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Reliance Infra's Mumbai power biz transfer only after recovery

Press Trust of India  |  Nagpur 

The transfer of the Reliance Infra's integrated power business in to new owner will be allowed after the company pays pending dues worth Rs 2430 crore, Energy announced in the today.

"The transfer of Reliance Infrastructure (its integrated power business in Mumbai) to the new owner will be done only after the company pays Rs 2430 crore to the government. This is one of the conditions of the transfer," the said while replying to a debate on the issue.

The monsoon session of the is currently underway in Nagpur, the second capital of

Bawankule also announced the extension of the term of the judicial probe into the death of by three months.

Patil (84), a hailing from district, had consumed poison at the Mantralaya (the secretariat) in in February this year demanding better compensation for his land that was acquired for a project. He died in hospital a few days later.

Reliance Infrastructure had announced the Regulatory Commission's (MERC's) approval to sale the 100 per cent stake in its integrated power business to (ATL) for an estimated value of Rs 18,800 crore.

The issue was raised in the House during a debate on the supplementary demands worth Rs 11,445 crore raised by the BJP-led

The supplementary demands were tabled in the Assembly last week. The discussion on them began today.

The Opposition parties had targetted the state government over the supplementary demands, accusing it of financial mess up by incurring huge debt.

During a debate, NCP's Chhagan Bhujbal said that Reliance Energy (read RInfra) owed the government Rs 2,000 crore in taxes since the last two years.

"Reliance Energy which supplies to Mumbai suburbs owes the state Rs 2000 crore. How is the government going to recover these dues? The government should take a stand that unless the company pays the amount, it will not be allowed to be sold," Bhujbal demanded.

Another questionned the "rise" in the state debt to Rs 5 lakh crore from Rs 2.7 lakh crore in 2014 when the BJP government came to power.

Questionning the financial wisdom, Pawar said the has made a provision of Rs 250 crore for the bullet train project which he said is being opposed by 155 of total 288 MLAs.

He dubbed the opposition of the Shiv Sena, a ruling constituent, to the project as a farce and drama.

"If the Sena is really against the project, the party should vote against these (supplementary) demands," Pawar said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, July 09 2018. 18:10 IST
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