Tata Power was interested in acquiring the licence to distribute electricity in state capital Ranchi and the Adityapur Industrial Area (AIA) in Singhbhum.
The power utility giant may invest in generating if these areas were handed over, said sources. TPL will submit its proposal to the state government shortly.
Adityapur accounts for 50 per cent of the total revenue collection of JSEB, while the state capital accounts for 25 percent of the board