Tata Power bags transmission project LOI worth about 155.78 crore annually from REC arm

Govt Defence OrderBusiness Updates View source PDF Explain this filing

TATAPOWER · price

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.6%-0.2% vs market

Power peers, median of 34sector · industry level+0.7%-0.2% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty 100 and 0.2 pts less than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Tata Power has received a Letter of Intent from REC Power Development and Consultancy Limited, a wholly owned subsidiary of government PSU REC Limited, to acquire Jejuri Hinjewadi Power Transmission Limited, a project special purpose vehicle. The project involves building about 115 km of 400 kV double-circuit transmission line between Jejuri and Hinjewadi with 400 kV GIS bays at both substations, on a Build-Own-Operate-Transfer model. Scheduled commercial operation date is 24 months from SPV transfer, with a 35-year transmission service agreement. Annual Transmission Charges are about 155.78 crore.

Likely market impact

Adds a steady 35-year revenue stream from a government-backed PSU, strengthening Tata Power's transmission business.