NEW DELHI: Reliance-backed discoms BSES Rajdhani and BSES Yamuna have stuck to their stand that their liquidity crisis was not exaggerated. They have submitted a clarification to Delhi Electricity Regulatory Commission(DERC) on their accounts.
"We have already made detailed submission to DERC regarding the financial package being worked out by the IDBI led consortium of banks. Both the promoters have already pledged fresh equity infusion in BSES discoms of which Reliance Infrastructure has already invested Rs 520 crore (51% share). Delhi government is expected to infuse its share of equity soon. This is to ensure that consumers continue to get regular power supply," said a spokesperson.
with thanks : Times of India : LINK for detailed news.
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