Uttar Pradesh plans to privatize loss-making power firms, facing less resistance due to a court case. The government aims for strategic reforms and employee engagement.
“This restructuring will also open doors for multiple private investors, fostering a competitive environment and eliminating monopoly fears,” a UPPCL spokesperson stated.
PVVNL officials have raised concerns with the Noida authority on multiple occasions, warning of dire consequences if the substations are not built in time, they alleged