PSUs shouldn’t behave like Shylock to become money-minded: SC

The Supreme Court criticized Gujarat Urja Vikas Nigam Limited (GUVNL) for prioritizing commercial interests over its role as a model public sector entity. The court rejected GUVNL’s attempt to enforce a fixed tariff rate on wind power producers, emphasizing the government’s renewable energy promotion policies. GUVNL’s conduct was deemed unfair and likened to that of a ‘Shylock’.