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Aug 29, 2014
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Tata Power to spend Rs 2,200 cr till FY19 to enhance its Mumbai infrastructure
Tata Power estimates it will incur capital expenditure of over Rs 2,200 crore till FY19 for its Mumbai operations as it enhances network and supply infrastructure, according to plan documents submitted with the state electricity regulator.On August 15, the company was awarded a licence that extended its distribution area to south Mumbai, where previously Brihanmumbai Electric Supply & Transport Undertaking, a municipal body, had monopoly.
Source -
http://www.financialexpress.com
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