Discoms of Uttar Pradesh, Maharashtra, Telangana, Andhra Pradesh, Karnataka, Delhi and Tamil Nadu owe the major portion of dues to the power generating companies.

ONGC will, however, not pay an interim dividend for now as it is left with almost no surplus after accounting for its capital expenditure, sources with knowledge of the development said. ONGC shares closed almost flat at Rs 148.65 on the Bombay Stock Exchange (BSE) today.

The government is planning to raise about Rs 10,000 crore through a follow-on offer of Bharat-22 ETF in February

State-owned Oil India Ltd will buy back 5.04 crore of its shares for a little over Rs 1,085 crore as part of the government's push to cash-rich PSUs.