Adani Power APTEL Appeal Allowed, MERC Order Set Aside

Litigation Update Details

This disclosure serves as an update to the company's previous disclosure dated August 19, 2023 regarding pending material litigations. Specifically, it updates the litigation mentioned at Serial Number 2 of that previous disclosure.

The appeal filed by Adani Power Limited before the Appellate Tribunal for Electricity (APTEL) has been allowed. The APTEL has set aside the order of the Maharashtra Electricity Regulatory Commission (MERC).

APTEL Directions

APTEL has directed MERC to issue consequential orders strictly in line with APTEL's earlier judgment. The tribunal specifically instructed MERC to compute Change in Law compensation based on the operational parameters prescribed in APTEL's earlier judgment.

Financial Impact

The disclosure does not quantify the specific financial impact of this legal development. The compensation amount that may result from MERC's recalculation based on APTEL's directions is not specified in this filing.