Indian government has launched rating for the state power distribution companies to monitor their performances. The utilities are graded on a scale of 6 from A to C by ICRA and CRISIL. The move will enable the companies to garner funds efficiently probably at a lower rate of interest.
Currently, 39 distribution companies have been rated out of which 4 where awarded A+ and two where given A, 11 have received B+ rating while 10 have been given B, eight got C plus and four are rated C. Distribution is a key chain in power sector and healthy distribution companies will provide stability for long term planning.
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