Moneycontrol
Get App
you are here: HomeNewsBusiness
Last Updated : May 13, 2019 05:40 PM IST | Source: PTI

Tata Power, Mahanagar Gas ink pact to offer various services

The memorandum of understanding (MoU) was signed by MGL Managing Director Sanjib Datta and Tata Power CEO and Managing Director Praveer Sinha, in Mumbai.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Tata Power May 13 said it has inked an initial pact with Mahanagar Gas Ltd to provide various services including e-mobility. The MoU facilitates both companies to explore cooperation in Common Utility Revenue Cycle Management and Customer Management Solutions, IT Solutions, Data Analytics, Geographical Information System (GIS) based solutions SCADA systems, a Tata Power statement said.

Besides, the two companies will explore common safeguard activities for underground assets, solar rooftop initiatives and setting up of commercial-scale charging and/or battery swapping stations for electric vehicles, with the allied power management solutions.

The memorandum of understanding (MoU) was signed by MGL Managing Director Sanjib Datta and Tata Power CEO and Managing Director Praveer Sinha, in Mumbai.

Close

"This strategic alliance with Tata Power will provide us an opportunity to explore joint synergies and foray into emerging e-mobility business in the Indian mobility space, where we are already a significant player by supplying CNG for various vehicle segments," Datta said.

MGL is one of the largest city gas distribution companies in India.

Subscribe to Moneycontrol Pro and gain access to curated markets data, exclusive trading recommendations, independent equity analysis, actionable investment ideas, nuanced takes on macro, corporate and policy actions, practical insights from market gurus and much more.
First Published on May 13, 2019 05:38 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant