Tata Power has received a Letter of Intent (LoI) from REC Power Development and Consultancy Limited (RECPDCL) for the acquisition of Ryapte Power Transmission Limited, a project-specific Special Purpose Vehicle (SPV), according to the company’s exchange filing dated June 19, 2026.
The transmission project will be developed under the Build-Own-Operate-Transfer (BOOT) model and carries annual transmission charges of ₹521.07 crore.
Karnataka Transmission Project
The project involves developing approximately 250 kilometres of transmission infrastructure across Karnataka, including:
400 kV double-circuit transmission lines
220 kV double-circuit transmission lines
220 kV underground cable sections
The network will connect:
Ryapte
Doddathaggalli
Ekarajapura
Hosakote
Sarjapura
The project forms part of Karnataka’s planned power transmission expansion to strengthen grid connectivity.
Two Greenfield Substations
The project also includes the construction of two new substations:
Ryapte (Tumkur District)
400/220 kV Air-Insulated Substation (AIS)
5 × 500 MVA transformers
400 kV bus reactors
Doddathaggalli (Near Hosakote)
400/220 kV Gas-Insulated Substation (GIS)
3 × 500 MVA transformers
400 kV bus reactors
These substations are designed to improve transmission capacity and support growing electricity demand in the region.
35-Year Transmission Agreement
Key project timelines include:
Execution model: BOOT (Build-Own-Operate-Transfer)
Scheduled Commercial Operation Date (SCOD): 30 months from SPV transfer
Transmission Service Agreement tenure: 35 years
The company also clarified that:
The order has been awarded by a domestic entity.
The transaction does not involve any promoter interest or related-party transaction.
Tata Power Share Price Performance
As of June 19, 2026 (12:08 PM):
Share Price: ₹400.70
Change: -0.55% from the previous closing price.
Key Highlights
Tata Power receives LoI from RECPDCL to acquire Ryapte Power Transmission Ltd.
Project carries annual transmission charges of ₹521.07 crore.
Around 250 km of transmission lines to be developed across Karnataka.
Includes construction of two new 400/220 kV substations.
Project to be completed within 30 months.
Transmission services to operate under a 35-year agreement.
Conclusion
The Ryapte Power Transmission project further strengthens Tata Power’s presence in India’s transmission infrastructure sector. With an annual transmission revenue potential of ₹521.07 crore, a 35-year operating tenure, and critical grid expansion across Karnataka, the project is expected to enhance the company’s long-term regulated transmission asset portfolio.
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