Tata Power Bags ₹156 Cr Annual Revenue Transmission Project in Maharashtra – 35-Year BOOT Deal!
Big update from Tata Power today (11th Dec 2025) – the company has received a formal Letter of Intent (LOI) from REC Power Development and Consultancy Ltd (a 100% subsidiary of REC Ltd) to acquire the project SPV Jejuri Hinjewadi Power Transmission Limited.
In simple terms: Tata Power has won the rights to build, own, operate, and eventually transfer a critical 400 kV transmission corridor between Jejuri and Hinjewadi (Pune) on a BOOT basis for the next 35+ years.
What’s in the project?
- ~115 km of 400 kV Double-Circuit transmission line
- 400 kV GIS bay extensions at Jejuri & Hinjewadi substations
- Full construction + long-term O&M responsibility
Key Timelines
- SPV transfer → Commercial Operation: 24 months
- Transmission Service Agreement: 35 years (yes, revenue locked in till ~2060!)
Money Talk
Annual Transmission Charges: ₹155.78 crore That’s a clean, annuity-style revenue of ~₹156 crore every year for 35 years – super stable, low-risk cash flow that the market loves.
Why this matters
Hinjewadi is Pune’s IT powerhouse and one of the fastest-growing load centers in the country. This line will significantly strengthen intra-state transmission in Maharashtra, reduce congestion, and support the grid will be future-ready for the exploding data-center and industrial demand in the Pune region.
No related-party transaction, fully domestic, awarded through the TBCB (Tariff-Based Competitive Bidding) route – textbook clean deal.
This is yet another solid addition to Tata Power’s fast-growing transmission portfolio and reinforces their pivot toward regulated, predictable-return businesses (transmission + renewables + distribution).
If you’re holding Tata Power or tracking power infra stocks, this is the kind of order that moves the needle on long-term earnings visibility.