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Tata Power's JV threatens to stop maintaining 60,000 street lights over unpaid dues

27 Aug 2019 Evaluate

Tata Power Delhi Distribution (TPDDL), a joint venture between Tata Power and the Government of NCT of Delhi, has threatened to stop maintaining over 60,000 street lights in its area, seeking payment of dues of Rs 10 crore from two government agencies. Non-payment of dues is severely hampering the regular maintenance of the street lights.

Tata Power Company 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 309.30
Tata Power 335.50
Adani Power 188.00
Power Grid Corpn. 245.40
Adani Energy Solut. 1252.95
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