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Tata Power to invest Rs 1,000 cr to lay cables in Mumbai

26 Aug 2011 Evaluate

The country's largest private power generation company Tata Power plans to invest around Rs 1,000 crore over the next three years to lay its own cable network in Mumbai for power distribution. At present, TPC serves 8 lakh customers using the wire networks of BEST and Reliance Infrastructure to distribute electricity in the city and the suburbs, respectively. TPC also has its own network in certain parts of the metropolis.

TPC is charged a fee called wheeling charges for distributing power through the RInfra and BEST networks, which the company then recovers from its consumers.crackcrack

Peers
Company Name CMP
NTPC 327.00
Tata Power 361.00
Adani Power 202.35
Power Grid Corpn. 263.50
Adani Energy Solut. 1350.00
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