Balakrishna Has To Pay A Bill Of 39 Cr

Natasimha Balakrishna who won from Hindupur constituency to become MLA for the second time is currently busy romancing Sonal Chauhan and Vedhika in his upcoming mass entertainer Ruler directed by KS Ravikumar is releasing on Dec 20.

Apart from this film, Balakrishna is also teaming with Boyapati Srinu and is eyeing a hattrick blockbuster as the duo’s earlier films Simhaa and Legend turned out to be hits.

In the meantime, inside talk is Balakrishna landed in an unforeseen controversy. Bharat Alloys Energy Ltd situated in Kurnool, owned by Balakrishna and his relatives owe the government a whopping Rs 39crs power bill.

What comes as a surprise is the company was earlier named AP Carbides and was the first foray of the current CM YS Jagan Mohan Reddy's family into the industry some 45 years back.

During that time Jagan's father former CM YS Rajasekhar Reddy was the major stakeholder of AP Carbides. It was YSR's prestigious family project at that time when they were small-time contractors and traders.

When NTR became CM In 1983, he slapped demanded notice for Rs 5lakhs on AP Carbides targeting the factory and during that time YSR had a tough time defending the non-payment of electricity charges.

It has to be seen how Balakrishna will support the non-payment of electricity charges by Bharat Alloys Energy Ltd.