India considers $12 billion bailout for state power distributors

India is mulling a bailout plan of more than $12 billion (over ₹1 trillion) for debt-laden state-run power distribution firms, conditional on reform. To qualify for funds, states must either privatise the utilities or list them within three years. The sector faces combined losses of about ₹7.08 trillion and debt of ₹7.42 trillion. Private power companies stand to benefit if reform is realised. Political resistance and legal hurdles could delay implementation, though the policy intent signals reform urgency in India’s utility sector.