Tata Power has successfully completed the acquisition of full ownership of JHPTL (Jharkhand Hydro Power Trading Limited) for a total consideration of ₹24.20 crores. This strategic move represents a significant step in the company's expansion strategy and portfolio strengthening initiatives.

Acquisition Details

The transaction involves Tata Power acquiring complete control of JHPTL, marking another milestone in the company's growth trajectory. The acquisition value of ₹24.20 crores reflects the strategic importance of this investment in the company's overall business portfolio.

Strategic Significance

This acquisition aligns with Tata Power's broader strategy of expanding its operational presence and enhancing its market position in the power sector. By acquiring full ownership of JHPTL, the company gains complete operational control and decision-making authority over the entity's business activities.

The transaction demonstrates Tata Power's commitment to strategic growth through targeted acquisitions that complement its existing business operations and contribute to long-term value creation for stakeholders.

Tata Power Renewable Energy Ltd (TPREL) has secured approval to establish India's largest ingot and wafer manufacturing facility in Andhra Pradesh, marking a significant milestone in the country's solar manufacturing capabilities. The greenfield project represents a substantial investment in domestic renewable energy infrastructure and manufacturing capacity.

Project Overview and Investment Details

The State Investment Promotion Board (SIPB), chaired by Chief Minister Chandrababu Naidu, has cleared the ambitious project for development at the IFFCO Kisan Special Economic Zone in Nellore. The facility will be established on a phased approach with strategic land allocation for future expansion.

Manufacturing Capabilities and Strategic Importance

The facility will produce ingots and wafers, which serve as critical inputs for solar cells, modules, and semiconductor applications. This project aligns with the Government of India's strategic initiative to strengthen domestic manufacturing capabilities and reduce import dependence for essential components in the renewable energy sector.

The establishment of this facility reinforces Andhra Pradesh's position as a leading hub for advanced solar manufacturing. Nellore is rapidly emerging as a solar manufacturing cluster, with several leading renewable energy companies planning or executing large-scale manufacturing projects in the region.

Clean Energy Integration and Infrastructure

As part of its commitment to clean energy, TPREL will establish a 200 MW captive green power plant to supply renewable energy to the facility. This integration ensures that the manufacturing process itself contributes to sustainable energy practices.

Andhra Pradesh's strategic advantages that attracted this investment include:

• Ready-to-use industrial land availability
• Robust infrastructure development
• Excellent port connectivity
• Assured access to green power
• Pro-industry policy framework

Government Support and Future Outlook

IT and Electronics Minister Nara Lokesh welcomed the investment, stating that Andhra Pradesh is proud to host another landmark investment from the Tata Group. He emphasized that this project represents a strong vote of confidence in the state's policy stability, infrastructure readiness, and commitment to clean energy manufacturing.

This project marks TPREL's first manufacturing investment in Andhra Pradesh under its broader renewable energy expansion plans. The Government of Andhra Pradesh continues to enable world-class manufacturing through speedy approvals, plug-and-play infrastructure, and supportive policies, positioning the state at the forefront of India's renewable energy and advanced manufacturing journey.