TATA POWER CO.LTD.

Tata Power Company Ltd has announced an extension for the validity of directions issued under Section 11 of the Electricity Act, 2003, for its Mundra Thermal Plant. Originally set to expire on September 30, 2026, the validity has been further extended by the Ministry of Power, Government of India, and will now remain in force until December 31, 2026. This update follows a previous intimation on June 23, 2026, and pertains to the operational framework of the Mundra plant.

Tata Power has successfully commissioned the second element of its Jalpura-Khurja Transmission Project in Uttar Pradesh. This includes a 400 kV double-circuit transmission line spanning 162 circuit kilometers and a 400/220 kV GIS substation at Jalpura with 1,000 MVA transformation capacity. Executed by its wholly-owned subsidiary, TP Jalpura Khurja Power Transmission Limited, the project strengthens power transmission infrastructure in NCR and Western Uttar Pradesh, enhancing connectivity to demand centers. This commissioning reinforces Tata Power's role in building a robust electricity grid and expands its operational transmission portfolio to 7900 circuit kilometers.

Tata Power Renewable Energy Limited (TPREL) has commissioned a 100 MW Group Captive Solar Project in Kayathar, Tamil Nadu. This brings TPREL's total utility portfolio to 12.3 GW and surpasses the 7 GW operational capacity milestone. The project utilizes India's first-of-its-kind FTC Single Axis Tracker technology and will generate 240.63 MUs of clean energy annually, offsetting 1.5 lakh tonnes of CO₂. The operational capacity comprises 5.7 GW solar and 1.3 GW wind assets, with an additional 5.3 GW pipeline under development. This expansion reinforces TPREL's leadership in India's clean energy transition and supports the nation's 500 GW non-fossil fuel capacity target by 2030.

Tata Power Renewables (TPREL), a subsidiary of Tata Power Company, has commissioned a 72.5 MW captive solar project in Rajasthan for Tata Steel Limited. This project, developed through TP Vardhman Surya Limited, will supply green energy to Tata Steel, offsetting approximately 1,18,856 tonnes of carbon emissions annually. The project is expected to generate 166 MUs of green energy per year and utilizes 1,71,360 solar modules manufactured by TP Solar Limited. This initiative supports Tata Steel's decarbonization goals and strengthens TPREL's position in India's renewable energy sector, contributing to India's target of 500 GW non-fossil fuel capacity by 2030. TPREL's total renewable utility capacity now stands at 12.3 GW.

Tata Power Company Ltd has announced further developments regarding the arbitration with Kleros Capital Partners Limited. The Singapore International Commercial Court dismissed Tata Power's challenge to arbitral awards dated July 1, 2025, and August 27, 2025. The court found no breach of natural justice or fair hearing rules by the majority arbitrators. Tata Power had also challenged the SIAC Court's decision to reject its challenge to the appointment of two arbitrators. The company has 28 days from August 26, 2026, to appeal the decision to the Singapore Court of Appeal and intends to file an appeal within this period.

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has commissioned a 190.5 MW Solar FDRE project in Kalasar, Bikaner, Rajasthan. This project is part of a larger 460 MW FDRE project and includes a 115 MWHr Battery Energy Storage System (BESS) to enhance grid reliability. The project faced challenges like compressed timelines and supply chain disruptions but successfully integrated advanced technologies. With this commissioning, TPREL's total renewable utility capacity reaches 12.4 GW, with 6.9 GW operational and 5.5 GW under implementation. This milestone supports India's clean energy transition and Tata Power's Net Zero by 2045 goal.

Tata Power Company Ltd has announced a litigation update regarding a dispute with the Maharashtra Electricity Regulatory Commission (MERC). The Appellate Tribunal for Electricity (APTEL) has ruled in favor of Tata Power, stating that MERC incorrectly disallowed Property Tax as an Uncontrollable O&M expense and disallowed Income Tax for FY 2007-08 to FY 2013-14. APTEL has remanded these issues back to MERC for a decision. The potential financial implication is approximately ₹268 crore, though the final amount will be determined after MERC's order.

Tata Power Renewable Energy Limited (TPREL) has commenced construction on an 800 MW renewable energy project in Andhra Pradesh. The project, a significant milestone for the company's clean energy transition, involves an investment of ₹5,750 crore. It will comprise 400 MW of solar capacity and 400 MW of wind power capacity. The wind component will be developed by Suzlon. The project is expected to generate employment for 4,000 local people and will utilize 3,462 acres of land. This initiative aligns with the Andhra Pradesh Integrated Clean Energy (ICE) Policy and aims to accelerate renewable capacity addition in the state.

Tata Power Company Limited has acquired a 100% equity stake in Ryapte Power Transmission Limited (RPTL), a project special purpose vehicle (SPV), for a cash consideration of ₹10.87 crore. RPTL was established on a Build-Own-Operate-Transfer basis to provide transmission services. The acquisition, completed on July 30, 2026, involves establishing a transmission system comprising approximately 250 km of lines and substations in Karnataka. The scheduled commercial operation date for the SPV is 30 months from the acquisition date. This move aligns with Tata Power's strategy to establish and operate transmission services.

Tata Power Company Ltd's Board of Directors has approved the issuance of Non-Convertible Debentures (NCDs) up to an aggregate amount not exceeding ₹4,500 crore. These debt securities will be issued on a private placement basis in one or more series/tranches. The funds raised are intended for purposes including the refinancing of existing loans. The approval is within the limits previously sanctioned by shareholders at the Annual General Meeting held on July 4, 2025. The board meeting where this decision was made commenced at 2:00 p.m. (IST) and concluded at 4:15 p.m. (IST).