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Hans India
a day ago
- Business
- Hans India
BSES YAMUNA POWER AND BSES RAJDHANI POWER, SUBSIDIRIES OF RELIANCE INFRASTRUCTURE LIMITED, TO RECOVER ~ RS. 21,413 CRORE OF REGULATORY ASSETS OVER 4 YEARS
Hon'ble Supreme Court on 06.08.2025 has pronounced the judgement and disposed of the Writ Petitions and Civil Appeals filed by BSES Discoms, that is, BSES Yamuna Power Limited and BSES Rajdhani Power Limited, Material Subsidiaries of the Company, in 2014 where clear guidelines are given for recovery of Regulatory Assets. This judgement is passed in a writ petition and Civil appeals filed by BSES Discoms in 2014 before the Hon'ble Supreme Court inter-alia raising issue of non-cost reflective tariff, unlawful creation of Regulatory Asset and non-liquidation of Regulatory Asset. The Writ Petitions along with connected matters were heard at length by the Hon'ble Supreme Court and after hearing all the parties including all the State Govts. and State Electricity Regulatory Commissions that were impleaded in terms of Order dated 23.10.2024, the Hon'ble Supreme Court on 20.02.2025 reserved its judgement on the issue relating to creation and continuation of the Regulatory Asset by Electricity Regulatory Commissions. Hon'ble Supreme Court on 06.08.2025 has pronounced the judgement and disposed of the Writ Petitions and Civil Appeals filed by BSES Discoms, by: - (a) setting out ten sutras, to examine the issue relating to Regulatory Asset, its position in the regulatory regime for determination of tariff, the duties and accountability of the regulators - the Electricity Regulatory Commissions ('ERCs') and powers of Appellate Tribunal for Electricity ('APTEL') to avert regulatory failure. (b) issuing nine (9) clear directions to ERCs and APTEL in respect of cost-reflective tariff determination, creation and amortization of Regulatory Asset, and regulatory oversight by APTEL to monitor implementation of directions by ERCs., i.e. (i) As a first principle, tariff shall be cost-reflective; (ii) Revenue gap between the approved Aggregate Revenue Requirement ('ARR') and the estimated annual revenue from approved tariff may be in exceptional circumstances;
Business Upturn
a day ago
- Business
- Business Upturn
Reliance Infrastructure's JV BSES to recover Rs 28,483 crore regulatory assets by March 2028
Reliance Infrastructure Limited announced that its 51:49 joint venture with the Government of Delhi, BSES, is set to recover recognised regulatory assets worth Rs 28,483 crore by March 31, 2028, following a recent Supreme Court judgment. The recovery will be completed over a four-year period starting April 1, 2024. The apex court, in its order dated August 6, 2025, disposed of writ petitions and civil appeals filed by BSES Yamuna Power Limited and BSES Rajdhani Power Limited, subsidiaries of Reliance Infrastructure, originally lodged in 2014. These petitions had challenged non–cost reflective tariffs, unlawful creation of regulatory assets, and delays in liquidation. In its judgment, the Supreme Court issued ten guiding principles and nine specific directives to Electricity Regulatory Commissions (ERCs) and the Appellate Tribunal for Electricity (APTEL). These include ensuring tariffs remain cost-reflective, limiting regulatory assets to a reasonable percentage (guided by Rule 23 of the Electricity Rules, 2005), and mandating their liquidation within stipulated timelines. The court further directed APTEL to actively monitor implementation until the recovery is complete. The Delhi Electricity Regulatory Commission (DERC)–approved recovery plan will see full liquidation of the regulatory assets by March 31, 2028. Reliance Infrastructure remains a major player in power distribution and infrastructure development, with projects spanning metro rail, roads, and defence sectors. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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Business Standard
2 days ago
- Business
- Business Standard
Reliance Infra subsidiaries to recover ₹21,413 cr assets in 4 years
BSES Yamuna Power and BSES Rajdhani Power, material subsidiaries of Anil Ambani-promoted Reliance Infrastructure (R-Infra), will recover regulatory assets worth Rs 21,413 crore over four years, R-Infra said in a statement on Friday. The Delhi Electricity Regulatory Commission (DERC) has recognised the regulatory assets, while the Supreme Court, on 6 August, delivered its judgment on writ petitions and civil appeals filed by the two discoms in 2014. The petitions had challenged a non-cost-reflective tariff, the unlawful creation of regulatory assets, and the non-liquidation of such assets, R-Infra noted. Following hearings involving state governments and state electricity regulatory commissions (ERCs), the apex court issued guidelines for handling regulatory assets and directed their recovery. The court disposed of the writ petitions and civil appeals filed by the BSES discoms, setting out 10 'sutras' (guidelines) to examine issues relating to regulatory assets, their role in the regulatory regime for tariff determination, the duties and accountability of ERCs, and the powers of the Appellate Tribunal for Electricity (APTEL) to avert regulatory failure. It also issued nine directions to ERCs and APTEL covering cost-reflective tariff determination, the creation and amortisation of regulatory assets, and regulatory oversight by APTEL to monitor the implementation of ERC directions. R-Infra holds a 51 per cent stake in both BSES Yamuna Power and BSES Rajdhani Power, with the remaining 49 per cent owned by the government of the National Capital Territory of Delhi. Separately, R-Infra posted a consolidated profit (attributable to owners of the parent) of Rs 59.84 crore for the first quarter of FY26, compared to a loss of Rs 233.74 crore in Q1 FY25. Revenue from operations stood at Rs 5,907.82 crore, down 17.86 per cent year-on-year (YoY), while expenses declined 4.84 per cent YoY to Rs 6,469.81 crore.
