Selling is defined as the act of giving something in exchange for money. For a business to exist, this transaction must also take place within an acceptable timeline.
India’s power sector, on the other hand, has a different story to tell. Entities all across the chain are selling without receiving payment on time. And it appears in the amount of unpaid bills.
Despite the fact that power generation companies owe Coal India nearly Rs 12,300 crore, the country’s largest coal supplier continues to sell coal to its customers.
Power generators, in turn, owe power distribution firms (discoms) around Rs 1.1 lakh crore, but they continue to sell electricity to them.
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