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Partial breather for JSW Energy in HC
The Karnataka high court has directed JSW Energy Ltd to supply electricity to the state government at Rs 7.25 per unit until a pending petition is disposed of. The dispute arose from a government order requiring all electricity generators in Karnataka to supply their entire output to the state grid. JSW Energy, which operates a coal-based power plant, challenged the order, arguing that the rate set by the government was half the market rate and causing significant financial losses. The single judge has been given a week to rule on the petition.