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Expressing concerns over the large amount of dues that need to be recovered by all coal PSUs, including CIL’s ₹11,032 crore, a Parliamentary Panel has asked the government as well as the state-owned firms in the sector to take steps for the recovery.
According to the government, a slew of steps are being taken for regular follow up to realise outstanding dues with concerned ministries.
The steps include review of party-wise outstandings by general manager/CMDS and Chairman, Coal India (CIL) with the Chairman of defaulting power houses which are then taken upto the level of Chief Secretary of concerned States, it said.
The Committee also noted that in Neyveli Lignite Corporation (NLC), put in place a special scheme called Graded Rebate Scheme to encourage early realisation.
The Committee said it hoped that these initiatives would result in tangible recoveries of these outstanding dues and further emphasised that the government and the PSUs should take adequate steps for the recovery of the dues to prevent negative influence on the financial statements of the Coal companies.
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