Maharashtra to list energy utilities starting with transco in 2026: Fadnavis
Mumbai (PTI): Chief Minister Devendra Fadnavis on Tuesday announced a plan for a phased equity listing of Maharashtra's power utilities, starting with the transmission company next year.
He said it is essential to undertake the process to make the entities more efficient and agile.
"It is the right time to start the listing process for government entities and corporations. We have decided that we will certainly list the electricity transmission company at first," Fadnavis said at an event here.
Later, he shared that the government expects the listing of Maharashtra State Electricity Transmission Company in 2026.
The transmission company's listing will be followed with generation company's listing in second phase and the distribution company's in the next, the chief minister said without giving a timeline.
Speaking at an event for the listing of Nashik Municipal Corporation's maiden bond issue, Fadnavis said there are 15 urban local bodies in the state which can access funding from the route.
He added that the slew of incentives, including the Union Minister of Housing's AMRUT scheme and also the Urban Challenge Fund ensure that the interest burden on municipal bodies actually comes down and added that Nashik has raised the money at zero interest costs.
It can be noted that three ULBs in the state have so far raised money by issuing municipal bonds.
As per a June 2025 media report, Maharatra's Transco had invited bids for financial advisors for its initial public offering. The power utility, which had an authorised share capital of Rs 15,000 crore and a paid-up share capital of Rs 8,984 crore, will be looking for inputs on an IPO's feasibility, capital structuring and valuation from the advisor.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Bengaluru: Four arrested for housebreaking, threats, extortion; fake PSI among accused
Bengaluru: Vidyaranyapura police have arrested four persons, including a man posing as a Police Sub-Inspector (PSI), for allegedly breaking into a house, threatening the occupants, and extorting money while wearing police uniforms.
The arrested accused have been identified as Mallikarjuna, Pramod, Vinay, and Hrithik.
Police said the accused had hatched a plan to pose as police personnel, conduct fake raids, and extort money from residents by intimidation.
ALSO READ: Bantwal police arrest two men for illegal sale of narcotics, seize two vehicles, 810 gm ganja
According to the police, Mallikarjuna had failed the PSI examination twice and later falsely projected himself as a PSI. He allegedly conducted photo shoots in his hometown, Siraguppa, wearing a police uniform, baton, cap, and shoes, claiming to be serving as a PSI in Bengaluru.
On December 7, the four accused allegedly went to the house of Naveen in the Vidyaranyapura limits, threatened him with a stick and an iron rod, and claimed they had information that he was selling ganja. Under the pretext of searching, they allegedly extorted ₹87,000 through bank transfer, ₹53,000 in cash kept in the house, and ₹2,000 from his wallet.
Following Naveen’s complaint, Vidyaranyapura police registered a case and launched an operation, leading to the arrest of all four accused. Police have seized ₹45,000 in cash and the car used to commit the crime.
Further investigation is underway.
