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Rajasthan High Court Upholds Promissory Estoppel in Renewable Energy Dispute
Case Law Details
- Case Name
- Ultra Tech Cement Ltd. Vs Energy Department (Rajasthan High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Rajasthan High Court
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Ultra Tech Cement Ltd. Vs Energy Department (Rajasthan High Court)
In a significant ruling for investor confidence in the green energy sector, the Rajasthan High Court (DB Civil Writ Petition No. 1151/2023) has held that the State cannot arbitrarily withdraw fiscal incentives after investments have been made based on specific policy assurances.
The Core Issue: The Rajasthan Solar Policy 2019 promised a 7-year exemption from Electricity Duty for captive solar plants. Acting on this, UltraTech invested approx. ₹89 Crores in solar infrastructure. However, the State subsequently amended the poli...
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