New Delhi, 13th May, 2019: Tata Power and Mahanagar Gas Limited (MGL), one of India's leading city gas distribution companies, have signed a Memorandum of Understanding (MoU) to explore synergies of operation in integrated customer services, foray into emerging e-mobility business and other value-added services of common interests. The MoU was signed by Sanjib Datta, Managing Director, MGL and Praveer Sinha, CEO & Managing Director, Tata Power in Mumbai.
“We are happy to announce our partnership with MGL. This is yet another significant move by Tata Power to offer a wide range of services to the Indian energy consumers, particularly in customer management solutions, IT solutions, data analytics, geographical information system (GIS) based solutions SCADA systems; common safeguard activities for underground assets, solar rooftop initiatives and e-mobility space which, we foresee as how India will move its people and goods in future,” expressed Sinha.
The MoU facilitates both the companies to explore possibilities of co-operation in common utility revenue cycle management and customer management solutions, IT solutions, data analytics, geographical information system (GIS) based solutions SCADA systems; 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.
“At a time when MGL is entering the 25th year of its operations of providing environment-friendly CNG & PNG to Mumbai and its surrounding areas, we are exploring business opportunities beyond gas. 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,” said Datta.