Hirco Developments Pvt. Ltd, announced that it has entered into a MoU with Tata Power for providing power supply solutions and distribution management to residents and tenants of Hirco’s Panvel special economic zone.

Under the arrangement, Tata Power will manage the quality and reliable power distribution system in the Panvel SEZ.

Presently, Hirco is developing an integrated township in Panvel region, which will showcase an ideal mix of modern residential units, offices, school, health care facilities, parks, shopping facilities, entertainment centres and more.

In addition, the combined residential and commercial site is a Special Economic Zone (SEZ), which will provide tax benefits for the occupants.

Hirco Developments acts as the development manager and marketing manager for the current Development Projects of the Hirco Group. The firm is listed in London's Alternative Investment Markets and is a Hiranandani Developers group company.