Tribunal rejects BEST plea against Tata Power

The Tribunal for Electricity has rejected BEST plea against Tata Power [stockquote]TATAPOWER[/stockquote],  which seeks to allow the private player to supply power in south Mumbai, and to develop its distribution system.

Appellate Tribunal upheld the order of Maharashtra Electricity Regulatory Commission (MERC) allowing Tata Power to lay down its own network in south Mumbai and supply power to consumers. Prior to these, BEST used to enjoy monopoly in city.