Gujarat based Torrent Power to get power distribution of Dadra and Nagar Haveli, Daman and Diu
The Hindu
Gujarat-based Torrent Power Ltd has emerged as the highest bidder for the sale of 51 % stake for the privatization of power distribution in the Union Territory of Dadra and Nagar Haveli and Daman and Diu.
The Bidding for the Distribution Business of the UT has been undertaken as part of the Government of India’s initiative to privatize distribution utilities of Union Territories to usher in efficiency, which will provide a model for emulation by other utilities across the country as the government pushes for privatization in the power distribution sector.
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