VEDL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Hon'ble Supreme Court of India passed a judgment on May 20, 2026 against Talwandi Sabo Power Limited (TSPL), a subsidiary undergoing demerger from Vedanta. The court set aside a previous favorable order from APTEL and restored the penalty order from PSERC. TSPL had allegedly misdeclared power availability for January 2017 under the Grid Code. The penalty amounts to approximately ₹127 crore plus applicable Late Payment Surcharge payable to Punjab State Power Corporation Limited. TSPL's equity shares are in the process of listing on BSE and NSE.
The ₹127 crore penalty plus Late Payment Surcharge represents a quantifiable financial liability for TSPL. As TSPL is in the process of listing its shares, this adverse Supreme Court ruling may impact investor sentiment and the planned IPO/listing of the subsidiary.