2.05 (0.61%) NTPC has decided to extend the deadline for defaulting discoms for making payment of outstanding dues till March 17, 2020, post which electricity supplies will be snapped. NTPC has given this breather to the defaulting discoms in view of Holi festival on March 10 after some discoms assured that they will clear the dues.
Due to mounting outstanding dues of around Rs 10,950 crore, NTPC has issued (power cut) regulation notices to various beneficiaries to be made effective March 10, 2020. Subsequently, based on request of beneficiaries and due to festival of Holi on March 10, NTPC has extended the date of Regulation.
NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.