Announced Fri, 19 Jun · 10:44 IST
Tata Power bags 35-year Karnataka transmission order, 521 cr annual revenue
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TATAPOWER · price
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Price reaction · full curve 14 horizons · vs prior close
+0.7%1-day move
₹402.85
prior close
₹401.70
base price
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AI summary
Tata Power has received a Letter of Intent from REC Power Development and Consultancy, a subsidiary of REC Limited, to acquire Ryapte Power Transmission SPV. The project involves building about 250 km of 400 kV and 220 kV transmission lines plus two new substations in Karnataka on a Build-Own-Operate-Transfer basis. Annual transmission charges are 521.07 crore for 35 years, with commercial operation targeted 30 months from SPV transfer.
Likely market impact
Adds a steady long-term revenue stream and expands Tata Power's transmission portfolio, though order size is small relative to its overall business.