Tata Power Company (TATAPOWER) — Board Meeting

Tata Power's board executed a Shareholders Agreement with Druk Green Power Corporation Limited to acquire a 40% equity stake in a special purpose vehicle for approximately ₹1,572 crore across multiple tranches. The SPV will develop the 1,125 MW Dorjilung Hydro Power Project in Bhutan with estimated project cost of ₹13,100 crore, advancing the company's clean energy portfolio. The acquisition is not a related-party transaction, requires no Indian regulatory approvals, with the first tranche expected within 6 months.

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About Tata Power Company Limited (TATAPOWER)

Power · Power · Listed on NSE

Market Cap: ₹1,30,050.32 Cr P/E: 34.1

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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