Tata Power issued a clarification, saying that no official was involved in the bribery case | Daily News Byte

“Tata Power has clarified that no Tata Power officials were involved in the bribery case involving Power Grid Corporation of India, being investigated by the CBI. Several media reports have mentioned Tata Power’s name in the alleged case,” a Tata Power spokesperson said in a tweet.

On Thursday, the CBI arrested Power Grid Corporation of India executive BS Jha and five officials. Those arrested are Bimlendu Shekhar Jha, Managing Director, Power Grid Corporation of India, Itanagar, Desh Raj Pathak, Executive Vice President & Head (Transmission & Distribution), Tata Projects Limited, RN Singh, Assistant Vice President & Business Head- Distribution, Tata Projects, Nafeej Hussain Khan, RPM , M/s. Tata Projects, and two other employees of Tata Projects, Randheer Kumar Singh and Sandeep Kumar Dubey, the official said.

The arrests came after searches were conducted at 11 locations of the accused officials. Located in Gurugram, Noida, Ghaziabad leading to the recovery of documents, materials, digital devices and more. Cash approx ₹The investigative agency discovered more than 93 million people from Jha’s residence.

In other news, Tata Power plans to use capital of ₹75,000 crore in the renewable energy space over the next five years.

Speaking at the annual general meeting of the company, the president of Tata Power Natarajan Chandrasekaran said: the company continues There is an active and realistic focus to achieve the renewable energy target that has been set and increased the capacity. Produced again 707 MW in 2225.