BSES discoms pay Rs 400-crore dues to Aravali Power

By: |
January 13, 2021 6:30 AM

“BSES discoms are committed to supply reliable and uninterrupted power supply to around 46 lakh consumers in Delhi,” the spokesperson added.

Lower electricity volumes consumed by highly industrialised states in FY20 had dragged down the annual demand growth to a six-year low of 1.3%.Lower electricity volumes consumed by highly industrialised states in FY20 had dragged down the annual demand growth to a six-year low of 1.3%.

BSES Rajdhani Power (BRPL) and BSES Yamuna Power (BYPL) have paid Aravali Power (APCPL) Rs 352.27 crore and Rs 47.34 crore, respectively, on January 11 as per demand, a spokesperson said, adding that the issue has been resolved.

“BSES discoms are committed to supply reliable and uninterrupted power supply to around 46 lakh consumers in Delhi,” the spokesperson added.

BRPL & BYPL are power distribution companies and joint ventures (JVs) between Reliance Infrastructure and the government of National Capital Territory of Delhi.

On January 2, Aravali Power, a JV of NTPC, HPGCL and IPGCL, had issued notices to BRPL and BYPL towards the default in payment of dues of Rs 352.27 crore in the case of BRPL and Rs 47.34 crore in the case of BYPL.

The notice had directed the discoms to make the payment within 10 days of the notice, failing which APCPL had threatened to initiate a corporate insolvency resolution process against the discoms.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Unilever commits to living wage across its value chain by 2030
2Jet Airways engineers’ body files application with NCLT for speedy resolution
3Telcos’ gross revenue rise 14 per cent to Rs 68,228 crore in 2020 September quarter