Legal13 Apr 2026, 07:31 pm
RSWM receives High Court order on ₹11.07 Cr electricity duty
AI Summary
RSWM Ltd announced on April 13, 2026, that it has received an order from the Hon'ble High Court of Judicature for Rajasthan at Jodhpur. The order disposes of the company's appeal concerning the levy of electricity duty on solar power captive consumption, which amounts to ₹11.07 crores plus late payment surcharge (LPS). The company is currently examining the order with its legal counsels to determine the course for a further appeal before appropriate authorities. This amount has already been accounted for as a contingent liability in the company's books.
Key Highlights
- High Court disposed of RSWM's appeal on electricity duty.
- The levy amounts to ₹11.07 crores plus late payment surcharge.
- Company is reviewing the order for potential further appeal.
- The disputed amount is already a contingent liability in books.