Torrent Power on Saturday said it has emerged as the highest bidder for 51 per cent stake in a power distribution company in the Union Territory of Dadra & Nagar Haveli and Daman & Diu.
The company in a statement said that the acquisition of 51 per cent stake in the power distribution company is subject to further formalities as prescribed under the tender documents.
The discom of the UT has annual revenue of about Rs 4,500 crore at sale of around 9,000 million units of electricity every year to 1.5 lakh consumers covering geographical area of 603 square kilometres.
