In the matter of the CERC (Procedure, Terms and Conditions for grant of trading license & other related matters), Regulations of an inter-State trading licence – EQ

Summary:

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## **Case Summary – Operative Save Urja Solutions Pvt. Ltd. (OSUSPL) Trading Licence Application**

**Forum:** Central Electricity Regulatory Commission (CERC), New Delhi
**Petition No.:** 553/TD/2025
**Order Date:** 13 August 2025
**Coram:**

* Jishnu Barua, Chairperson
* Ramesh Babu V., Member
* Harish Dudani, Member
* Ravinder Singh Dhillon, Member

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### **1. Case Background**

* **Applicant:** Operative Save Urja Solutions Pvt. Ltd. (OSUSPL), New Delhi
* **Nature of Petition:** Application under **Sections 14 & 15(1) of the Electricity Act, 2003**, read with **Regulation 6 of CERC Trading Licence Regulations, 2020**, seeking **Category ‘V’ inter-State trading licence** (valid for 25 years).

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### **2. Process & Compliance**

* **Public Notices by Applicant (30.04.2025):** Published in Indian Express, New Indian Express, Meghalaya Guardian, Financial Express (multiple editions).

* **Result:** No objections received.
* **Financials (as per Special Balance Sheet, 30.06.2025):**

* Net Worth ≥ ₹2 crore
* Current Ratio ≥ 1:1
* Liquidity Ratio ≥ 1:1
* ✅ Met eligibility for Category ‘V’.
* **Professional Staff:**

* Mr. Vishal Goyal – PG Diploma (NPTI), MBA, 16 yrs experience in power sector, Business Development Director.
* Mr. Anshul Gupta – FCA, 11 yrs experience in finance, MIS, budgeting, compliance.
* ✅ Clause (2) of Regulation 3 requirements met.
* **CERC Preliminary Order (19.07.2025):** Found prima facie eligible; issued public notice (25.07.2025, Hindustan Times & Dainik Jagran).

* **Result:** No objections received.

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### **3. Commission’s Observations**

* Applicant meets all requirements under **Trading Licence Regulations, 2020**.
* Undertaking given: Will not engage in transmission without surrendering trading licence.
* Committed to comply with all CERC rules/regulations during licence tenure.

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### **4. Decision / Licence Grant**

CERC granted **Category ‘V’ Trading Licence** (inter-State trading across India), subject to conditions:

1. Comply with Act, Rules, Regulations, CERC orders & directions.
2. Not to engage in transmission business during licence period.
3. Charge trading margin strictly per CERC regulations.
4. Maintain required **net worth, liquidity & current ratios**.
5. Adhere to qualifications/disqualifications under Trading Licence Regulations.
6. Pay annual licence fees as per CERC Fee Regulations.
7. Licence **liable to revocation** if:

* Non-compliance with Act/Regulations, OR
* No trading activity within **1 year of licence grant**.
8. Submit reports/information as required by CERC.

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### **5. Outcome**

* **Petition Allowed.**
* **Operative Save Urja Solutions Pvt. Ltd. granted Category ‘V’ inter-State electricity trading licence** valid across India.
* Order communicated to **Ministry of Power** & **CEA**.

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