Torrent Power emerges as highest bidder for 51% by admin- Monday, February 22nd, 2021 04:13:42 PM
Torrent Power emerged as the very best Bidder for the sale of 51% stake within the Power Distribution Company within the UT of Dadra & Nagar Haveli and Daman & Diu. The acquisition of fifty one% stake within the power distribution agency by using Torrent is problem to in addition formalities as prescribed underneath the Tender files. The Bidding for the Distribution Business of the UT has been undertaken as part of the Government of India’s initiative to privatize distribution utilities of Union Territories to bring in performance, so one can offer a version for emulation with the aid of different utilities throughout the united states of america.
Torrent Power currently distributes almost sixteen.66 billion gadgets to over three.65 million customers inside the cities of Ahmedabad, Gandhinagar, Surat, Dahej SEZ and Dholera SIR in Gujarat; Bhiwandi, Shil, Mumbra and Kalwa in Maharashtra and Agra in Uttar Pradesh. With the addition of Dadra & Nagar Haveli (consisting of Silvasa) and Daman & Diu, Torrent will distribute nearly 25 billion units to over three.8 million customers and cater a peak demand of over 5000 MW.