Tata Power Company Limited has informed the Exchange about Rumour Verification - Regulation 30(11)
TATAPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tata Power confirmed media reports about a Power Purchase Agreement (PPA) with the Gujarat Government for its Mundra Power Plant. The Gujarat cabinet has approved the Supplementary PPA and a Government order has been issued in this regard. The company stated that after receiving regulatory clearances, Tata Power and Gujarat Urja Vikas Nigam Limited (GUVNL) will formally sign the agreement. This filing is a rumour verification under SEBI Regulation 30(11), meaning the exchange had asked the company to clarify the media coverage. The Mundra plant has historically been a loss-making asset for Tata Power due to high imported coal costs, so a supplementary PPA is a significant development for the plant's viability.
Positive for shareholders — a supplementary PPA with Gujarat could meaningfully improve the economics of the Mundra plant, which has been a persistent drag on Tata Power's profitability. However, the deal is not yet signed and remains subject to regulatory clearances, so the actual benefit will depend on PPA terms and tariff structure.