 "power, electricity, IIP, demand, discoms, distribution, companies, firms, transmission, transformer, workers")
Shares of Tata Power surged around 8 per cent after the company announced June quarter (Q1) results and the merger of its subsidiaries, a step towards simplifying its holding structure.
The company expects the merger of subsidiaries such as Coastal Gujarat Power (CGPL), Tata Power Solar Systems (TPSSL), and Af-Taab Investment Company (AfTaab) with the parent to lead to greater synergies in financing, compliance, and oversight. Analysts say the much-needed simplification is a positive, and the merger of the 4,000-megawatt Mundra UMPP (CGPL) will also bring in incremental financial and tax efficiencies. While they are watchful of the benefits of
