Most state electricity boards (SEBs) are incurring large loses.. Their-nati
onwide total annual loss' was estimated at Rs 10,684 crore in 1997-98. This
has emerged:as a major constraint on the reform-of the power sector. A cas
e study of the Maharashtra State Electricity Board (MSEB) leads to the conc
lusion that tariff;increase, capital restructuring and measures to improve
technical performance and managerial efficiency can bring about a substanti
al improvement in the financial position of the MSEB.