Loan & Debt3 Aug 2026, 07:40 pm
Eurotex Industries Faces ₹140 Cr Electricity Bill Demand
AI Summary
Eurotex Industries and Exports Ltd has received a notice from MSEDCL demanding payment of ₹140,45,14,608.55 for electricity charges. This includes outstanding amounts from two permanently disconnected electricity connections (₹18,79,16,550.93 and ₹35,49,30,314.53) which have been transferred to the company's active connection (Consumer No. 251019402668). The company's complaint to the Consumer Grievance Redressal Forum regarding this matter was rejected. Failure to pay within 15 days may result in disconnection of the current electricity supply. The company is reviewing further action after its appeal to the Supreme Court was dismissed.
Key Highlights
- Eurotex Industries faces a demand of ₹140.45 Cr for electricity dues.
- Outstanding amounts from disconnected accounts were transferred to the active one.
- Company's complaint to Consumer Grievance Redressal Forum was rejected.
- Supreme Court appeal dismissed; further action under review.
- Risk of electricity disconnection if payment is not made within 15 days.
Price Impact
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