GMR Infrastructure, the infrastructure holding company of GMR group, has announced that the company has received Central Electricity Regulatory Commission (CERC) order on tariff revision related to supply of 300 MW under power purchase agreement (PPA) with Haryana discoms from 1050 MW coal based power plant in Odisha.

The company said, ''The order dated Feb 3, 2016 by Central Electricity Regulatory Authority, Delhi, grants GMR Kamalanga Energy (GKEL) compensation for using imported and open market coal at actual cost to extent of shortfall in linkage coal for supplies under the PPA.''

The company further said, ''The order also grants GKEL a compensation due to change in law effective from Feb 1, 2014 onwards.''

GKEL, a subsidiary of GMR Infrastructure Company, is a special purpose vehicle for development, operation and maintenance of 1050 MW Kamalanga power station in Odisha.

''However, the compensation for use of imported and open market coal would depend upon the quantum of coal used during a period and the price for the same. Further, the impact of Change in Law permitted by CERC works out to around Rs. 0.20 / unit for future supply of power whereas past dues works out to an average Rs 0.14/Unit of power supplied,'' it added.

GKEL supplys power under a long term power purchase agreement for 300 MW to Haryana cxdsDISCOMS through PTC India (Haryana PPA) since Feb. 1, 2014.

Shares of the company gained Rs 0.42, or 3.42%, to trade at Rs 12.71. The total volume of shares traded was 479,287 at the BSE (11.01 a.m., Monday).