Tata Power to acquire 40% stake in SPV for 1125 MW Bhutan hydro project

Listed Co AcquisitionMarquee Jv AnnouncedStrategic Transactions View source PDF Explain this filing

TATAPOWER · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.6%Reaction day

₹395.50

prior close

₹390.00

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.6%-2.2% vs market

Power peers, median of 35sector · industry level+0.3%-1.9% vs sector

On the reaction day the stock moved 2.2 pts less than Nifty 100 and 1.9 pts less than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.4

10m

+0.7

15m

+0.5

30m

+1.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.6+0.6-2.2+0.3-1.9

Next day

-1.7+0.6-2.3+0.2-1.9

-1.7+0.7-2.5+0.3-2.0

-0.7+1.1-1.8-0.3-0.4

-2.1+0.7-2.8-1.4-0.8

-1.6+1.1-2.8-0.9-0.8

-2.2+1.0-3.1-2.2+0.0

15d

-2.9+0.6-3.5-5.8+2.9

-3.5+0.9-4.3-6.4+2.9

-6.4+0.1-6.5-7.8+1.4

-4.0+0.4-4.5-10.0+6.0

UpDownMarket · Nifty 100Sector · Power peers, median of 35Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Tata Power will acquire 40 percent equity stake in a new SPV with Druk Green Power Corporation (Bhutan) for about 1,572 crore rupees. The SPV will develop a 1,125 MW Dorjilung hydro power project in Bhutan at an estimated cost of 13,100 crore rupees. Cash deal, first tranche within 6 months. Not a related party transaction; no Indian approvals needed. Supports Tata Power's clean energy transition.

Likely market impact

Expands Tata Power's clean energy portfolio with a large Bhutan hydro project; moderate cash outflow of about 1,572 crore rupees.