Representative Image 
Tamil Nadu

Chamber hails Tamil Nadu for joining UDAY scheme

The Indian Chamber of Commerce and Industry, Coimbatore (ICCIC) has welcomed the Tamil Nadu government’s move to join the union government’s Ujwal Discom Assurance Yojana (UDAY) Scheme for Operational and Financial Turnaround of Power Distribution Companies (DISCOMs).

migrator

Coimbatore

On behalf of industries and industrial bodies in Coimbatore, ICCIC president Vanitha Mohan congratulated the Chief Minister for taking the initiative. She said the government will reap Rs.11,000 crore worth benefits by savings in interest cost by its power distribution companies, mitigating transmission losses and initiating measures such as improving energy efficiency and coal availability. 

By signing the MoU the State would take over 75 per cent of debut to the tune of Rs. 30,420 crore of the Tangedco, she further added. “All the participating states in the UDAY scheme will undertake to achieve operational and financial turnaround,” she said.  

Vanitha Mohan further added  that the chamber of commerce would initiate measures to create large scale awareness among the citizens and industries in this region to encourage them to collaborate with the Government to improve energy efficiency.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

EC likely to announce TN, Puducherry, Kerala, Bengal, Assam Assembly poll dates tomorrow

Trump says US bombed military sites on island vital to Iran's oil network

Jet fuel prices are rising. That could make summer flights more expensive

Chennai gold price dips by Rs 1,120, silver costs Rs 280 per gram on March 14, 2026

Velachery-Mount MRTS extension to transform lives in South Chennai suburbs