Tata Power Acquires 100% Stake in Jejuri Hinjewadi Power Transmission Ltd for INR 2.42 Crore

Tata Power Company Ltd has acquired 100% equity stake in Jejuri Hinjewadi Power Transmission Limited (JHPTL) for a cash consideration of INR 2.42 crore. JHPTL is a project special purpose vehicle (SPV) set up to build, own, operate, and transfer a transmission system. The SPV is responsible for constructing approximately 115 km of 400 kV double-circuit line between Jejuri and Hinjewadi and extending 400 kV GIS line bays at substations in both locations. The acquisition has received approval from the Ministry of Power, and the schedule date of commercial operation is 24 months from the date of SPV acquisition.