Telangana seeks Rs 2,406 cr power dues from AP

Image
Press Trust of India Hyderabad
Last Updated : Mar 08 2019 | 8:00 PM IST

: Telangana power utilities Friday claimed that they should receive Rs 2,406 crore from their Andhra Pradesh counterparts towards power supply dues.

Addressing a press conference here, TS Transco and Genco CMD D Prabhakar Rao alleged that AP utilities unilaterally took a decision to file a case in the National Company Law Tribunal, stating that Telangana owes them about Rs 5,000 crore.

"There may be a miscommunication among officials. I strongly believe that they will not make such allegations ( due of Rs 5,000 crore from Telangana ).

But as per our calculation, they owe us Rs 2,406 crore," he said.

Prabhakar said Telangana power companies were willing settle the issue amicably if Andhra Pradesh comes forward.

He further alleged that the AP power utilities had never responded to the Telangana's requests to settle the disputes.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

More From This Section

First Published: Mar 08 2019 | 8:00 PM IST

Next Story