Lucknow: Sugar mills in Uttar Pradesh are in under pressure to clear the cane arrears. Therefore, private mills have requested the state government to settle the power dues around Rs 1,000 crore so that they can pay the pending arrears.
Some private sugar mills in the state sell cogenerated electricity to UP Power Corporation Limited (UPPCL) at fixed tariffs during the crushing season.
Sugarcane arrears in Uttar Pradesh are getting cleared at a snail pace; therefore CM Yogi Adityanath had served October 31 deadline to all mills for clearing the cane arrears. It seems that the millers will defy the target date and also they will not be able to pay cane dues before the commencement of the crushing season.
According to the reports, out of 119 mills in the state, 53 have cleared the all cane dues, and 33 others have paid over 80 per cent arrears.
To Listen to this News click on the play button.