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Tata Power Company acquires 100% stake in ERES-XXXIX Power Transmission

15 Nov 2024 Evaluate

Tata Power Company has signed the Share Purchase Agreement (SPA) and acquired 100% equity stake in ERES-XXXIX Power Transmission (ERES-XXXIX), a special purpose vehicle (SPV). The objective of acquisition is to establish and operate Build-Own-Operate Transfer basis for providing transmission service. The cost of acquisition is Rs 18.56 crore. 

Tata Power Company is India’s largest integrated power company. It is a pioneer credited with steering the energy sector on technology, process and platform.


Tata Power Share Price

427.45 0.20 (0.05%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 393.65
Tata Power 427.45
Adani Power 198.40
Power Grid Corp 318.05
Torrent Power 1565.30
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