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Tata Power inks pact for electricity distribution in Ajmer

Press Trust of India  |  New Delhi 

today said it has signed an agreement with Vidyut Vitran Nigam Ltd (AVVNL) for electricity distribution in for 20 years.

signed the Distribution Franchise Agreement (DFA) with AVVNL to cater to power requirements of customers in for a period of 20 years, said in a regulatory filing.

Subsequent to winning the bid for distribution franchise of Ajmer circle, Tata Power has formed a special purpose company (SPC), TP Ajmer Distribution Ltd.

Tata Power CEO and MD Anil Sardana said: "We welcome all our customers in Ajmer to a world class reliable power experience that is backed by best-in-class customer service."

The SPC will be operating and maintaining the distribution network in the Ajmer city, which includes city division 1 and 2 areas, and would also be responsible for managing the billing and collections, it said.

of Tata Power were trading at Rs 84.50, up 0.42 per cent on

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

First Published: Fri, April 21 2017. 12:42 IST