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Tata Power acquires 51% equity stake each in TPSODL, TPWODL

07 Jan 2021 Evaluate

Tata Power has acquired 51% equity stake each in TP Southern Odisha Distribution (TPSODL) and TP Western Odisha Distribution (TPWODL) for a consideration of Rs 127.50 crore and Rs 255 crore, respectively. GRIDCO (GRIDCO) will hold balance 49% equity stake each on TPSODL and TPWODL.

With this takeover, the company’s distribution circles will expand to the western (TPWODL) and southern part (TPSODL) of Odisha with geographical spread of more than 47,000 sq km each. It will manage a network of more than 100,000 CKT. KMs. each for a license period of 25 years.

With the inclusion of two additional distribution utilities, Tata Power expands its consumer base to 9.5 million from the present base of 5.2 million across Mumbai, New Delhi, Central part of Odisha and Ajmer.

Tata Power is India’s largest integrated power company.

Tata Power Share Price

437.30 -4.05 (-0.92%)
05-May-2026 12:03 View Price Chart
Peers
Company Name CMP
NTPC 395.70
Tata Power 437.30
Adani Power 231.00
Power Grid Corp 315.90
Torrent Power 1730.80
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