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HPCL pays Rs 1.47 crore part dues to MMC

The Mormugao Municipal Council received a major financial boost as Hindustan Petroleum Corporation Limited (HPCL) paid Rs 1.47 crore as part of its outstanding dues for the premises leased out by the council.

19th May 2017, 07:55 Hrs

the goan I network

While the HPCL has paid a portion of its dues, the IOC is yet to pay its dues to the council.   
MMC Chief officer Deepali Naik said the outstanding amount from both oil companies is around Rs 24 crore as lease rent since 2008.   
“Despite serving the notice, IOC has failed to pay its dues. We will give them some grace period to make the payment,” Naik told The Goan.   
“We have also written to the Directorate of Municipal Administration (DMA) to convene a meeting with the stakeholders and if necessary, to wave off the interest penalty.”   
“If the talks fail, we will be left with no option but to seal the premises,” Naik added.   
“The amount paid by HPCL has helped us to pay staff salaries. The dues of both oil companies are huge and if they pay them on time, our financial problems will be solved,” said the chief officer.   
MMC Chairperson Deepak Naik said the council wants an amicable solution and did not wish to go into arbitration. “We urge IOC and HPCL to pay their dues without any problems to avoid confrontation,” he said.