Tata Power signed the Distribution Franchise Agreement (DFA) with AVVNL to cater to power requirements of customers in Ajmer for a period of 20 years, Tata Power 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."
Shares of Tata Power were trading at Rs 84.50, up 0.42 per cent on BSE.
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