The Competition Commission of India (CCI) has approved the Tata Power Company's proposed purchase of 51 percent stake each in three power utilities in Odisha. The company is to buy the stakes in Western Electricity Supply Company of Odisha (WESCO), Southern Electricity Supply Company of Odisha (SOUTHCO) and Central Electricity Supply Company of Odisha (CESCO). The deal comes after separate competitive bidding processes initiated by the Odisha Electricity Regulatory Commission.
Tata Power Company is India’s largest integrated power company.
