the facility during monsoon. The company had to shut the Ratnagiri terminal, popularly known as the Dabhol LNG plant, for four months from May 25 each year to avoid high swell in the sea damaging ships or the jetty while berthing. The firm has now completed building a ...Read More >
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