India’s richest state is said to prepare for power utility IPO
Published on: April 23, 2026, 3:25 p.m. | Source: The Economic Times
Maharashtra is preparing an IPO for its power distribution arm MSEDCL, aiming to raise $500 million to $1 billion. The move, supported by balance sheet restructuring and business separation, could mark a rare listing in the sector and test reforms in Indias loss-making electricity distribution industry amid improving financial performance.
