in5points
FinanceHindustan Times

Profitable on paper, PSPCL looks to borrow ₹10,000 crore

in5points

  1. PSPCL plans to borrow ₹10,000 crore from the debt market due to liquidity stress.

  2. The Punjab government and its departments owe PSPCL nearly ₹9,600 crore in unpaid subsidy reimbursements and power bills.

  3. PSPCL had claimed improved finances and profitability in its ARR filings before PSERC.

  4. The borrowing is needed to cover day-to-day expenses, power purchases, and debt servicing.

  5. The Punjab government has delayed subsidy payments for three years, creating a severe cash-flow mismatch.

3h ago · original ↗