Chandigarh: Goenka Group set to take over power department
Kolkata-based industrial and services conglomerate RP-Sanjiv Goenka (RPSG) Group is all set to take over the Chandigarh electricity department.
On Wednesday, the group’s flagship Calcutta Electric Supply Corporation (CESC)’s wholly-owned subsidiary Eminent Electricity Distribution (EED) quoted the highest bid for the department.
“EED quoted a bid of around ₹871 crore against the reserve price of ₹175 crore,” said a senior UT official privy to the development. The next highest bid of ₹606 crore was made by Torrent Power (see box).
EED was one of the seven companies in the race for taking over the department, others being Sterlite Power, ReNew Wing Energy, NTPC Electric Supply Company Limited, Adani Transmission Limited, Tata Power and Torrent Power.
