Tata Power Company (TATAPOWER) — Announcement

📢 Key Event
Tata Power secures 324 MW pumped storage contract with SECI

🔄 What Changed
New 40-year storage contract awarded to Tata Power

🔮 What's Next
Commence supply within 36 months of PPA signing

⚠️ Risks
None specified

Tata Power announced it received a Letter of Award from SECI for a 324 MW pumped storage plant providing 40 years of energy storage services at ₹1.0841826 crore per MW annually, totaling ₹351.3 crore yearly. The contract requires service commencement within 36 months of PPA signing and represents a significant new revenue stream from government-backed infrastructure. This long-term agreement enhances the company's renewable energy portfolio and secures stable cash flows from a regulated service model.

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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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