JSW Energy Ltd

JSW Energy Subsidiary Faces ₹1,447 Crore Water Charge Demand ⚖️💧

• JSW Mahanadi Power Company Limited (JMPCL) received a demand for ₹1,447.34 crores in water charges from Chhattisgarh authorities

• The demand primarily relates to the period before JMPCL's resolution plan was approved under insolvency proceedings

• The National Company Law Tribunal order from February 13, 2025 stated all crystallised and unclaimed liabilities as of that date are extinguished

• JMPCL is currently paying water charges regularly after implementation of the resolution plan

• JSW Energy believes the claim is extinguished and not payable based on judicial precedents

• JMPCL has challenged the demand in the High Court of Chhattisgarh at Bilaspur