Tata Power, leading India-based major Integrated Power Utility has announced that it has inked Memorandum of Understanding (MoU) with Multi Commodity Exchange (MCX).

MCX is India's leading commodity exchange. The sources informed that through this tie-up, the benefit of futures price information will be dispersed to more than 2000 farmers spread across 25 villages of Maharashtra where Tata Power has located its project as well as Corporate Social Responsibility (CSR) activity.

Source added that the aim of this association is to enhance availability of spot and future prices of agricultural commodities traded on MCX as well as advisory services of water shed management by Tata Power.

Through this information, farmers can take right decisions for the selection of crop and can decide the time to sell their produce.

As per official sources, the collaboration will introduce in Maval and Mulshi area around Pune during the month of October 2009.
 
Under this project, MCX will manage capacity and awareness building programs for farmers, and also offer all the study material as well support in price information dissemination & other related activities.

Tata Power will supply all the financial as well as logistics support for the project and will hire village level representatives to disseminate information and ensure that the information is latest and sustained.