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Tata Power takes over NESCO - The Hindu

Tata Power takes over NESCO Updated: Updated: Share Article AAA Tata Power Ltd. has taken over the management and operations of NESCO (North Eastern Electricity Supply Company of Odisha) upon completion of the sale process, the company announced on Thursday. Now, NESCO will operate under the company name TP Northern Odisha Distribution Ltd. (TPNODL). As per order issued by the Odisha Electricity Regulatory Commission (OERC), Tata Power holds 51% of equity with management control and the State-owned GRIDCO will have 49% equity stake in the company. TP Northern Odisha Distribution Ltd (TPNODL) will now be responsible for the distribution and retail supply of electricity in five circles of NESCO covering close to two million consumers with annual input energy of 5450 MUs in areas of Balasore, Bhadrak, Baripada, Jajpur and Keonjhar.

Stocks to track in trade for January 8, 2021: Biocon, Tata Power, IDFC, ONGC, IndiGo, Bharat Rasayan

Updated Jan 08, 2021 | 10:27 IST TCS to announce results today. Firm is expected to sustain the revenue momentum in the December 2020 quarter following pick up in the business activities Stocks to track in trade for January 8, 2021: Biocon, Tata Power, IDFC, ONGC, IndiGo, Hindustan Construction Company   Key Highlights ONGC: Co approved issue of Up to Rs 1,500 crore worth non convertible debentures Wendt India OFS gets demand at indicative price Rs 2,716.60 Biocon  The company’s biosimilars unit Biocon Biologics receives investment of Rs 555 crore from Abu Dhabi-based ADQ for a 1.80% minority stake. Deal values Biocon Biologics at a post-money valuation of about $4.17 billion. 

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