SEBs owe Coal India Rs 4,000 cr

The Maharashtra State Electricity Board heads the list of defaulters followed by the SEBs of Uttar Pradesh, Gujarat and Punjab. According to the provisional figures available the MSEB owes CIL subsidiaries Rs 675.54 crore, the UPSEB owes Rs 411.34 crore, the GEB Rs 287.53 crore and the PSEB Rs 236.48 crore.

Last year, the coal sales net dues to CIL’s subsidiaries from all the sectors including power, steel and others were around Rs 2113.89 crore (as on March 31, 1996). The subsidiaries made provisions of Rs 1135.18 crore for doubtful debts.

By August this year, the provisional outstandings from the power sector alone had touched Rs 3407.61 crore. While the total provisional disputed outstandings of the subsidiaries have remained unchanged at Rs 1626.45 crore.