The Southern Electricity Supply Company Of Orissa Limited (SOUTHCO) was incorporated on 19-11-1997 under the Companies Act,1956 as a Public Limited Company. The Company started functioning with effect from 26-11-1998, under the distribution and retail supply license of GRIDCO, after notification in the official gazette by the Govt. of Orissa. SOUTHCO received the Distribution and Retail Supply license from Orissa Electricity Regulatory Commission (OERC) for distribution and retail supply of electricity in the Southern Orissa, consisting of districts of Ganjam, Gajapati, Rayagada, Koraput, Phulabani, Kandhamal, Nawrangpur, Malkangiri, and Puri (some parts) with effect from 01-04-1999. By virtue of Power Sector reform in Orissa, SOUTHCO became a subsidiary of BSES Limited, Mumbai on 1st April, 1999 by acquisition of 51% of the shareholding of the Company by BSES Limited. The Company has authorised and paid up capital of Rs.37.66 crores.
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