Petronet LNG is yet to recover Rs 1,265 crore of \u2018use or pay\u2019 charges from its customers, and is trying to find some \u2018amicable solution\u2019, its managing director has said.<\/p>\n
\u201cThe 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,\u201d the auditors flagged in the earnings statement.<\/p>\n","protected":false},"excerpt":{"rendered":"
Petronet LNG is yet to recover Rs 1,265 crore of \u2018use or pay\u2019 charges from its customers, and is trying to find some \u2018amicable solution\u2019, its managing director has said. \u201cThe 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,\u201d the auditors flagged in the earnings statement.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-594812","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/594812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=594812"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/594812\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=594812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=594812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=594812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}