DEE Development Engineers Limited has informed the Exchange about Intimation of Final Order by Punjab State Electricity Regulatory Commission (PSERC) for Tariff Re-determination of 8 MW Biomass Power Project
DEEDEV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
DEE Development Engineers has received a final order from the Punjab State Electricity Regulatory Commission (PSERC) dated August 20, 2025, re-determining the tariff for its 8 MW biomass power plant in Fazilka, Punjab, after the initial 13-year PPA period with PSPCL expired. The revised tariff is significantly lower than the previous rate, dropping from ₹7.47 per KWH to ₹5.48–₹6.04 per KWH for the period from January 2024 to February 2029, with variable cost to be escalated 5% annually. The company estimates an annual revenue reduction of approximately ₹8.20 Crores, and PSPCL may raise a retrospective recovery demand of ₹13.02 Crores. The company is considering filing an appeal before the Appellate Authority to challenge the order and the retrospective recovery demands.
This is a material negative for shareholders — lower tariffs and a possible retrospective demand of over ₹13 Crores could pressure earnings and cash flows from the company's power division. The stock may see a negative reaction, though the appeal option introduces some uncertainty around the final outcome.