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Adani, Tata, six more eye 51% stake in two UP discoms
Hindustan Times Noida
|June 05, 2025
At least eight companies, including Adani Group, Tata Power Ltd and Greenko Group, are eyeing a majority stake in two Uttar Pradesh electricity distribution companies in the largest such privatization in the sector, said three people aware of the developments.
NEW DELHI:
Sterlite Power Ltd's Serentica Renewables, Torrent Power Ltd, ReNew Energy Global Plc, RP-Sanjiv Goenka Group's CESC Ltd, and a GMR and Électricité de France (EDF) consortium are also interested in acquiring UP government's 51% stake each in Purvanchal Vidyut Vitran Nigam Ltd (PUVVNL) and Dakshinanchal Vidyut Vitran Nigam Ltd (DVVNL), the people said on the condition of anonymity.
The request for proposal (RFP), a formal document to solicit bids, is likely to be floated by July.
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