Mahagenco in financial trouble as dues from MSEDCL cross Rs10,000 cr

Nagpur | Friday | 21st September, 2018

Summary:

Due to Rs 10,000 crore dues, the company had been forced to borrow working capital to pay for coal and other dues. Mahagenco has total installed capacity of 13,427 MW and is the largest supplier of power to MSEDCL. Nagpur: State discom MSEDCL, which is unable to recover Rs 40,000 crore from consumers, is not able to pay the generation companies. Its dues towards its sister concern Mahagenco have crossed Rs 10,000 crore. Of the Rs 40,000 crore some Rs 24,000 crore are owed by farmers..