Reliance Infrastructure Limited has informed the Exchange regarding a press release dated August 08, 2025, titled "Media Release".
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Reliance Infrastructure's material subsidiaries BSES Yamuna Power Ltd and BSES Rajdhani Power Ltd (a 51:49 joint venture with the Government of Delhi) have received a favorable Supreme Court judgment dated August 6, 2025, regarding recovery of regulatory assets. The total regulatory assets to be recovered stand at Rs. 28,483 crores as of July 31, 2025. The Supreme Court ordered that these existing regulatory assets must be liquidated/recovered over a maximum period of 4 years, from April 1, 2024, to March 31, 2028. The court laid down 10 guiding principles (sutras) and 9 clear directions for Electricity Regulatory Commissions (ERCs) and APTEL, including that tariffs must be cost-reflective and regulatory assets should not exceed 3% of the Aggregate Revenue Requirement (ARR). APTEL has been directed to monitor implementation of these directions through a suo moto petition.
This is a positive development for Reliance Infrastructure shareholders as it provides regulatory clarity and a defined recovery roadmap for a substantial Rs. 28,483 crores of regulatory assets through its Delhi power distribution subsidiaries, which should improve cash flows and reduce uncertainty for the discoms through fiscal year 2028.