Tata's Jusco is expanding water business
Daily News & Analysis — August 25, 2006

Jamshedpur Utilities & Service Company (Jusco) plans to tap the water supply management business in Haldia, Delhi, Kolkata, Mumbai and Bangalore as and when the cities open up their water supply service for private participation. Jusco managing director Sanjiv Paul said the company was looking at tapping the opportunities in the water and sewage business that are expected to be thrown open by the Jawaharlal Nehru Urban Renewal Mission (JNURM). The wholly owned subsidiary of Tata Steel, which provides municipal infrastructure to Jamshedpur city, has applied for a licence to supply power outside Jamshedpur to the adjoining Adityapur area in Jharkhand.

Once the company receives approval from the state electricity regulator, it will become the second entity, after Jharkhand State Electricity Board (JSEB), to supply power in the area. Speaking to reporters, Paul said the company has decided to move outside Jamshedpur limits, since it was contiguous to the company's business. Jusco, created in 2004, by hiving off two divisions of Tata Steel, recently won the bid to develop and manage a special economic zone in Adityapur, along with construction major Gammon. Jusco provides municipal services within the 16,000-acre area of the Jamshedpur township.