The Competition Commission of India (CCI) has cleared Tata Power Company’s acquisition of 51 per cent stake each in three state power discoms in Odisha.
Tata Power had proposed to buy stakes in Western Electricity Supply Company of Odisha Limited (WESCO), Southern Electricity Supply Company of Odisha Limited (SOUTHCO) and Central Electricity Supply Company of Odisha Limited (CESCO). The deal comes after separate competitive bidding processes initiated by the Odisha Electricity Regulatory Commission (OERC).