The cash flow problem arising out of the outstanding dues from state-owned power generation companies poses a challenge to Coal India Ltd as its management is deliberating on an interim dividend, company sources said on Sunday. Top officials of the coal behemoth will meet on Monday before the November 11 board meeting to consider how much payout the company can afford as the interim dividend, they said.
“The outstanding dues from the power sector remain at about Rs 23,000 crore and this is leading to a problem of cash flow which is a major challenge for us to announce high interim dividend in order to help the government during the COVID-19 pandemic,” sources close to the development told PTI.
