Tata Power Wins Rapyte Transmission Project; Shares Remain in Focus

Mumbai, June 19: Tata Power Co. Ltd. said on Friday that it has received a letter of intent (LOI) from REC Power Development and Consultancy Ltd. (RECPDCL) for the acquisition of Rapyte Power Transmission Ltd., a special purpose vehicle (SPV) created for a transmission infrastructure project in Karnataka.

According to an exchange filing, the project SPV will be developed on a build-own-operate-transfer (BOOT) basis and will provide transmission services for 35 years from the scheduled commercial operation date (SCOD). The SCOD has been fixed at 30 months from the date of SPV transfer.

The project involves the construction and commissioning of around 250 kilometres of transmission lines, including 400 kV and 220 kV double-circuit lines as well as underground cable infrastructure. The scope also includes the establishment of a 5×500 MVA, 400/220 kV substation at Ryapte in Tumakuru district and a 3×500 MVA, 400/220 kV GIS substation at Doddathaggalli near Hoskote.

As per the filing, the project has been awarded through tariff-based competitive bidding, with annual transmission charges of ₹521.07 crore.

Stock Market Snapshot

Shares of Tata Power were trading marginally lower despite the project award announcement.

As of 11:51 IST on June 19, 2026, Tata Power shares were trading at ₹400.85, down ₹2.05 or 0.51%. The Tata Power share price remained in focus as investors assessed the long-term earnings visibility offered by the transmission asset.

Transmission projects are generally viewed as stable infrastructure assets because they generate regulated revenue over extended concession periods once operational.

Company Background

Tata Power is one of India’s largest integrated power companies with operations spanning generation, transmission, distribution, renewable energy and power trading.

The company has been expanding its transmission portfolio alongside investments in renewable energy, power distribution and clean energy infrastructure. Through competitive bidding, Tata Power has secured several transmission projects aimed at strengthening electricity evacuation and grid connectivity across different regions of the country.

Conclusion

The Rapyte Power Transmission project adds another long-term infrastructure asset to Tata Power’s portfolio and strengthens its presence in the transmission segment. With annual transmission charges of ₹521.07 crore and a 35-year service period, the project is expected to provide stable revenue visibility once commissioned.

Investors will watch the project’s execution timeline and future transmission bidding opportunities as Tata Power continues to expand its infrastructure footprint.

Source:

• https://www.nseindia.com/get-quote/equity/TATAPOWER/Tata-Power-Company-Limited
• https://nsearchives.nseindia.com/corporate/VPTPCL_19062026105114_Reg_30_LOI_Ryapte_final.pdf