In what underlines the urgency of revamping the UDAY scheme, power distribution entities’ (discoms) losses are again mounting, after declining over two years till FY18 — at FY19 end, the losses were up 44% year-on-year at Rs 21,658 crore.
Worse, if these entities had paid generating companies in time, the losses would have been higher — dues to producers were up 28% at Rs 38,884 crore at May end.