New Delhi: Rajasthan's three power distribution companies (DISCOMs) trimmed their combined debt by Rs 1,352 crore in FY26, bringing it down from Rs 97,970 crore to Rs 96,618 crore, according to an official statement from the state energy department.
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The reduction, attributed to expenditure controls, recovery of pending dues and lower borrowing costs, was not uniform across the three utilities. Ajmer Vidyut Vitran Nigam led the pack, cutting its debt by Rs 935 crore, while Jaipur Vidyut Vitran Nigam reduced its liabilities by Rs 644 crore. Jodhpur Vidyut Vitran Nigam, however, moved in the opposite direction — its debt rose from Rs 36,792 crore to Rs 37,019 crore, adding Rs 227 crore to its burden even as its peers deleveraged.
The energy department credited energy minister Heeralal Nagar with supervising the measures that drove the overall improvement.
A part of the debt reduction story is lower interest costs. The state secured loans for its DISCOMs from Power Finance Corporation (PFC) and REC at concessional rates starting from 8.75 percent. The refinancing resulted in interest rate reductions of between 0.90 percent and 1.40 percent on existing high-cost loans, easing the annual debt servicing burden across the three utilities.
The government also claimed a milestone on collections: all three DISCOMs achieved more than 100 percent revenue realisation in FY26, the first time this has happened simultaneously. Jaipur DISCOM recorded 102 percent revenue collection, Jodhpur DISCOM 100.96 percent, and Ajmer DISCOM 100.23 percent.
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Jaipur DISCOM separately stated that it replaced all defective electricity meters across its circles during the financial year. The utility said the exercise led to a sharp reduction in average billing discrepancies and savings of nearly Rs 1.9 crore.