Tata Power Gets LoI for 400 kV Maharashtra Line
POWER & RENEWABLE ENERGY

Tata Power Gets LoI for 400 kV Maharashtra Line

Tata Power Company said it has received a letter of intent from REC for the acquisition of Jejuri Hinjewadi Power Transmission, a special purpose vehicle set up to develop a key 400 kV transmission corridor in Maharashtra.

The project will be executed on a Build-Own-Operate-Transfer basis, with the SPV providing transmission services for 35 years. It involves construction of around 115 kilometres of 400 kV double-circuit transmission line between Jejuri and Hinjewadi, along with extension of 400 kV GIS line bays at both substations. The approved annual transmission charge for the project is Rs 1.56 billion, and the corridor is expected to be operational within 24 months from the date of SPV transfer.

Tata Power is engaged across the power value chain, including generation, transmission and distribution, and is progressively shifting its portfolio towards renewable energy. The company also manufactures solar rooftop systems and plans to set up 100,000 electric vehicle charging stations by 2025, positioning itself as India’s largest vertically integrated power utility.

In the second quarter of FY26, Tata Power reported a marginal decline in consolidated net profit of 0.8 per cent to Rs 9.19 billion, while revenue from operations fell 1 per cent year on year to Rs 155.45 billion. Shares of Tata Power ended 0.18 per cent higher at Rs 380.80 on the BSE.

Tata Power Company said it has received a letter of intent from REC for the acquisition of Jejuri Hinjewadi Power Transmission, a special purpose vehicle set up to develop a key 400 kV transmission corridor in Maharashtra. The project will be executed on a Build-Own-Operate-Transfer basis, with the SPV providing transmission services for 35 years. It involves construction of around 115 kilometres of 400 kV double-circuit transmission line between Jejuri and Hinjewadi, along with extension of 400 kV GIS line bays at both substations. The approved annual transmission charge for the project is Rs 1.56 billion, and the corridor is expected to be operational within 24 months from the date of SPV transfer. Tata Power is engaged across the power value chain, including generation, transmission and distribution, and is progressively shifting its portfolio towards renewable energy. The company also manufactures solar rooftop systems and plans to set up 100,000 electric vehicle charging stations by 2025, positioning itself as India’s largest vertically integrated power utility. In the second quarter of FY26, Tata Power reported a marginal decline in consolidated net profit of 0.8 per cent to Rs 9.19 billion, while revenue from operations fell 1 per cent year on year to Rs 155.45 billion. Shares of Tata Power ended 0.18 per cent higher at Rs 380.80 on the BSE.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement