Eminent electricity distribution company Wednesday pegged around Rs 871 crore, the highest bid, in the Chandigarh’s power privatisation project.
The financial bids of the firms opened in the presence of officials. Officials said that Eminent pegged the highest amount, almost five times more than the reserve price of Rs 175 crore.
UT officers did not divulge any information stating that Eminent is the H1.
A total of seven companies were in the race, including Adani Transmission Limited, Tata Power, Torrent Power, Sterlite Power, renew Wind Energy, NESCl (NTPc), and Eminent Electricity power company.
While Torrent placed a bid of Rs 606 Cr, NTPC bid 563 Rs Cr, Sterlite-bid Rs 201 Cr, TPC bid Rs 426 Cr, Adani placed a bid of Rs 471 Cr, and Renew bid Rs 551.5 Cr.
