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Tata Power gets LoI for distribution, retail supply of electricity in Odisha’s five circles of NESCO

01 Feb 2021 Evaluate

Tata Power has received the Letter of Intent (LoI) from the Odisha Electricity Regulatory Commission (OERC) for the distribution and retail supply of electricity in Odisha’s five circles of NESCO constituting the areas of Balasore, Bhadrak, Baripada, Jajpur and Keonjhar. As per conditions of Bid Documentation, Tata Power will hold 51 percent equity with management control and the State-owned GRIDCO will have the remaining 49 percent equity stake in the company.

With the inclusion of additional distribution utility of Odhisa, Tata Power shall now have privilege to serve entire population of State of Odisha with nearly 9 million consumers shall now experience uniform processes and synergies in operations across the State. This expansion shall enhance Tata Power consumer base to nearly 12 million from the present base of 9.6 million across Mumbai, New Delhi, Ajmer, Central, Southern and Western parts of Odisha.

Tata Power is India’s largest integrated power company.

Tata Power Share Price

435.20 1.55 (0.36%)
21-Apr-2026 10:49 View Price Chart
Peers
Company Name CMP
NTPC 399.75
Tata Power 435.20
Adani Power 202.85
Power Grid Corp 320.50
Torrent Power 1624.90
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