The union territory of Dadra and Nagar Haveli and Daman and Diu has invited bids to acquire a 51 per cent stake in its distribution company (discom), responsible for the distribution and retail supply of electricity. Â
The last date to submit the bids is January 15, 2021, and the pre-bid meeting will take place on December 18, 2020. Interested bidders will have to submit an amount of Rs 300 million (~$4.06 million) as the bid security amount. This announcement comes even as the High Court of Punjab and Haryana issued a stay order on the Central Government’s proposal to privatise Chandigarh’s electricity distribution company.