The company will buy stakes in Western Electricity Supply Company of Odisha (WESCO), Southern Electricity Supply Company of Odisha Ltd (SOUTHCO), and Central Electricity Supply Company of Odisha Ltd (CESCO).
The company has expanded its consumer base to 95 lakh from the present base of 52 lakh.
Tata Power takes over power distribution in western, southern Odisha ANI | Updated: Jan 08, 2021 13:25 IST
As per order issued by the Odisha Electricity Regulatory Commission (OERC), Tata Power holds 51 per cent of equity with management control and the state-owned Grid Corporation of Odisha (GRIDCO) will have the remaining 49 per cent.
TPWODL will be responsible for the distribution and retail supply of electricity in five circles of WESCO covering 20 lakh consumers with annual input energy of 7,520 million units in areas of Rourkela, Burla, Bhawanipatna, Bolangir and Bargargh.