Rajasthan Discoms to pay tarrif to adani power

Adani Power to induce Rs 4200 crore antagonistic tariff from three Rajasthan discoms, rules Supreme Court; shares rally twelve percent.
The Supreme Court dominated in favor of Adani Power on weekday oral communication 3 Rajasthan discoms were in contempt of the highest court’s 2020 order leading to payment of antagonistic tariff to the Adani cluster company.

The discoms had not paid the dues despite their review petition having been unemployed earlier this year, the court aforementioned. The court has directed discoms to pay Adani Power Rs 4200 crore antagonistic tariff at intervals four weeks.
The power company had moved a contempt plea within the Supreme Court seeking recovery of the antagonistic tariff of Rs 6738 crore from the discoms. The discoms have to this point paid Rs 2426 crore.


adani power

Adani Power alleged that the Rajasthan discoms had did not adjust to the apex court’s judgment leading to an antagonistic tariff for the ability provided by the corporate from 2013.
Earlier in 2020, the highest court had upheld the order of the proceeding judicature for Electricity (APTEL) that allowed an antagonistic tariff to Adani Power’s 1200MW Kawai plant. The Adani cluster firm has cited a lack of domestic coal linkage, import of Indonesian Coal to bat for higher antagonistic tariff.


Adani Power shares rallied following the judicial writ. At 11:25 am, the stock was up to eleven.93 % at Rs 124.30 on the Bombay securities market (BSE).