Torrent Power has received Letter of Intent (LoI) to acquire 51 per cent equity stake in Dadra and Nagar Haveli (DNH) and Daman/and Diu Power Distribution Corporation. The company is to be incorporated for holding assets of the Electricity Department, Daman and Diu and DNH Power Distribution Corporation related to electricity distribution business. It will be responsible for distribution and retail supply of electricity and will hold distribution license in the Union Territory of Dadra and Nagar Haveli and Daman and Diu.
Torrent Power is an integrated utility engaged in the business of power generation, transmission and distribution with operations in the states of Gujarat, Maharashtra and Uttar Pradesh.
