SRINAGAR: The Jammu and Kashmir government on Thursday informed the Assembly that Jammu Kashmir Minerals Limited is facing acute financial stress with total pending liabilities amounting to Rs 194.65 crore, including over Rs 71 crore in outstanding Coal Mines Provident Fund (CMPF) dues.
Replying to a Question tabled by MLA Randhir Singh, the Mining Department said the corporation has substantial statutory and operational liabilities, impacting its ability to clear dues of retired and serving mine workers.
The department stated that the outstanding CMPF liability as of October 2025 stands at Rs 71.34 crore, which includes Rs 15 crore in damage charges and interest imposed by the Coal Mines Provident Fund Organisation. It confirmed that the CMPF dues have crossed Rs 50 crore.
Other liabilities include Rs 47.81 crore in royalty payable up to December 31, 2023, Rs 19 crore in pending 6th and 7th Pay Commission arrears, Rs 4.50 crore in gratuity and leave encashment payable, and Rs 52 crore in pending electricity charges related to the Kalakote thermal power project.
The government said that cumulatively, these liabilities amount to Rs 194.65 crore.
However, it added that the corporation also has pending receivables amounting to Rs 182.11 crore from various departments and entities. These include Rs 179 crore from the Power Development Department on account of transfer of thermal power projects, including interest, Rs 1.10 crore from J&K Cement Limited, and Rs 2.01 crore from the Directorate of Industries, Kashmir.
On whether the government proposes to provide a special financial package or one-time grant to enable settlement of CMPF dues and provide immediate relief to affected mine workers, the department said no such proposal is presently under consideration.
It, however, noted that JK Minerals Limited is in the process of submitting a viable proposal to the government for financial assistance or for consideration of release of pending receivables from various departments to address its long-standing liabilities.
The government said the corporation is facing financial constraints in liquidating its old dues and is exploring options for support to stabilise its operations and meet statutory obligations.
