Bihar Picks PNB Arm For IPO

The Bihar government has taken a significant step towards reforming its power sector by choosing a PNB arm to manage the initial public offering of the state power transmission utility. This decision is a crucial step towards bringing in private investment and expertise into the sector. The state power transmission utility is responsible for the transmission and distribution of electricity across the state. The IPO is expected to bring in much-needed funds for the utility to upgrade its infrastructure and improve its services.