Vedanta Subsidiary TSPL Faces ₹127 Crore Supreme Court Penalty

Vedanta Ltd discloses a Supreme Court judgment against subsidiary Talwandi Sabo Power Ltd (TSPL) for a Grid Code violation.
The court upheld a penalty of approximately ₹127 crore plus late payment surcharge payable to Punjab State Power Corp.
The judgment reverses an earlier tribunal decision and restores the order of the Punjab State Electricity Regulatory Commission.
Disclosure is made as TSPL's shares, received by Vedanta shareholders via demerger, are in the process of being listed.