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SAIL, Nalco agree to settle Rs 1156 cr power dues issue out of court

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Reported by Chinmaya Dehury

Bhubaneswar, May 12:

Steel Authority of India Limited (SAIL) and National Aluminium Company (Nalco) today agreed to settle the issue of their combined outstanding dues of Rs 1156 crore to the Odisha government towards electricity charges out of court within the next two months.NALCO-logo

 

This was revealed by chief secretary Jugal Kishor Mohapatra after a review meeting of steel and aluminium projects in the state this morning.

Union Steel secretary G Mohan Kumar and Mines secretary Dr AK Pujari, secretaries of various concerned ministries of the state government and industry representatives attended the meeting, which discussed pending issues related to various ongoing projects in the state.

Nalco chairman cum managing director (CMD) Ansuman Das told OST that the meeting decided to form  a committee for expeditious disposal of pending issues including Nalco’s pending water dues amounting to Rs 300 crore. The committee will be mandated to resolve the issue within two months. he said.

It may be noted that the two public sector companies had gone to court against the claim on power charges made by the Odisha government. While Nalco has challenged the claim of Rs 1095 crores by way of power charges in the Supreme Court, SAIL unit Rourkela Steel Pplant (RSP) has contested the Rs 61.25 crore power bill slapped on it in the Odisha High Court.

 

The chief secretary said the proposed committee would also take up other pending issues like environment and forest clearance for mining projects so as to ensure that steel projects in the state do not suffer due to lack of iron ore linkage.