Tata Power emerges as highest bidder for UP Transco

09 Nov 2021 CW Team

Tata Power Limited has emerged as the highest bidder for the South-East UP Power Transmission Company, bidding for over Rs 3,000 crore to buy the transmission firm under the insolvency process.

On 30 October, Tata Power submitted its final bid through Resurgent Power Ventures.

The final bids were also submitted by Adani Group, Sterlite Power, Power Grid Corporation of India Limited, and REC Power Development and Consultancy Limited.

An executive officer said on behalf of the lenders that the company would go forward with the Tata Power bid as it provides the best offer.

Sources told the media that the lenders will vote on Tata Power and then approach their respective boards for final approval. Tata Power may get two-thirds of the vote required to declare it as the winning bidder.

All the dues will be recovered from Rural Electrification Corporation, Power Finance Corporation, Bank of India and Axis Bank.

All the other bidders have been given a second chance to modify and better their initial offer.

The UP Transco is under the Insolvency and Bankruptcy Code (IBC) proceedings by the National Company Law Tribunal (NCLT).

An invitation was issued by Deloitte on 18 February to submit an Expression of Interest (EoI) to buy the company. The other big four auditors are advising the lenders on the sale process.

In July 2011, Isolux Corsan had won 35 years of the contract to build and operate a power transmission network in UP across 1,600 km. The company took loans of Rs 3,100 crore from local lenders to finance the project, but due to its financial crunches, it ended up filing for bankruptcy.

The Indian lenders had acquired the local facility and approached NCLT to begin sale processes to recover the loans.

Image Source

Also read: EESL awards orders worth Rs 538 cr to Tata Power

Infrastructure Urban

13 Mar 2026

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..