North Eastern Electricity Supply Company of Orissa Limited (NESCO) was incorporated on 19.11.1997 under the Companies Act, 1956. It has taken over the Business of “ Distribution and Retail Supply of Electricity” in the North Eastern Zone of the Orissa of GRIDCO, comprising the Districts of Balasore, Mayurbhanj, Keonjhar, Jajpur, and Bhadrak.

Pursuant to the Orissa Electricity Reforms Act 1995 and Orissa Electricity Reforms (Transfer of Assets, Liabilities, Proceedings and Personnel of GRIDCO to Distribution Companies) Rules 1998, in the year 1998 all the assets of GRIDCO pertaining to the distribution business and distribution undertaking in the North Eastern Zone of GRDICO was transferred to NESCO vide Orissa Gazette Notification Published vide S.r.No. 750/98 dated 26/11/1998 and NESCO started its business operation on and from that date.