▲ 19 r/TamilNadu
First signature & Financial health of tangedco.
TANGEDCO (now largely restructured into TNPDCL) faces severe financial distress with a negative net worth exceeding ₹1 lakh crore and immense, accumulated losses. The utility relies heavily on government support and extensive borrowings, with losses in distribution increasing to nearly 13% in FY24. High operational costs and unsustainable debt define its financial status.
u/Agreeable_Winter8053 — 5 days ago