New Delhi: The ₹90,000-crore liquidity package for discoms to help them pay their dues till the month of March would soon be enhanced to ₹1.2 lakh crore factoring in these utilities' outstanding till June, said a senior official. Finance Minister Nirmala Sitharaman in May announced a ₹90,000 crore liquidity infusion into cash-strapped discoms for payment of their dues till March 2020. While announcing the package, the government had said, "At present discoms have a total outstanding of ₹94,000 crore towards power generation firms (gencos)." The source further said now the respective boards of REC and PFC will approve the hike in liquidity package to around ₹1.2 lakh crore covering a period of dues till June this year, by the end of September. As much as ₹68,000 crore has been sanctioned and around ₹25,000 crore is disbursed to discoms under the package so far.

Source: Mint September 12, 2020 10:07 UTC