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NT Bureau
Chennai, May 23:

        A ten-fold increase in the market value of the assets of Maharashtra State Electricity Distribution Company to well over Rs 43 billion has substantially raised the possibility of speeding up the power sector reforms in Maharashtra. Interestingly, Maharashtra is the second State to pursue reforms after Orissa did it nearly five years ago.

        The valuation is based on a report prepared by SREI Capital Markets Limited, a task entrusted to it by the Maharashtra government in the aftermath of latter's decision to unbundle the erstwhile Maharashtra State Electricity Board and unlock the value of the monolith organisation. The government will shortly make the full valuation report public which is expected to form the basis of the subsequent plans to overhaul the operations of the new entities.