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India Power’s arm takes over electricity supply, distribution business of Gaya, Bodhgaya areas

03 Jun 2014 Evaluate

India Power Corporation’s (formerly DPSC) - wholly owned subsidiary - India Power Corporation (Bodhgaya) has taken over the electricity supply and distribution business of Gaya, Bodhgaya and other adjoining areas as distribution franchisee from South Bihar Power Distribution Company (SBPDCL) with effect from June 2014 as per the terms of the Distribution Franchisee Agreement executed on December 31, 2013.

India Power Corporation, one of the oldest power utility companies in India, was incorporated in the year 1919 in the state of West Bengal. The company generates 12 MW from its coal-based thermal power plant at Dishergarh and operates 95 MW of wind power plants in Gujarat, Karnataka and Rajasthan, cumulatively.

Peers
Company Name CMP
NTPC 396.10
Tata Power 435.70
Adani Power 203.05
Power Grid Corp 319.30
Torrent Power 1622.05
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