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Tata Power Company signs Distribution Franchisee Agreement with Ajmer Vidyut Vitran Nigam

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Capital Market
Last Updated : Jun 08 2017 | 3:28 PM IST

Forms SPV - TP Ajmer Distribution

Tata Power Company announced that it has signed a Distribution Franchisee Agreement with Ajmer Vidyut Vitran Nigam to cater to the power requirements of customers in Ajmer for a period of 20 years.

To serve the purpose, Tata Power has formed a special purpose vehicle - TP Ajmer Distribution, which will be responsible for operating and maintaining the distribution network in Ajmer City. It will also be responsible for managing the billing and collections.

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First Published: Jun 08 2017 | 3:02 PM IST

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