The Central Electricity Regulatory Commission (CERC) has recently passed an order for Application for downgradation of inter-State trading licence in electricity from Category ‘II’ to Category ‘IV’.
Shree Cement Limited, has filed the present Petition for down-gradation of its inter-State trading licence in electricity from Category ‘II’ to Category ‘IV’ with effect from 1.4.2020.
Commission observes that Shree Cement Limited being a ‘II’ licensee fulfills all technical requirements for grant of Category ‘IV’ inter-State trading licence specified in Regulation 3(2) of the 2020 Trading Licence Regulations,
The net worth requirements for Category ‘IV’ is 10 crore and should have maintained a minimum current ratio and liquidity ratio of 1:1 on the date of audited special balance sheet. Shree Cement Limited has the net worth of 940102.00 with a ratio of 2.13 : 1.68.
The Commission stated that the Shree Cement Limited meets the net worth, current ratio and liquidity requirements specified by the Commission and approves the down-gradation of the licence of the Shree Cement Limited from Category ‘II’ to Category ‘IV’ with effect from the date of issuance of the order.
The Commission stated that a copy of this order must be sent to the Central Government in the Ministry of Power and Central Electricity Authority for their information and record.
Commission also directs that necessary endorsement must be made on the licence issued to the applicant with regard to change of Category of the licensee.
To know more about the order refer to the document below: