Tata Power Company completed the acquisition of a 51% stake in North Eastern Electricity Supply Company of Odisha.

Tata Power Company, India’s largest integrated power utility, completed the acquisition of a 51% stake in North Eastern Electricity Supply Company of Odisha, an electricity transmission company. Financial terms were not disclosed. "It is a proud moment for us that on the auspicious occasion of “Utkal Diwas ‘, we have taken over the operations of NESCO in State of Odisha. We are committed to provide reliable, affordable and quality power supply along with superior customer service. We are thankful to the Odisha Government and OERC (Odisha Electricity Regulatory Commission) for giving us this opportunity and reaffirm Tata Power’s commitment of ‘Lighting up Lives’ for the people of Odisha," Praveer Sinha, Tata Power CEO and MD.