Government close to resolving some bad power loans: Piyush Goyal

Bad loans in the power sector continue to weigh on India's banks, and the government has been looking for ways to help ease the pain for companies struggling to service their debts.

June 12, 2017 / 12:08 IST

Kolkata: Union minister of state (independent charge) for Power, Coal and Renewable Energy, Piyush Goel addresses at a media conference during inauguration of "CII National Council meeting" in Kolkata on Tuesday. PTI Photo (PTI1_3_2017_000149B)

The government is close to resolving bad loans made in the power industry for companies that owe money and are not avoiding repayment on purpose, Power Minister Piyush Goyal told reporters on Monday.

Bad loans in the power sector continue to weigh on India's banks, and the government has been looking for ways to help ease the pain for companies struggling to service their debts.

Goyal, speaking to reporters in New Delhi, did not immediately elaborate on how it would resolve the bad loans.

first published: Jun 12, 2017 12:06 pm

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