CCI approves Summit’s 23.5 per cent acquisition of ONGC Tripura Power Company

The Competition Commission of India (CCI) has approved Summit India (Tripura)’s acquisition of 23.5 per cent stake in ONGC Tripura Power Company Limited.

ONGC Tripura Power Company operates a 726.6 MW natural gas-based power plant in Palatana, Tripura. It is fully operational and supplies power to the north-east region. Summit India (Tripura) plans to bring in best practices to ONGC Tripura Power Company.

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