The Tata Power on Friday announced that it has taken over the managements and operations of Wesco and Southco upon completion of sale process. Now, these two discoms would operate under the name of TP Western Odisha Distribution Limited (TPWODL) and TP Southern Odisha Distribution Limited (TPSODL), respectively. As per an order issued by the Odisha Electricity Regulatory Commission (OERC), the Tata Power holds 51% of equity with management control and the State-owned GRIDCO would have 49% equity stake in both discms.