States - West Bengal
Bengal discom faces liquidity crunch; borrows Rs 400 crore

Our Bureau

Kolkata, June 10

Stung by liquidity crisis, West Bengal State Electricity Distribution Company Ltd (WBSEDCL) raised over Rs 400-crore short-term loan between March-May 2010 to meet regular expenses. The State distribution utility has also liquidated Rs 300 crore of its fixed deposits to meet the crisis. According to the Managing Director, Mr Moloy De, the liquidity crisis has arisen due to piling up of Rs 1,780-crore “regulatory assets”.