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Business News/ Industry / Energy/  Delhi HC agrees to hear NTPC power pricing appeal
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Delhi HC agrees to hear NTPC power pricing appeal

The power regulator had last month said that it would tighten incentive structures on capacity utilisation and tax treatments for NTPC

The Dekhi high court will hear the company’s petition at the next hearing on 19 May, says NTPC. Photo: Ramesh Pathania/MintPremium
The Dekhi high court will hear the company’s petition at the next hearing on 19 May, says NTPC. Photo: Ramesh Pathania/Mint

New Delhi: Delhi’s high court agreed on Wednesday to hear a petition by India’s state-run power producer NTPC Ltd challenging a recent regulatory ruling on electricity pricing, the company said.

The Central Electricity Regulatory Commission said last month that it would tighten incentive structures on capacity utilisation and tax treatments for NTPC, sending shares in India’s top power producer down sharply to a five-year low.

Analysts predict that the new pricing structure will likely hit NTPC’s earnings.

The High Court will hear the company’s petition at the next hearing on 19 May, NTPC said.

Shares in NTPC were up 0.2% at Rs118.1 per share by 1330 IST, outperforming a flat S&P Sensex, the 30-share benchmark index. REUTERS

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Published: 19 Mar 2014, 02:07 PM IST
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