Time of India
2 days ago
- Business
- Time of India
Reliance Infrastructure shares jump 8% from day's low. Here's why
Shares of Reliance Infrastructure surged nearly 8% from the day's low of Rs 269 to a high of Rs 290.70 on the BSE after its subsidiaries, BSES Yamuna Power and BSES Rajdhani Power , announced plans to recover about Rs 21,413 crore in regulatory assets over four years. According to an exchange filing by the company, the Supreme Court has pronounced the judgment in connection with a Writ Petition and Civil Appeals filed by BSES Discoms, BSES Yamuna Power Limited and BSES Rajdhani Power Limited, material subsidiaries of Reliance Infra, in 2014. The discoms had approached SC, raising the issue of non-cost reflective tariff, unlawful creation of Regulatory Asset and non-liquidation of Regulatory Asset. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Also Read | Over 50 mutual fund SIPs give negative returns in 1 year. Should you pause, redeem, or continue? The apex court has set out ten sutras to examine the issue relating to Regulatory Asset, its position in the regulatory regime for determination of tariff, the duties and accountability of the regulators - the Electricity Regulatory Commission (ERC) and the powers of the Appellate Tribunal for Electricity to avert regulatory failure. The SC has issued nine directions to ERCs and APTEL in respect of cost-reflective tariff determination, creation and amortisation of Regulatory Asset, and regulatory oversight by APTEL to monitor implementation of directions by ERCs, i.e as a first principle, tariff shall be cost-reflective The revenue gap between the approved Aggregate Revenue Requirement and the estimated annual revenue from the approved tariff may occur in exceptional circumstances. Live Events The court further said that the regulatory asset should not exceed a reasonable percentage, which percentage can be arrived based on Rule 23 of the Electricity Rules, 2005 that prescribes 3% of the ARR as the guiding principle and if a Regulatory Asset is created, it must be liquidated within three years, taking Rule 23 as the guiding principle. The next direction is that the existing Regulatory Asset must be liquidated in a maximum of four years starting from 01.04.2024, taking Rule 23 as the guiding principle. The ERCs must provide the trajectory and roadmap for liquidation of the existing regulatory asset, which will include a provision for dealing with carrying costs, and the ERCs must also undertake a strict and intensive audit of the circumstances in which the discoms have continued without recovery of the Regulatory Asset, the court said. Also Read | Multi asset mutual funds beat other hybrid funds in 1 & 3 years. Should they be in your portfolio? ERCs shall, in general, follow the principles governing creation, continuation and liquidation of the regulatory asset, as laid down in paragraph 70 of the Judgment, and also abide by the directions of the APTEL summarised in paragraph 69.8 of the Judgment, the filing said. It mentioned that APTEL shall invoke its powers under Section 121 and issue such orders, instructions or directions as it may deem fit to the ERCs for performance of their duties concerning Regulatory Asset as enunciated in this judgment and lastly, APTEL shall register a suo moto petition under Section 121 of the Electricity Act to monitor implementation of above directions till the conclusion of the period mentioned therein. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ETMarkets WhatsApp channel )
Business Upturn
2 days ago
- Business
- Business Upturn
Reliance Infrastructure subsidiaries to recover Rs 21,413 crore regulatory assets over four years as per Supreme Court ruling
By Aditya Bhagchandani Published on August 8, 2025, 10:27 IST Reliance Infrastructure Limited announced that its material subsidiaries, BSES Yamuna Power Limited and BSES Rajdhani Power Limited, have secured the right to recover approximately Rs 21,413 crore worth of regulatory assets over the next four years. This follows a Supreme Court judgement pronounced on August 6, 2025, which set clear guidelines for the recovery process. The judgement, stemming from writ petitions and civil appeals filed in 2014, addressed issues including non-cost reflective tariffs, unlawful creation of regulatory assets, and delays in liquidation. The Court outlined ten principles for regulatory asset management and issued nine directives to Electricity Regulatory Commissions (ERCs) and the Appellate Tribunal for Electricity (APTEL). Among the key directives, the Court mandated that regulatory assets should not exceed a reasonable percentage of the Aggregate Revenue Requirement (ARR) and must be liquidated within three years if newly created, and within four years for existing assets starting April 1, 2024. ERCs are required to provide a clear liquidation roadmap and conduct strict audits, while APTEL will oversee compliance. Reliance Infrastructure, a major player in power distribution and infrastructure development, said the DERC-approved regulatory assets for its subsidiaries will now be liquidated within the stipulated timeline. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
