Power plant chimneys stand at the Vedanta Ltd. aluminium smelter in Jharsuguda district, Odisha. Photographer: Dhiraj Singh/Bloomberg

Will Letters Of Credit By Discoms Help Curb Payment Delays Of Power Producers?

India asked power distributors to offer letters of credit as a security against delays in payments to generation companies. But analysts are divided if that would help curb mounting unpaid dues.Dis...

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