(FE)
A parliamentary panel has expressed concern over the massive Rs 8,435 crore outstanding dues of Coal India from power sector and said punitive action should be taken against the defaulting power generating units. The Standing Committee on Coal and Steel in a report tabled in Parliament on Friday also noted that huge amount of dues are outstanding from the state and other utilities for years.
“The outstanding dues of Coal India from the power sector as on March 31, 2019 (are) Rs 8,435.19 crore,” the report said. The panel said it is concerned to note that huge amount of dues are outstanding from the state and other utilities for years. “The Committee therefore, recommends that more vigorous efforts need to be taken by all (three) PSUs to recover outstanding dues and if warranted, punitive actions on the defaulting parties should also be taken,” it said.
