NEW DELHI: Tata Power on Monday said it has bagged a 25-year licence for distribution and retail supply of electricity in Odisha’s five circles, together constituting Central Electricity Supply Utility of Odisha (CESU) for about Rs 175 crore.
Company chief executive officer and managing director Praveer Sinha said a special purpose vehicle will be formed in which the company will own 51% and the balance 49% will be owned by the Odisha government. The deal values CESU at Rs 350 crore.
