Chief Minister Devendra Fadnavis on Tuesday announced a plan for a phased equity listing of Maharashtras power utilities, starting with the transmission company next year.He said it is essential to undertake the process to make the entities more efficient and agile.It is the right time to start the listing process for government entities and corporations.

Maharashtra to list energy utilities starting with transco in 2026: Fadnavis

Devendra Fadnavis Announces Phased Equity Listing of Maharashtra's Power Utilities

Chief Minister Devendra Fadnavis has revealed a plan for the phased equity listing of Maharashtra's power utilities, with the transmission company set to be listed first in 2026.

Key Points:

The listing of Maharashtra State Electricity Transmission Company is expected to take place in 2026.
The transmission company's listing will be followed by the generation company's listing in the second phase, and the distribution company's listing in the next phase.
The government aims to make the entities more efficient and agile through the listing process.
The listing will enable government entities and corporations to access funding from the route, with 15 urban local bodies in the state already benefiting from it.

Speaking at an event for the listing of Nashik Municipal Corporation's maiden bond issue, Fadnavis emphasized the importance of the listing process. He highlighted the slew of incentives available, including the AMRUT scheme and the Urban Challenge Fund, which ensure that the interest burden on municipal bodies is minimized.

Nashik has successfully raised money at zero interest costs, with three urban local bodies in the state having previously issued municipal bonds.

Background:

As per a June 2025 media report, Maharashtra's Transco had invited bids for financial advisors for its initial public offering. The power utility, with an authorized share capital of Rs 15,000 crore and a paid-up share capital of Rs 8,984 crore, will be seeking inputs on the IPO's feasibility, capital structuring, and valuation from the advisor.

The listing of Maharashtra's power utilities is expected to bring about significant benefits, including increased efficiency and agility, and access to funding for government entities and corporations.

Key Figures:

Rs 15,000 crore: Authorized share capital of Maharashtra's Transco
Rs 8,984 crore: Paid-up share capital of Maharashtra's Transco
2026: Expected listing date of Maharashtra State Electricity Transmission Company