In a setback to Tata Power, the Supreme Court on Wednesday dismissed the company's challenges to the Maharashtra Electricity Regulatory Commission's (MERC's) decision to award a ₹7,000-crore transmission project near Mumbai on a nomination basis to Adani Electricity.
The court upheld the order by the Appellate Tribunal for Electricity (APTEL) in this case and directed all State Electricity Regulatory Commissions to frame guidelines on tariff determination in accordance with Section 61 of the Electricity Act and the national policy.
This story is from the November 24, 2022 edition of Business Standard.
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This story is from the November 24, 2022 edition of Business Standard.
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