Tata Power Company Ltd.

Tata Power’s joint venture (JV) -- Industrial Energy has signed pacts with Tata Steel to acquire a captive gas-based power plant and a diesel project in Kalinganagar, Odisha for around Rs 920 crore. Industrial Energy is a joint venture between Tata Power and Tata Steel in the ratio of 74:26, respectively. The agreement is for acquisition of 120 MW captive gas-based power plant and 40 MW diesel generating station (40 MW DGS) at Kalinganagar from Tata Steel. Industrial Energy has also signed tolling agreements with Tata Steel for supply of power for a period of 30 years from 120 MW plant and 15 years from the 40 MW DGS.

Tata Power Company is India’s largest integrated power company with a growing international presence. The company together with its subsidiaries and jointly controlled entities has presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.