Tata Power has completed the acquisition of 100% equity stake in Jejuri Hinjewadi Power Transmission Limited (JHPTL) for ₹2.42 crore on January 9, 2026. The company disclosed this development under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, following the signing of the Share Purchase Agreement.

Acquisition Details

The transaction involves the complete takeover of JHPTL, a project special purpose vehicle established specifically for transmission services. The acquisition was structured as a cash transaction, with Tata Power purchasing the entire equity stake for the stated consideration amount.

Project Scope and Infrastructure

JHPTL was incorporated on March 28, 2025, as a special purpose vehicle to establish transmission infrastructure on a Build-Own-Operate-Transfer basis. The project encompasses significant transmission infrastructure development between two key locations.

The transmission system includes:

• Construction of approximately 115 km of 400 kV double-circuit transmission line
• Connection between Jejuri and Hinjewadi substations
• Extension of 400 kV GIS line bays at both substation locations
• Comprehensive transmission service provision

Regulatory Approvals and Timeline

The acquisition has received necessary regulatory clearances, with the Ministry of Power approving the share transfer of JHPTL. This regulatory approval was crucial for completing the transaction and ensuring compliance with power sector regulations.

Strategic Impact

The acquisition aligns with Tata Power's transmission business objectives, allowing the company to establish and operate transmission infrastructure through the Build-Own-Operate-Transfer model. The scheduled commercial operation date is set for 24 months from the date of SPV acquisition, indicating a clear timeline for project implementation.

This transaction represents Tata Power's continued expansion in the transmission segment, focusing on critical infrastructure development that will enhance power connectivity between Jejuri and Hinjewadi regions. The acquisition does not involve any related party transactions and was conducted at arm's length basis.

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.