Listing power utilities promises better transparency, reporting, and financial discipline—long missing in the sector
Getco (Gujarat), Chhattisgarh, and Haryana are exploring listings. Getco leads with relatively sound financials
Discoms supply 80% of India’s power—often at subsidised rates, leading to chronic losses and poor investor appeal
Despite multiple bailouts, discom losses hit ₹6.8 trillion in FY24. T&D losses and tariff gaps persist
Most discoms lack independent oversight, making investor trust and effective reform difficult
Listing alone won’t fix the system—but it may push states to adopt reforms no bailout ever could