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Maharashtra cabinet approves Mahavitaran split with IPO in months sparking big power sector buzz
Economy
Published on 24 April 2026
One part of Mahavitaran could start trading soon
Maharashtra’s cabinet has approved a financial restructuring plan for state-owned power distribution firm Mahavitaran that will split it into two entities. One entity is slated for listing on stock exchanges after an IPO is launched within six to nine months of completing the recast process, marking a major shift in the state’s power-sector strategy.
- Cabinet approved Mahavitaran’s financial restructuring plan
- The firm will be split into two separate entities
- An IPO for one entity is planned within 6 to 9 months
- Recast completion will trigger the listing process
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times