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Shares of JSW Energy Ltd ended at ₹562.00, down by ₹0.65, or 0.12%, on the BSE.
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JSW Energy Ltd on Tuesday (May 5) said the Supreme Court has directed Maharashtra State Electricity Distribution Company Ltd (MSEDCL) to make an interim payment of ₹250 crore to the company in an ongoing tariff dispute related to its Ratnagiri unit.
The dispute stems from an appeal filed by MSEDCL before the Appellate Tribunal for Electricity (APTEL) against a December 24, 2025, order passed by the Maharashtra Electricity Regulatory Commission (MERC).
In its earlier order, MERC had rejected MSEDCL’s contention on the applicability of the Centre’s direction under Section 11 of the Electricity Act, 2003, to JSW Energy’s Ratnagiri unit.
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The commission had also directed MSEDCL to pay the tariff in line with the power purchase agreement dated February 23, 2010, along with the applicable late payment surcharge.
JSW Energy said MSEDCL later moved the Supreme Court through a civil appeal challenging an interim order passed by the Appellate Tribunal for Electricity, which had rejected its plea to stay the MERC order.
The Supreme Court, in its order dated April 30, 2026 and uploaded on its website on May 5, 2026, disposed of the civil appeal. As part of the order, the court directed MSEDCL to make an interim part payment of ₹250 crore to JSW Energy and requested APTEL to re-hear the interim application filed by MSEDCL.
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Shares of JSW Energy Ltd ended at ₹562.00, down by ₹0.65, or 0.12%, on the BSE.
(Edited by : Jomy Jos Pullokaran)
