Mumbai, Nov 19 (PTI) The Maharashtra government on Wednesday approved a guarantee for loans of Rs 5,252.28 crore to help the state-run power distribution company Mahavitaran clear pending dues of power generation and transmission utilities under the Centre's Late Payment Surcharge (LPS) Rules.

According to the Government Resolution (GR) issued on Wednesday, Mahavitaran will raise Rs 2,785.37 crore from HUDCO and Rs 2,766.90 crore from UCO Bank.

The GR states that this amounts to "Rs 5,252.28 crore (principal and interest combined)", which will be used to pay statutory monthly instalments for the 2025-26 financial year.

The GR notes that dues of power generators and transmission companies under the LPS rules stand at "Rs 17,252 crore".

Mahavitaran has been permitted to raise loans up to

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