Discoms’ overdues remain flat in October

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December 14, 2020 1:25 AM

October saw the pending dues of discoms to gencos rise marginally m-o-m (1%) to Rs 1.26 trn though the figure was up 35% y-o-y.

The over-dues — payment default of 45-60 days or more — of all state-run discoms in the country to power plants is seen to increased 52% annually to Rs 1.2 lakh crore at August end.Of the Rs 125 bn of outstanding amount (less than 60 days) owed by discoms in October 2020, only 13%, or Rs 20 bn, was paid.

October saw the pending dues of discoms to gencos rise marginally m-o-m (1%) to Rs 1.26 trn though the figure was up 35% y-o-y.

Of the Rs 125 bn of outstanding amount (less than 60 days) owed by discoms in October 2020, only 13%, or Rs 20 bn, was paid. The total outstanding amount stood at Rs 1.38 trn — flat m-o-m (+1%) but up 30% y-o-y.

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