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Tata Power takes over power distribution in Western and Southern Odisha from 1st January 2021 onwards Posted On: 2021-01-07 05:05:35 (Time Zone: Arizona, USA) Tata Power, India s largest integrated power utility, today, announced that it has taken over the management and operations of WESCO and SOUTHCO upon completion of sale process. Now, WESCO and SOUTHCO will operate under the company name as TP Western Odisha Distribution Limited (TPWODL) and TP Southern Odisha Distribution Limited (TPSODL) respectively. As per order issued by the Odisha Electricity Regulatory Commission (OERC), Tata Power holds 51 percent of equity with management control and the State-owned GRIDCO will have the remaining 49 percent equity stake in the company. ....
Tata Power has today acquired 51% equity stake each in TP Southern Odisha Distribution (TPSODL) and TP Western Odisha Distribution (TPWODL) for a consideration of Rs 127.50 crore and Rs 255 crore, respectively. GRIDCO (GRIDCO) will hold balance 49% equity stake each on TPSODL and TPWODL. TPSODL was incorporated on 25 December 2020 as a wholly owned subsidiary of GRIDCO to carry out the business of SOUTHCO Utility. The Hon ble Odisha Electricity Regulatory Commission (OERC), vide its Vesting Order dated 28 December 2020, has vested the license to TPSODL to carry out the function of distribution and retail supply of electricity covering the distribution circles of Ganjam City, Berhampur, Aksa, Bhanjannagar, Jeypore and Rayagada in the state of Odisha for a period of 25 years effective 1 January 2021. ....
Tata Power takes over power distribution in western, southern Odisha By IANS | Published on Thu, Jan 7 2021 19:27 IST | 0 Views
Tata Power on Thursday announced that it has taken over the management and operations of Odisha s power distribution utilities WESCO and SOUTHCO upon completion of the sale process.. Image Source: IANS News New Delhi, Jan 7 : Tata Power on Thursday announced that it has taken over the management and operations of Odisha s power distribution utilities WESCO and SOUTHCO upon completion of the sale process. With this, WESCO and SOUTHCO will operate under the company name as TP Western Odisha Distribution Ltd (TPWODL) and TP Southern Odisha Distribution Ltd (TPSODL) respectively. ....
Man meets watery grave while taking selfie at Duduma waterfall in Koraput Post News Network Also read: The deceased was identified as Satya Parija from Kaliagaon area near Jeypore town in the district. Satya had gone to the waterfall along with four of his friends to celebrate New Year. He, unfortunately, fell into the waterfall while taking a selfie and went missing Friday. Satya’s friends started a search for him; however, he could not be traced. On being informed, the ODRAF and fire personnel joined them in searching for missing Satya. “We had been trying hard to retrieve the body since Friday. A joint team of fire services department and ODRAF successfully recovered his body Saturday afternoon. It is a drowning case, so his family will get compensation of Rs 4 lakh as per government norms,” Machhkund tehsildar Manas Ranjan Patnaik said. ....
Clicking selfies prove fatal as girl falls into Ib River in Sundargarh district Post News Network Sundargarh: The fascination for taking selfies has landed many in fatal trouble. The same fate awaited a girl who had gone to Kanakund picnic spot in Sundargarh district. She met a watery grave when she fell into Ib River while clicking selfies Sunday. The deceased has been identified as Renu Prajapati, a resident of Kumbharpada village in Rajgangpur area. After receiving the information, fire personnel reached the spot and launched a search operation. Search was still on to find the body of the deceased at the time of filing this copy. ....