Outstanding dues of discoms to generating companies fall by 3.4 per cent in March

The total dues owed by discoms to the power generation companies have fallen by 3.4 per cent to Rs 783.79 billion in March 2021 as compared to Rs 811.16 billion March 2020.

The total overdue amount in March 2021 stood at Rs 674.17 billion which was not cleared even after 45 days of grace period offered by the generating companies. The total overdue amount stood at Rs 685.87 billion in March 2020. The outstanding dues of discoms to the generating companies had been increasing both on a year-on-year and month-on-month basis for many years implying stress in the power sector. However, during March 2021 it declined from Rs 986.73 billion in February, 2021.