Shares of Tata Power Company Ltd surged 3% to touch the day’s high of Rs 402.30 on 17th March, following a key regulatory development seen as positive for power distribution companies.

The Appellate Tribunal for Electricity (APTEL) dismissed an appeal filed by Brihanmumbai Electric Supply and Transport Undertaking (BEST) against an earlier order on parallel licensing.

The tribunal ruled in favour of Tata Power Company Ltd, allowing a phased rollout of parallel electricity distribution networks.

The verdict confirms that parallel power distribution systems are legally valid in the sector.

The case dates back to FY23–FY25, when multiple companies applied for parallel distribution licences in Maharashtra.

In June 2025, Maharashtra Electricity Regulatory Commission (MERC) accepted applications from eligible companies.

BEST had challenged this move, opposing parallel licences in its operational areas.

At 1:10 PM, shares of Tata Power were trading 2.01% higher at Rs 398.40 on the NSE.

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