Deals29 Apr 2025, 05:31 pm
MERC Approves Power Purchase Agreement Between Tata Power and CESC Subsidiary
AI Summary
The Maharashtra Electricity Regulatory Commission (MERC) has approved the Power Purchase Agreement between The Tata Power Company Limited and Dhariwal Infrastructure Limited, a wholly-owned subsidiary of CESC Limited. The agreement is for the procurement of 7SMW power on a medium-term basis through a competitive bidding process. The agreement is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- MERC approves Power Purchase Agreement between Tata Power and CESC subsidiary
- Agreement for procurement of 7SMW power on medium-term basis
- Competitive bidding process
- Compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015