On June 5, 2025, India sees its largest electricity distribution privatization move as eight major companies including Adani Group and Tata Power show interest in acquiring a 51% stake in two state-run power distribution companies in Uttar Pradesh, signaling a significant shift in the country’s energy sector.
India is witnessing its largest electricity distribution privatization initiative as eight major energy players, including Adani Group and Tata Power, are preparing to bid for a 51% stake in two Uttar Pradesh-based power distribution companies—Purvanchal Vidyut Vitran Nigam Ltd (PUVVNL) and Dakshinanchal Vidyut Vitran Nigam Ltd (DVVNL).
Tata Power, one of India’s leading integrated power companies, had earlier confirmed in May 2025 that it plans to expand its electricity distribution footprint by bidding for these state-run utilities once tenders are issued. The Adani Group, a multinational conglomerate with diversified interests across transport, energy, and infrastructure, is also reported to be in the race along with CESC (RP-Sanjiv Goenka Group).
Other contenders include Greenko Group, Serentica Renewables (Sterlite Power), Torrent Power, ReNew Energy Global Plc, and a joint consortium of GMR Group and Électricité de France (EDF).
The transaction, reportedly being managed by Grant Thornton Bharat LLP, involves distribution firms that together generate an annual revenue of around ₹50,000 crore (approx. USD 6 billion). According to sources cited in the report, the Request for Proposal (RFP) for the bidding process is likely to be floated by July 2025, with deal finalizations expected by Diwali.
The initiative is part of the Uttar Pradesh government’s broader strategy to modernize power infrastructure and improve distribution efficiency. Once completed, this move could significantly reshape the power distribution landscape in India, bringing in more private sector expertise and investment.
