vimarsana.com

Page 2 - வடக்கு கிழக்கு மின்சாரம் விநியோகி நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Tata Power takes over NESCO - The Hindu

Tata Power takes over NESCO Updated: Updated: Share Article AAA Tata Power Ltd. has taken over the management and operations of NESCO (North Eastern Electricity Supply Company of Odisha) upon completion of the sale process, the company announced on Thursday. Now, NESCO will operate under the company name TP Northern Odisha Distribution Ltd. (TPNODL). As per order issued by the Odisha Electricity Regulatory Commission (OERC), Tata Power holds 51% of equity with management control and the State-owned GRIDCO will have 49% equity stake in the company. TP Northern Odisha Distribution Ltd (TPNODL) will now be responsible for the distribution and retail supply of electricity in five circles of NESCO covering close to two million consumers with annual input energy of 5450 MUs in areas of Balasore, Bhadrak, Baripada, Jajpur and Keonjhar.

Stock in news: Future Retail, RIL, TCS, Airtel, Adani Green, Power Grid, Tata Power

Stock in news: Future Retail, RIL, TCS, Airtel, Adani Green, Power Grid, Tata Power
origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.

Tata Power receives LoI for distribution and retail sale of electricity

In five circles of NECO utilityTata Power Company announced that vide Letter of Intent (LOI) issued by The Odisha Electricity Regulatory Commission (OERC), the Company has been selected as the successful bidder to own the licence for the distribution and retail supply of electricity in Odisha s five circles of North Eastern Electricity Supply Company of Odisha (NESCO) Utility constituting the areas of Balasore, Bhadrak, Baripada, Jajpur and Keonjhar. The proposed sale of NESCO Utility to the Company will be through the formation of a Special Purpose Vehicle (SPV) entity in which the Government of Odisha will own 49% in the equity share capital and

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.