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Torrent Power update on bid for power distribution company in UT of Dadra & Nagar Haveli and Daman & Diu

Torrent Power announced that with regard to the tender process where the company had emerged as the highest bidder for 51% equity stake in Power Distribution Company for the Union Territories of Dadra
& Nagar Haveli and Daman & Diu.
In this connection, the Hon ble Bombay High Court has, inter alia, suspended the tender process in a
PIL case before the Court until further orders in the matter.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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Mohan Delkar, MP from Dadra and Nagar Haveli, found dead in Mumbai hotel

Read more about Mohan Delkar, MP from Dadra and Nagar Haveli, found dead in Mumbai hotel on Business Standard. Mohan Delkar, seven-term Lok Sabha member from Dadra and Nagar Haveli, was found dead in a Mumbai hotel on Monday, police said.The body of Delkar (58), Independent MP from Dadra and Nagar Haveli Union Territory, was found at the sea-facing ....

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Torrent Power sizzles on emerging highest bidder for Dadra Nagar Haveli, Daman & Diu discom

Torrent Power jumped 5.08% to Rs 383.35 after the company emerged as the highest bidder for acquisition of 51% stake in the power distribution company in the Union Territory of Dadra & Nagar Haveli and Daman & Diu.The acquisition is subject to further formalities as prescribed under the tender documents. The bidding for the distribution business of the Union Territory 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.
Torrent Power said it currently distributes nearly 16.66 billion units to over 3.65 million customers in the cities of Ahmedabad, Gandhinagar, Surat, Dahej SEZ and Dholera SIR in Gujarat; Bhiwandi, Shil, Mumbra and Kalwa in Maharashtra and Agra in Uttar Pradesh. ....

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Hitech Corporation sells land & building located at Dadra

Hitech Corporation has executed a sale deed on 22 January 2021 effecting the sale of the Company s land & building admeasuring 3621 square meters situated at Survey No.1088, Demini Road,
Arihant Industrial Estate, Dadra - 396 230 (U.
T. of Dadra & Nagar Haveli and Daman & Diu), along with the
Company s entire right, title and interest in respect of and/ or in connection with the aforesaid Land and
Building and liabilities pertaining thereto, for a consideration of Rs. 3.83 crore.
The manufacturing operations at the said Unit was discontinued with effect from 31 March 2015
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