Maharashtra: No Electricity Rate Hike for 5 Years, CM Fadnavis Announces 25% Day Discount

• Maharashtra CM Devendra Fadnavis announced that electricity rates will not increase for the next five years, benefiting industries and consumers.
• Industrial electricity demand in Maharashtra has risen by 23%, yet rates remain cheaper than in competitive states.
• The government has ensured 4,500 MW electricity availability for data center projects, establishing Maharashtra as a leading data center hub.
• Maharashtra State Electricity Distribution Company Limited (Mahavitaran) has achieved over 1 lakh crore rupees in revenue, becoming one of the largest power distribution companies.
• A new system offers a 25% discount on electricity rates from 9 AM to 5 PM due to sufficient daytime power availability.