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CIL has no plans for bond issue despite soaring dues from power firms

The power sector accounts for close to 80 per cent of Coal India's total supplies

coal, coal mines, coal India
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Labourers load coal onto a supply truck on the outskirts of Jammu

Press Trust of India New Delhi
Coal India Ltd (CIL) has no plan to go for long term borrowing by issuing bonds even though its outstanding dues from the power sector have already crossed Rs 18,000 crore, an official said on Tuesday.
The dues are likely to be more than Rs 20,000 crore by end of June, he said.
The outstanding dues started to climb from the last fiscal as the power sector has been reeling under crisis and the Maharatna PSU continued to push coal after the government asked the miner to ramp up its production and dispatch, he said.
"Low realisation is a short-term issue. Coal India

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First Published: Jun 23 2020 | 8:58 PM IST

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