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Tata Power said on Monday that it received a letter of intent (LoI) for a power distribution licence in Odisha’s five circles.
The company aims to grow its power distribution business fourfold in the next three years.
“The Odisha Electricity Regulatory Commission (OERC) awarded the LoI to The Tata Power Company, informing the company’s selection as the successful bidder to own the licence for the distribution and retail supply of electricity in Odisha’s five circles,” said the company in its statement.
The five circles together fall under the ambit of the Central Electricity Supply Utility of Odisha (CESU).
The five circles will add 2.5
