In February, Torrent Power had emerged as the highest bidder in the tender for power distribution in the Union Territory of Dadra & Nagar Haveli and Daman & Diu.
In an interview with CNBC-TV18, Power Minister Piyush Goyal discussed the impact of the UDAY initiative that the central government unveiled today that will take the debt off struggling discoms books and transfer them to states' balance sheets.