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Power ministry asks gencos, transcos to cap late payment surcharge at 12 p
Updated : 5 years, 9 months ago IST
New Delhi [India], Aug 22 (ANI): In order to alleviate the financial stress of the power system, the Ministry of Power has advised all generating and transmission companies to charge late payment surcharge (LPS) at a rate not exceeding 12 per cent per annum (simple interest) for all payments
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Govt asks gencos, telcos to cap late payment surcharge at 12 pc
Updated : 5 years, 9 months ago IST
New Delhi [India], Aug 22 (ANI): The government has asked power generating and transmission companies to cap late payment surcharge at 12 per cent per annum for all dues cleared under the Rs 90,000 crore liquidity infusion scheme of Power Finance Corporation (PFC) and Rural Electrification C
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