Tata Power has forged a strategic alliance with the University of Warwick to accelerate innovation in new energy systems and sustainable power solutions. The partnership, formalized through a Memorandum of Understanding signed on February 25, 2026, represents a significant step toward advancing India's clean energy transition through collaborative research and development.

Strategic Partnership Framework

The collaboration between Tata Power and the University of Warwick encompasses multiple critical areas of energy innovation:

The partnership will also explore industry-aligned executive education programmes, capability development initiatives, exchange opportunities, technical workshops, and joint case study development.

Leadership Perspectives

Dr. Praveer Sinha, CEO and Managing Director of Tata Power and Honorary Professor at WMG, emphasized the company's commitment to transforming India's energy landscape. He highlighted Tata Power's vision to empower a billion lives through sustainable, affordable, and innovative energy solutions, noting that the partnership with the University of Warwick will accelerate these ambitions.

Professor Stuart Croft, Vice-Chancellor and President of the University of Warwick, stated that the partnership marries academic excellence with leading industry expertise to advance a more sustainable future. The collaboration leverages the University's world-leading research capabilities in energy systems and sustainability.

Research and Innovation Focus

The agreement builds upon decades of expertise established at Warwick Manufacturing Group (WMG) and the School of Engineering. The University has announced a renewed focus on energy systems to support this partnership, spanning research from semiconductors to full energy systems.

Key Research Areas

• Power electronics, machines and drives (PEMD)
• Circular materials and battery innovation
• Wind energy and renewable integration
• Artificial intelligence applications in energy
• System-level decarbonisation approaches

Professor David Towers, Head of the School of Engineering, highlighted the application of artificial intelligence-enabled modelling and control techniques to enhance system stability, resilience, and efficiency across national, regional, and microgrid-scale infrastructures.

Company Portfolio and Sustainability Goals

Tata Power operates a diversified portfolio of 16.3 GW spanning the entire power value chain, from renewable and conventional energy generation to transmission, distribution, trading, and storage solutions. The company has established 7.5 GW of clean energy generation, constituting 46% of its total capacity, and is committed to achieving Net Zero by 2045.

Historical Collaboration

The partnership builds on a long-standing relationship between Tata Group and the University of Warwick. In 2025, both organizations were awarded the Royal Academy of Engineering's Lord Bhattacharyya Award for their pioneering partnership. Professor Kerry Kirwan, Dean of WMG, noted that the celebrated partnership with the Tata Group stretches back decades, built on extensive collaboration across research, education, and innovation.

Tata Power has announced a comprehensive postal ballot notice for six material related party transactions (RPTs) totaling ₹47,854 crore for FY27, requiring shareholder approval under SEBI regulations. The company has scheduled remote e-voting from February 17, 2026 to March 18, 2026 to seek member consent for these significant business arrangements.

Major Transaction with Tata Projects Limited

The largest proposed transaction involves ₹27,984 crore with Tata Projects Limited (TPL), an associate company where Tata Power holds a 22.70% stake. This arrangement encompasses multiple components designed to leverage TPL's expertise in executing large infrastructure projects.

The primary focus involves EPC services for Flue Gas Desulphurisation projects at Tata Power's 4150 MW Mundra Thermal Power Generation Plant and 447 MW Jojobera Plant. Additionally, TPL will participate in the competitive bidding process for the 1,800 MW Shirawta Pumped Storage Project, including Civil and Structural Works, Hydro-Mechanical Works, and Electromechanical Works.

Strategic Alliance with Tata Steel Limited

The second major transaction involves ₹4,270 crore with Tata Steel Limited (TSL), a promoter group company where Tata Sons holds 31.76% shares. This comprehensive arrangement covers multiple business activities reflecting the ongoing commercial relationship between the two Tata Group entities.

Tata Power will continue selling power from its Jojobera and Haldia units to TSL, with tariffs for regulated units determined by the Jharkhand State Electricity Regulatory Commission. The company also plans to construct transmission infrastructure and provide operation and maintenance services for TSL projects.

Subsidiary Transactions and Renewable Energy Focus

The postal ballot includes four additional transactions involving Tata Power's subsidiaries, demonstrating the company's integrated approach to renewable energy and distribution operations.

Tata Power Renewable Energy Limited (TPREL) will engage in ₹7,000 crore worth of transactions with TP Solar Limited, primarily involving solar module procurement and raw material supply. TPREL will also conduct ₹4,000 crore in transactions with TP Vardhaman Surya Limited, including domestic lending and project management services for a 966 MW Solar and Wind hybrid plant.

Odisha Distribution Operations

Two separate ₹4,600 crore transactions involve Tata Power's Odisha distribution subsidiaries with GRIDCO Limited. TP Central Odisha Distribution Limited and TP Western Odisha Distribution Limited will continue their power purchase arrangements with GRIDCO, as mandated by their respective vesting orders from the Odisha Electricity Regulatory Commission.

Voting Process and Regulatory Compliance

The remote e-voting will be conducted exclusively through NSDL's platform, with no physical postal ballot forms being distributed. Members whose names appear in the Register of Members as of February 6, 2026 (cut-off date) are eligible to participate in the voting process.

All proposed transactions have received approval from the Audit Committee's Independent Directors and have been reviewed by external consulting firms for arm's length pricing compliance. The transactions are designed to be conducted in the ordinary course of business while leveraging Tata Group synergies and ensuring operational efficiency.

The results will be announced within two working days after the voting period concludes, with the Scrutinizer's report determining the validity of votes cast. If approved by the requisite majority, the resolutions will be deemed passed on March 18, 2026.