State-run NTPC has threatened to snap power supply to Reliance Infra-backed discoms in Delhi -- BRPL and BYPL -- if they fail to pay around Rs 1,300 crore dues by midnight on May 9.
Reacting to the DERC's decision, the Aam Aadmi Party Government said it will ask the regulator to review the hike as it will put additional burden on the consumers. The hike will be effective from Monday.
In the latest list for the year 2014, ITC is followed by engineering and infrastructure major Larsen and Toubro (L&T), another FMCG giant Hindustan Unilever, carmaker Maruti Suzuki and public sector bank SBI among the top five most admired companies in India.
DERC has directed BSES Rajdhani Power Ltd and BSES Yamuna Power Ltd to present their case before it at a special hearing scheduled today.
The government on January 1 announced its decision to recommend CAG audit of the finances of the three power distribution companies -- BSES Rajdhani Power Ltd, BSES Yamuna Power Ltd and Tata Power Delhi Distribution Ltd.
The CAG has said it will do the audit," Chief Minister Arvind Kejriwal told reporters after a meeting of the Cabinet which took the decision on audit.
The decision to subsidise power tariff, which will involve a cash outgo of Rs 61 crore in the remaining three months of the 2013-14 fiscal.