The Maharashtra government has given the go-ahead for the bifurcation of the Maharashtra State Electricity Distribution Company (MSEDCL) into two distribution companies and approved the proposal for its initial public offering (IPO). The restructuring plans involve carving out a new distribution company (DISCOM), MSEB Solar Agro Power (MSEB SAPL), for supplying electricity to agricultural consumers. The state cabinet also decided to provide ₹25 billion (~$269.11 million) as initial capital for MSEB SAPL. Currently, MSEB SAPL is the nodal agency for the implementation of Mukhyamantri Saur Krishi Vahini Yojana 2.0-Scheme for feeder-level solarization in the State of Maharashtra
