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Tata Power and Mahanagar Gas have signed a memorandum of understanding to explore synergies of operation in integrated customer services, foray into emerging e-mobility business and other value-added services of common interest. The MoU facilitates both companies to explore the possibilities of co-operation in common utility revenue cycle management and customer management solutions, IT solutions, data analytics, geographical information system-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. Shares of Tata Power closed 1.96 per cent lower at ₹62.65 on the BSE while those of Mahanagar Gas slumped 3.96 per cent at ₹853.85.
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