Tata Power Company Ltd updates on APTEL order

The Appellate Tribunal for Electricity (APTEL) has delivered the Judgement in Appeal no.331 of 2014 along with other connected appeals today.

We are studying the order, particularly in line with APTEL's direction for the need of uniformity in the treatment of Regulatory Assets (RA) by the two power distribution utilities. We understand that APTEL has accepted Tata Power's methodology wherein RA is part of energy charges, and invalidated charging of RA as separate item in the other utility's invoicing.

Earlier, BEST had filed an appeal in APTEL against the order of Maharashtra Electricity Regulatory Commission issuing Transmission License and Distribution License to the Company for the next 25 years with effect from August 16, 2014. This appeal was dismissed by APTEL.

Shares of TATA POWER CO.LTD. was last trading in BSE at Rs.92.45 as compared to the previous close of Rs. 90.65. The total number of shares traded during the day was 395315 in over 3689 trades.

The stock hit an intraday high of Rs. 92.9 and intraday low of 90.5. The net turnover during the day was Rs. 36185440.

Source : Equity Bulls

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