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Consumer interest top priority in Tata, Adani's stake sale: Gujarat govt

Both Tata and Adani are planning to sell 51% stake to state utility Gujarat Urja Vikas Nigam Limited

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Upholding consumer interests will be the top priority while evaluating stake purchase of independent power producers (IPPs) Tata and Adani's power plants in the state, a senior Gujarat government official said on Friday.

Speaking on the sidelines of the Servo Oil, Gas and Fertilizer Meet, Sujit Gulati, additional chief secretary — energy and petrochemicals, Government of Gujarat — said that top lender State Bank of India (SBI) was spearheading the deal talks where both the players have offered 51 per cent stake sale to state utility Gujarat Urja Vikas Nigam Limited (GUVNL).

"The valuations are done by expert agencies. SBI

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