The majority of its dues are from state and central government-owned generation companies, under FSAs. CIL said the agreement provides for levy of interest on delayed payment, which it does claim.
Source: Report of standing committee on coal & steel, 2020
State power utilities are also struggling to pay central and private power generating companies. The dues of state-owned power distribution companies (discoms) towards central and private generation companies was Rs 85,407 crore at end-December 2019. an increase of 56 per cent from January 2019. States also owe another Rs 9,000 crore to renewable power producers.
The state discoms’ cumulative loss was Rs 18,316 crore as on December.
Commenting on the rising dues, the standing committee recommended coal companies take strict steps for recovering these. “The committee desire the matter be taken up more vigorously and, if warranted, imposition of a late payment surcharge be considered,” it had said.