Tata Power has announced that the Government of Gujarat has approved a supplementary Power Purchase Agreement (PPA) to revive operations at its 4-gigawatt Mundra thermal power plant, operated by its subsidiary Coastal Gujarat Power.
The company invested an initial Rs 50 crore, to acquire 50,00,000 equity shares, which represents 40% of DHPL’s issued capital. The total planned investment for the full acquisition of the project is approximately Rs 1,572 crore.
The centers trained 354 government ITI electrician students from five districts in the previous year, while over 440 students have undertaken various training and awareness sessions in the current financial year.
A key highlight of this project is the strategic unbundling of the scope into multiple packages, all of which were executed directly by TPREL.
The acquisition, valued at Rs 2.42 crore, was completed on January 9, 2026, following the execution of a share purchase agreement, as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
In a major boost to India’s solar and semiconductor manufacturing ecosystem, Tata Power Renewable Energy Limited (TPREL) will set up a Greenfield 10 GW ingot and wafer manufacturing facility at Nellore, Andhra Pradesh, with an investment of Rs 6,675 crore.
He also spoke about other Tata Group projects related to energy infrastructure and industrial development in the state. Chandrasekaran stated that Tata Power is installing a new 1900 MW thermal unit at its Bara plant in Prayagraj.
Around 65 per cent of this investment will be directed towards clean and green energy projects, enabling the company to achieve 100 per cent clean and green power generation by 2045, according to the regulatory filing.
Tata Power stated that Jejuri Hinjewadi Power Transmission Limited, which is a special purpose vehicle (SPV) company, will be developed on a Build-Own-Operate-Transfer basis to provide transmission services for a period of 35 years.
The company officially announced that it has partnered with Druk Green Power Corporation, which is Bhutan's largest power company, for the project.
