Supreme Court Dismisses Andhra Pradesh DISCOMs' Appeal, Upholds GBI Disbursement to Generating Companies

JSW Energy Ltd. provides an update on a material litigation under Regulation 30(4) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Indian Wind Power Association, of which JSW Neo Energy Limited (a subsidiary of the Company) is a member, had filed a writ petition challenging the order dated July 28, 2018 of the Andhra Pradesh Electricity Regulatory Commission. The order permitted Andhra Pradesh DISCOMs to deduct Generation Based Incentive (GBI) from energy payments, impacting JSW Neo Energy Limited’s subsidiaries. In concurrent proceedings, the Hon’ble Supreme Court, on March 25, 2026, dismissed the appeal filed by the Andhra Pradesh DISCOMs against the order of the Appellate Tribunal for Electricity. The Supreme Court held that GBI is intended to be disbursed to the generating companies over and above the tariff.