Agricultural power

Maharashtra State Electricity Distribution Company Ltd (MSEDCL) plans to launch its initial public offering (IPO) by December 2026 after carving out its agricultural load into a separate entity from April 1, 2026, Managing Director (MD) Lokesh Chandra said. The move aims to improve the discom’s balance sheet, which carries unpaid arrears of Rs 96,000 crore. The agriculture demerger is intended to make the remaining debt sustainable and serviceable through internal accruals before listing. Chandra said…