Maharashtra readies MSEDCL IPO to raise up to 1 billion and shake up loss making power sector

A rare power distribution listing could finally expose reforms

Maharashtra is reportedly preparing an IPO for its power distribution arm MSEDCL, seeking to raise between $500 million and $1 billion. The plan follows balance sheet restructuring and business separation, and could bring one of the rare listings in India’s loss-making electricity distribution space. It also puts recent sector reforms to the test as MSEDCL’s finances improve.