CERC Gives Jolt To Shirdi Sai Electricals Over Bank Guarantee Row
The Central Electricity Regulatory Commission (CERC), in its latest judgment, has rejected Indosol Solar’s plea for immunity from furnishing a connectivity bank guarantee. Indosol Solar is a Special Purpose Vehicle (SPV) of Shirdi Sai Electricals. Shirdi Sai Electricals is one of the winners of India’s Production-Linked Incentives (PLI). The central electricity regulator issued the order […]