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.

Tata Power will participate in a one-to-one physical meeting with institutional investors in Singapore on June 25, 2026. The company confirmed that no unpublished price-sensitive information will be conveyed during these engagements with analysts or institutional investors.

The meeting is subject to scheduling revisions due to unforeseen circumstances involving either the investors or the company. This disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Vispi S. Patel, Company Secretary and FCS 7021, signed the intimation on behalf of The Tata Power Company Limited. The information is also available on the company's website.