Advertisement

Business

Updated on: Tuesday, July 14, 2020, 12:33 AM IST

CIL dues from state power gencos mount to Rs 22,000cr amid tepid demand

The mining behemoth is also not in a position to regulate supplies to the power companies as demand has remained subdued over the last few months, they said.
PTI
Coal India project |

Coal India project |

Advertisement

Coal India's dues from state- owned power generation companies have risen to Rs 22,000 crore amid muted demand and high production, sources said on Monday.

The mining behemoth is also not in a position to regulate supplies to the power companies as demand has remained subdued over the last few months, they said.

"Dues are now at Rs 22,000 crore. We are not sure when the situation will improve, and are yet to see the flow of government funds as assistance to gencos," a company source told PTI.

The outstanding amount was around Rs 12,000 crore in January.

"Majority of the dues are from state gencos and rationalisation of supply to put pressure on them is also not feasible," he said.

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Published on: Tuesday, July 14, 2020, 12:33 AM IST
Advertisement