Torrent Power to Acquire 51% Stake in Dadra & Nagar Haveli, Daman and Diu DISCOMs

Mercom India | Feb 22, 2021 at 7:24 AM
  • Torrent Power has emerged as the highest bidder for the acquisition of the power distribution company (DISCOM) in the union territory of Dadra & Nagar Haveli, Daman and Diu.
  • With the latest addition to its portfolio, Torrent will now distribute nearly 25 billion units of power to over 3.8 million customers and cater to a peak demand of over 5,000 MW.
  • The Ministry of Power had issued draft standard bidding documents to select bidders for acquiring a majority stake in distribution licensees for the distribution and retail sale of electricity.