Privatisation: Kolkata firm set to take over Chandigarh Electricity Dept
Kolkata-based Eminent Electricity Distribution Ltd has emerged as the highest bidder to take over the UT Electricity Department, quoting five times the reserve price of nearly Rs174 crore.
A subsidiary of CESC Limited, a flagship company of RP-Sanjiv Goenka Group, Eminent Electricity Distribution Ltd made the highest bid of Rs871 crore, whereas Adani Transmission Ltd quoted Rs471 crore. Among the seven firms in the fray for power distribution in the city, Sterlite Power submitted the lowest bid of Rs201 crore whereas the second highest bid of Rs606 crore was made by Torrent Power.
