Ponni Sugars (Erode) Limited — Others, 18-07-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
18-07-2025 | 06:21 pm
18-07-2025 | 06:21 pm
Ponni Sugars (Erode) Ltd's petition to the Tamil Nadu Electricity Regulatory Commission (TNERC) for a refund of excess charges paid for start-up power has advanced. TNERC has directed its registry to formally accept and process the company's petition, which was previously returned on technical grounds. This means the petition's eligibility has been confirmed, allowing the core issues of the dispute to be decided in due course. The company is seeking Rs. 3.01 crore. While the final financial implications depend on TNERC's eventual order, this development marks a positive procedural step in the company's efforts to recover these funds.
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