Torrent Power Announced Takeover of Power Distribution Operations
Torrent Power announced formal takeover of the power distribution operations in the Union Territory of Dadra & Nagar Haveli, Daman and Diu.
April 01, 2022. By News Bureau
Dadra & Nagar Haveli, Daman and Diu is the first Union Territory to be privatized under the Government of India’s ambitious program to privatize the distribution network in Union Territories through a competitive bidding process.
The 1.5 Lacs customers in the Union Territory will now be served by Torrent Power, through the newly formed company – Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation Limited; where Torrent Power will own 51% stake and Hon’ble Administrator of the Union Territory of Dadra & Nagar Haveli, Daman and Diu will own the balance 49% stake.
DNHDD Power Distribution Company will have a customer base of 1.5 lacs, annual sales of 9 billion units of power and annual revenue of about Rs. 4,500 crores.
Speaking on the occasion, Mr. Varun Mehta, Executive Director – Distribution of Torrent Power said “We are pleased to have the opportunity to serve the people of Dadra & Nagar Haveli, Daman and Diu and to bring to them the high standards of reliability and service that Torrent Power stands for. Over the course of the coming months, Torrent Power will strive to bring in a significantly better customer experience through improved reliability, operational efficiency and customer service. With the addition of Dadra & Nagar Haveli, Daman and Diu, Torrent Power has significantly strengthened its leadership position in the Power Distribution sector.”
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