notionally divided in the ratio of 50:50 on the book value of the transmission system at the end of the financial year ... becomes zero.
16. According to Explanation 1 to Clause 4.4(c), the premium raised by the Transmission Utility while issuing share capital and investment
tariff by Rs. 0.14 per unit while approving the transfer of
equity shares of 3rd Respondent and this reduction of tariff, according ... also opined that with zero debt,
the element of interest on loan, which is part of fixed cost, would become
zero. In response
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