Tata Power has signed Share Purchase Agreement and acquired 100% equity stake in Bikaner III Neemrana II Transmission, a project special purpose vehicle. Object of acquisition is to establish and operate Build-Own-Operate-Transfer basis, to provide transmission service. Cost of acquisition is Rs 18.61 crore. The said acquisition process completed on December 27, 2023.
Tata Power Company is India’s largest integrated power company.