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Launch Website
URJA
DRISHTI
(DISCOM Rating for Integrated Solvency, Health and Transparency Improvement)
An initiative to improve transparency into India's distribution sector and strengthen the country's discoms
URJA
DRISHTI
(DISCOM Rating for Integrated Solvency, Health and Transparency Improvement)
An initiative to improve transparency into India's distribution sector and strengthen the country's discoms
URJA
DRISHTI
(DISCOM Rating for Integrated Solvency, Health and Transparency Improvement)
An initiative to improve transparency into India's distribution sector and strengthen the country's discoms
Salient Features of the 11th Integrated Rating
11th Integrated Rating is truly reflective of the actual on-ground financial position and focuses on key indicators of financial sustainability including the ability to:
- Pay Power Generation and Transmission companies
- Meeting cost of running operations
- Service debt obligations
Aligned to new MoP policies and guidelines for improving long-term DISCOM performance
Inclusion of private DISCOMs and power & electricity departments for complete sectoral coverage
The Rating Exercise is being carried out as per the framework approved by the Ministry of Power with Power Finance Commission Limited (PFC) as the nodal agency
Comprehensive scorecard for every DISCOM with rating, ranking and trajectory
Ratings will be dynamic in nature, reviewed regularly for key triggers (e.g., defaults to banks)
Metrics adjusted for actual cash received rather than accruals, e.g., ACS-ARR gap, DSCR, Leverage
Interactive digital dashboard to view rankings, ratings and benchmarking results
Ratings rely on available and verifiable data sourced from audited accounts, information from utilities, regulatory filings and orders, etc.
Robust analytics backed approach – weighted average of 3 years data (to normalize anomalies), ability to drill-down from dimension to specific parameters
Actionable for DISCOMs via specific root causes of under-performance and best practices for improvement
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