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Tata Power acquires NELCO's defence business division

03 Feb 2017 Evaluate

Tata Power Company has acquired the Unattended Ground Sensors (UGS), the defence business division of NELCO. UGS is a part of automation & Control segment. Earlier in January 2015, the company had entered into a binding understanding with group firm NELCO for acquisition of the same.

The UGS business involves supply, installation and servicing of sensors for the Ministry of Defence. After purchase, the UGS business would be housed in Tata Power’s strategic engineering division, which is also a supplier of defence equipment and solutions.

Tata Power is India’s largest integrated power company with a growing international presence. The company together with its subsidiaries and jointly controlled entities has presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.



Peers
Company Name CMP
NTPC 328.60
Tata Power 368.40
Adani Power 208.70
Power Grid Corpn. 265.65
Adani Energy Solut. 1429.25
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