Maharashtra clears MSEDCL split, Mahavitaran IPO plan
The Maharashtra state cabinet has approved a restructuring of Maharashtra State Electricity Distribution Company Limited (MSEDCL), paving the way for its bifurcation and a planned stock market listing. The move positions the utility to potentially become the first state-owned power distribution company in India to go public. Under the plan, MSEDCL will be divided into two entities. Mahavitaran will cater to residential, commercial, and industrial consumers. MSEB Solar Agro Power Limited (MSAPL) will exclusively supply…