Grid Corpn. Of Orissa Ltd.&Ors; vs Eastern Metals & Ferro Alloys & Ors Etc

The Supreme Court interpreted the Orissa Electricity Reform Act, 1995, particularly Section 14(iv), which allows the State Government to issue provisional licenses for electricity supply. The Court held that the appellant, GRIDCO, was authorized to revise electricity tariffs under the provisional licenses issued, and that the revised tariffs must not exceed 117% of the interim tariffs in force as of April 1, 1996. The judgment clarified the scope of the licensing provisions and upheld the validity of the tariffs set by GRIDCO.