Tata Power acquired Paradeep Transmission Ltd for Rs 18.64 crore. The deal closed on November 6, 2024. Paradeep Transmission was established to boost transmission services in India. The company was responsible for the Eastern Region Expansion Scheme-XXXIV. This involved a new 190 km transmission line and a substation. The acquisition strengthens Tata Power's position in the Indian power sector.
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