DEE Development Engineers Limited has informed the Exchange regarding a press release dated September 24, 2025, titled "Regulatory Update on Tariff Revision Abohar Plant 8 MW".
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DEE Development Engineers has obtained a stay order from the Punjab & Haryana High Court (dated 23 September 2025) on the Punjab State Electricity Regulatory Commission's (PSERC) review order of 20 August 2025 regarding tariff revision for its 8 MW Abohar biomass power plant. With the stay in place, the company will continue to supply electricity to PSPCL at the earlier tariff of ₹7.47 per unit, and any retrospective recovery claimed by PSPCL will remain on hold until the final court ruling. For context, the PSERC had first revised the tariff down to ₹5.26/unit in May 2025 (which would have meant a ₹16.74 crore retrospective recovery by PSPCL), then marginally raised it to ₹5.672/unit in August 2025 (₹13.62 crore differential). The company's appeal challenged this downward revision, and the stay restores the status quo pending final adjudication.
Positive for shareholders — the stay protects near-term cash flows from the Abohar plant by keeping the tariff at ₹7.47/unit and shielding the company from any retrospective demand of up to ₹13.62 crore from PSPCL until the High Court delivers its final verdict.