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Telangana and Assam Join UDAY Program

January 5, 2017

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The Indian states of Telangana and Assam became the 19th and 20th signatory states of the Ujwal DISCOM (distribution company) Assurance Yojana (UDAY) program, a government program designed to bring about the financial turnaround of DISCOMs in the country. Telangana is estimated to achieve a net benefit of ~Rs.61.16 billion (~$895.8 million) and Assam a net benefit of ~Rs.16.63 billion (~$243.6 million). A total of 19 states and one union territory have now become UDAY signatories, accounting for ~90 percent of the total debt to be restructured through the program.

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