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Tamil Nadu power utility cannot afford to default, says REC

HD Khunteta from Rural Electrification Corpration (REC), in an interview on CNBC-TV18, said that Tamil Nadu board's outstanding amount stands around Rs 8000 crore and it is a part of the government department. Hence, he feels that the state power utility cannot afford to default.

June 20, 2011 / 15:31 IST
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The market has not been happy upon fears of what is exposure to the Tamil Nadu electricity board might pan out as. HD Khunteta from Rural Electrification Corpration (REC), in an interview on CNBC-TV18, said that Tamil Nadu board

first published: Jun 20, 2011 12:50 pm

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