Tata Power has announced receiving a Letter of Intent (LOI) from REC Power Development and Consultancy Limited for a significant power transmission project acquisition. The disclosure was made on December 11, 2025, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Project Acquisition Details

The Letter of Intent pertains to the acquisition of Jejuri Hinjewadi Power Transmission Limited, which operates as a project special purpose vehicle (SPV). REC Power Development and Consultancy Limited, a wholly owned subsidiary of REC Limited, has awarded this project to Tata Power.

Technical Specifications and Scope

The project involves comprehensive transmission infrastructure development between two key locations in Maharashtra. The technical scope includes construction of approximately 115 km of 400kV double-circuit overhead transmission lines connecting Jejuri and Hinjewadi.

Additionally, the project encompasses:

• Extension of 400kV GIS line bays at substations in both Jejuri and Hinjewadi locations
• Construction and commissioning of 400kV double-circuit overhead transmission lines
• Complete transmission infrastructure setup for reliable power connectivity

Project Timeline and Operational Framework

The transmission project operates under a structured timeline with specific operational commitments. The Scheduled Commercial Operation Date (SCOD) is set for 24 months from the effective date of SPV transfer, providing a clear execution roadmap.

Strategic Significance

This acquisition represents Tata Power's continued expansion in the transmission sector, focusing on critical infrastructure development. The 35-year transmission service agreement provides long-term revenue visibility and strengthens the company's position in Maharashtra's power transmission network.

The project connects two important industrial and urban centers, potentially enhancing power supply reliability and grid stability in the region. The Build-Own-Operate-Transfer model ensures comprehensive project lifecycle management under Tata Power's operational expertise.

Regulatory Compliance

Tata Power has fulfilled all disclosure requirements under SEBI regulations, with detailed project information made available on the company's official website. The transaction does not involve any related party considerations, and no promoter or group company interests are present in the awarding entity.

Tata Power , a leading integrated power company in India, has made significant progress in reviving its Mundra Ultra Mega Power Project (UMPP). The company has informed stock exchanges that it continues taking requisite measures to resume operations at its temporarily suspended Mundra units.

Key Highlights

• Tata Power anticipates operations will restart tentatively by December 31, 2025, following the suspension that began in October 2025.
• The company and the Gujarat State Government have reached an initial agreement on a supplementary power purchase deal for the Mundra UMPP.
• The Mundra UMPP is a significant project in Gujarat's power sector landscape.

Implications of the Agreement

This development marks a crucial step forward for Tata Power's Mundra UMPP, which has faced challenges in recent years. The supplementary power purchase agreement could potentially address some of the economic viability concerns that have affected the project.

Looking Ahead

While the agreement is still in its initial stages, it represents a positive move towards resolving the issues surrounding the Mundra UMPP. The potential restart of operations by December 31, 2025, could have significant implications for both Tata Power and Gujarat's power sector.

Investors and industry observers will likely keep a close watch on further developments regarding this agreement and its implementation. The successful revival of the Mundra UMPP could contribute to strengthening Tata Power's position in India's power generation sector.

It's important to note that the restart of operations is subject to the finalization of the agreement and other potential regulatory approvals. Stakeholders should await further official communications from Tata Power and the Gujarat State Government for more detailed information on the terms of the agreement and the project's future.