Tata power takes over management and operations of NESCO

Tata Power has taken over the management and operations of North Eastern Electricity Supply Company of Odisha (NESCO) from April 1, 2021. The utility will now operate under the company name TP Northern Odisha Distribution Limited (TPNODL).

Tata Power holds 51 per cent of equity with management control and the state-owned GRIDCO will have 49 per cent equity stake in the company. TPNODL will be responsible for the distribution and retail supply of electricity in five circles of Balasore, Bhadrak, Baripada, Jajpur and Keonjhar districts in Odisha.