Bengaluru, July 17 -- A large-cap energy company is in focus after its subsidiary received an adverse Supreme Court ruling in a power supply dispute with the Himachal Pradesh government, impacting its future revenue from key hydroelectric projects.
With the market capitalization of Rs. 92,020 crores, the shares of JSW Energy Ltd were trading at Rs. 526, down by 1 percent from its previous day's close price of Rs. 531.75 per equity share.
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In a lawsuit against the Himachal Pradesh government over the provision of free electricity, the Supreme Court has decided against JSW Hydro Energy, a subsidiary of JSW Energy ltd. The problem started when the state asked the JSW Hydro to supply 18 percent of its electricity for free be...
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