We wish to inform that The Tata Power Company Limited has signed the Share Purchase Agreement ( SPA ) and acquired 100% equity stake in Jejuri Hinjewadi Power Transmission Limited (JHPTL), a project special purpose vehicle( SPV ).
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Tata Power has signed a Share Purchase Agreement and completed the acquisition of 100% equity stake in Jejuri Hinjewadi Power Transmission Limited (JHPTL), a special purpose vehicle (SPV) set up for a power transmission project. The acquisition was done for a cash consideration of ₹2.42 crore, with all regulatory approvals including from the Ministry of Power already in place. JHPTL was formed in March 2025 and will undertake a Build-Own-Operate-Transfer (BOOT) project involving the construction of approximately 115 km of 400 kV double-circuit transmission line between Jejuri and Hinjewadi, along with substation extensions. The scheduled commercial operation date is 24 months from the date of acquisition, i.e., around January 2028.
This acquisition strengthens Tata Power's presence in the power transmission segment and adds a new BOOT-based infrastructure project to its portfolio. While the deal size is small (₹2.42 crore upfront), the underlying transmission project is sizeable and will contribute to the company's transmission business over the medium term. The transaction is unlikely to cause any major stock movement given the modest acquisition cost.