India Considers $12 Billion Plan to Bailout Power Firms
India may offer a bailout of more than ₹1 trillion ($12 billion) for debt-laden state-run power distribution companies. To accept the funds, the state will be required to privatise its electric utilities and transfer managerial control, or keep control while listing them on a stock exchange, according to government officials and a Ministry of Power…
ABHYUDAYA MITTAL