How Supreme Court's Essar Steel verdict could offer relief to struggling power firms
Updated : November 18, 2019 01:29 PM IST
The decline in power generation for three consecutive months coupled with record low plant load factor (PLF) at sub 50 percent level underscores the weakness in power demand.
Despite several efforts from the government such as opening of letter of credits etc, the health of distribution companies continues to plummet while their outstanding dues continue to mount.
However, the problems of power sector may be closer to a resolution following the Supreme Court's landmark ruling in the Essar Steel case.