The government of Jammu and Kashmir on Friday revealed that Jammu and Kashmir cement Limited (JKCL) is running in the loss with an outstanding liability of Rs 82.81 crores.
In a written reply to a question of BJP MLA Pawan Kumar Gupta, Minister Incharge Industries and Commerce said that the liabilities up to the period ending 2016 was to the extent of Rs 120 Crore.
He said that there was also technical breakdowns of a new plant at khrew thereby affecting the production of the plant.
He further informed that no employee has been given extension in JKCL during last four years.
The reply states that the liability of JKCL towards bank term loan and working capital loan till Dec 2017 stood at Rs 43.65 Cr.
As per the reply, the liabilities Suppliers and contractors of JKCL is Rs 15 cr while GST liability up to Nov 2017 is Rs 8.58.
The government reply states that the liability for JKCL towards PDD stands at 2.30 Cr while advances from Customers stands as Rs 39.12 Cr.