Private thermal power cos get Rs 40,000 cr liquidity boost: Report

Private sector thermal power plants are in for better times with a likely Rs 40,000-crore liquidity boost coming in from government initiatives along with Coal India decision to offer longer term credit to them, says a report.

While the government has decided to liquidate the overdue receivables from state discoms under a rescue package, national miner Coal India has decided to allow private thermal power plants to get coal on 90-180 days credit.

These two measures can help them with a liquidity support of Rs 40,000 crore, improving their overall credit profiles, Crisil said in a report on Tuesday.