CESC subsidiary set to acquire Chandigarh's power discom

06 Aug 2021 CW Team

According to sources of Mercom, Torrent Power, National Thermal Power Corporation Limited (NTPC Ltd), and ReNew Power had placed bids of Rs 6.06 billion, Rs 5.63 billion, and Rs 5.51 billion, each, in the competitive bidding process. While the Adani Group, Tata Power, and Sterlite Power had placed Rs 4.71 billion, Rs 4.26 billion, and Rs 2.01 billion, respectively.

CESC is the flagship company of the RP-Sanjiv Goenka Group, incorporated in 1978. The group into electricity generation and distribution. CESC is the electricity sole distributor within the 567 sq km region in Kolkata and Howrah and serves 2.9 million customers.

This decision comes after another successful discom privatisation deal closed in January this year, when Tata Power took over the management of Western Electricity Supply Company of Odisha Ltd (WESCO) and Southern Electricity Supply Company of Odisha (SOUTHCO).

The Chandigarh Administration had issued a request for proposal, inviting bidders to acquire its discom in November 2020, following the proposal of the Ministry of Finance to privatise discoms in the union territories of the country.

The High Court of Punjab and Haryana issued a stay order on the proposal of the central government to privatise discom in Chandigarh in December 2020.

The UT Powermen Union Chandigarh had filed a petition in the High Court, calling the step wrong and illegal as the discom has been operating in profits and observed surplus revenue for the last three years.

The High Court, in its order, had said that the matter required further deliberation and that it would be brought up for hearing within six months.

Image Source

Also read: Govt issues detailed guidelines to revamp discoms

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Kolkata-based Eminent Electricity Distribution Limited, a subsidiary of Calcutta Electricity Supply Corporation (CESC), has quoted the highest bid of Rs 8.71 billion to acquire a 100% equity stake in Chandigarh's power distribution company (discom). According to sources of Mercom, Torrent Power, National Thermal Power Corporation Limited (NTPC Ltd), and ReNew Power had placed bids of Rs 6.06 billion, Rs 5.63 billion, and Rs 5.51 billion, each, in the competitive bidding process. While the Adani Group, Tata Power, and Sterlite Power had placed Rs 4.71 billion, Rs 4.26 billion, and Rs 2.01 billion, respectively. CESC is the flagship company of the RP-Sanjiv Goenka Group, incorporated in 1978. The group into electricity generation and distribution. CESC is the electricity sole distributor within the 567 sq km region in Kolkata and Howrah and serves 2.9 million customers. This decision comes after another successful discom privatisation deal closed in January this year, when Tata Power took over the management of Western Electricity Supply Company of Odisha Ltd (WESCO) and Southern Electricity Supply Company of Odisha (SOUTHCO). The Chandigarh Administration had issued a request for proposal, inviting bidders to acquire its discom in November 2020, following the proposal of the Ministry of Finance to privatise discoms in the union territories of the country. The High Court of Punjab and Haryana issued a stay order on the proposal of the central government to privatise discom in Chandigarh in December 2020. The UT Powermen Union Chandigarh had filed a petition in the High Court, calling the step wrong and illegal as the discom has been operating in profits and observed surplus revenue for the last three years. The High Court, in its order, had said that the matter required further deliberation and that it would be brought up for hearing within six months. Image Source Also read: Govt issues detailed guidelines to revamp discoms

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..