Mumbai, Dec. 24 -- Maharashtra State Electricity Distribution Company Ltd (MSEDCL) will restructure its operations to manage debt and enhance its appeal to investors ahead of its planned public listing next fiscal year, its top official said.

Also called Mahavitaran, the state government-owned power distributor will be split into two entities, with one taking over electricity supply to the farm sector along with Rs.75,000 crore in outstanding dues from farmers, Lokesh Chandra, the chairman and managing director of MSEDCL, said. This company will continue to remain private. The second unit, which will keep the profitable business of supplying power to residential and industrial consumers, will be listed on the stock exchanges, said Chandr...