Petronet LNG is yet to recover Rs 1,265 crore of ‘use or pay’ charges from its customers, and is trying to find some ‘amicable solution’, its managing director has said.
“The company has booked income towards “use or pay charges” of Rs 848.92 crores and Rs 415.91 crores in the financial year 2022-23 (for calendar year 2022) and financial year 2021-22 (for calendar year 2021) respectively on account of lower capacity utilization by its customers. The balance confirmation/ payment against the same is yet to be received,” the auditors flagged in the earnings statement.