Corporate News 09-Feb-22
Torrent Power update on distribution license in UT of Dadra & Nagar Haveli and Daman and Diu
Torrent Power announced that the Electricity Department, U.T. Administration of Dadar & Nagar Haveli and Daman & Diu have issued a Letter of Intent ('LOI') dated 07 February 2022 to the Company for selecting the Company, pursuant to its Bid, to purchase 51% shares in Dadra and Nagar Haveli and Daman / and Diu Power Distribution Corporation (a company to be incorporated for holding assets of the Electricity Department, Daman and Diu and DNH Power Distribution Corporation related to electricity distribution business), which shall be responsible for distribution and retail supply of electricity and shall hold distribution license in the Union Territory of Dadra and Nagar Haveli and Daman and Diu.
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