Vedanta Limited on Thursday informed stock exchanges that the Talwandi Sabo Power Limited (TSPL) has been directed to pay about ₹127 crore, along with applicable late payment surcharge, following an adverse order by the Supreme Court of India.
In a regulatory filing under Regulation 30 of the SEBI Listing Regulations, Vedanta said it had received a disclosure from TSPL regarding a judgment dated May 20, 2026, passed in appeals filed by Punjab State Power Corporation Limited and the Punjab State Load Despatch Centre.
The apex court set aside a March 18, 2025, ruling of the Appellate Tribunal for Electricity (APTEL) and restored the order of the Punjab State Electricity Regulatory Commission (PSERC). By doing so, the court upheld the penalty imposed on TSPL for misdeclaration of availability in January 2017 under the Grid Code, as well as the late payment surcharge.
According to the disclosure, the financial impact on TSPL is estimated at approximately ₹127 crore, excluding the surcharge component payable to PSPCL.
The development comes at a time when TSPL’s equity shares, issued pursuant to the demerger of Vedanta’s merchant power undertaking, are in the process of being listed on the BSE and NSE. Vedanta said the disclosure has been made on TSPL’s behalf in view of the ongoing listing process.
