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Tata Power Company signs Distribution Franchisee Agreement with Ajmer Vidyut Vitran Nigam

Capital Market 

Forms SPV - TP Distribution

Company announced that it has signed a Distribution Franchisee Agreement with Vidyut Vitran Nigam to cater to the power requirements of customers in for a period of 20 years.

To serve the purpose, has formed a special purpose vehicle - TP Distribution, which will be responsible for operating and maintaining the distribution network in City. It will also be responsible for managing the billing and collections.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, June 08 2017. 15:02 IST