Tata Power has received a Letter of Intent (LOI) from REC Power Development and Consultancy Limited for the acquisition of Ryapte Power Transmission Limited, a project special purpose vehicle (SPV). The project will be developed on a Build-Own-Operate Transfer (BOOT) basis to provide transmission services for 35 years from the Scheduled Commercial Operation Date (SCOD). REC Power Development and Consultancy Limited is a wholly owned subsidiary of REC Limited.

The scope of the project involves constructing an approximately 250 km line route comprising a 400 kV D/C line, 220 kV D/C line, and 220 kV Underground cable. Additionally, the project includes establishing two greenfield substations: a 5x500 MVA, 400/220 kV AIS substation at Ryapte in Tumkur District and a 3x500 MVA, 400/220 kV GIS substation at Doddathaggalli near Hosakote. The annual transmission charges for the project are ₹521.07 crore.

Project Infrastructure Details

The transmission infrastructure will be developed across specific regions in Karnataka. The line construction includes a 400 kV D/C line from Ryapte AIS Substation to the proposed 400/220 kV Doddathaggalli GIS substation, and another 400 kV D/C line from the existing Kolar substation to the proposed Doddathaggalli GIS substation. The 220 kV components include a D/C line from the proposed Doddathaggalli GIS substation to existing substations at Ekarajapura, Hosakote, and Sarjapura, along with underground cables connecting Doddathaggalli GIS substation to these locations.

Key Contractual Terms

The award has been classified as a domestic order and does not involve related party transactions. The information was disclosed to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Tata Power Company Limited filed its Business Responsibility and Sustainability Report (BRSR) for FY26 with BSE Limited and National Stock Exchange of India Limited. The filing, made on June 10, 2026, discloses an installed and managed capacity of 16.7 GW as of March 31, 2026, comprising thermal, hydroelectric, renewable energy, and waste heat recovery sources. The report highlights that 47% of the company's capacity, in megawatt terms, is attributed to clean and green generation sources including hydro, wind, solar, and waste heat recovery.

The BRSR is prepared pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. TUV India Private Limited provided the Independent Practitioner’s Reasonable Assurance Report for the BRSR Core and Limited Assurance for other indicators. The company reported serving more than 13 million consumers through its distribution companies, operating under public-private partnership models in Delhi and Odisha.

Operational and Financial Metrics

The company reported a turnover of ₹63,681 crore and a net worth of ₹42,153 crore for the financial year. Tata Power’s operations span 19 states and 2 union territories nationally, along with a presence in 7 countries including Bhutan, Indonesia, and South Africa. Exports accounted for 0.3% of the total turnover. The company’s business activities are segmented into generation, renewables, and transmission & distribution, with transmission & distribution contributing 65% to the total turnover.

Workforce and Social Impact

As of the end of FY26, the company employed 23,345 employees and 86,317 workers. The workforce included 52 differently abled employees. Tata Power spent 0.08% of its total revenue on well-being measures for employees and workers. The company’s Corporate Social Responsibility (CSR) initiatives covered 52 lakh beneficiaries across 21 states, utilizing ₹100.54 crore in CSR funds.

Environmental Performance

The company is committed to achieving Net Zero by 2045 and has validated Science Based Targets initiative (SBTi) targets. Tata Power has implemented Zero Liquid Discharge (ZLD) systems at its major thermal power plants and aims to achieve Zero Waste to Landfill by 2030. The report details material issues such as climate strategy, emissions management, and water stewardship, outlining both risks and opportunities associated with the transition to renewable energy.