JSW Energy Subsidiaries Challenge Himachal Land Levy

JSW Energy discloses material litigation filed by its step-down subsidiaries against the State of Himachal Pradesh.
Subsidiaries challenge constitutional validity of Himachal Pradesh Land Revenue (Amendment) Act, 2025 and related rules.
The new legislation levies land revenue as a percentage of hydroelectric projects' 'Average Market Value'.
Company has been advised the levy is constitutionally infirm as a charge on electricity generation infrastructure.