Wednesday, 12 December 2012

Maharashtra mulling IPO for power utilities

The Maharashtra government is mulling diluting its stake in its generation and transmission companies, Maharashtra State Power Generation Co (MahaGenco) and Maharashtra State Electricity Transmission Co (MahaTransco), through public offering. The companies have already completed internal studies and held discussions with merchant bankers. Currently, the state government holds 100 % equity in both these companies.
The State energy minister Rajendra Tope confirmed that the government is quite

MahaGenco, Mahagenco IPO, Maharashtra transmission, MahaTransc, Maharashtra State Power Distribution Company, MahaVitaran

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