The minister informed this in a written reply tabled in the House, in which he also dismissed the reports that these companies are not paying additional interest as the state refused to stand guarantee for such loans.
"The Maharashtra State Electricity Generation Company Ltd (Mahagenco) has an unpaid loan amount of Rs 35,310 crore with an average interest rate of Rs 10.16 per cent," he stated.
"Similarly, the Maharashtra State Electricity Distribution Company Ltd (MSEDCL or Mahadiscom) has an unpaid loan of Rs 23,173 crore and the Maharashtra State Electricity Transmission Company Ltd (MSETCL or Mahatransco) is yet to repay Rs 6,733 crore loan," the minister added.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%