Tata Power issued a clarification on media reports dated March 20, 2026, concerning the signing of a Power Purchase Agreement (PPA) for its Mundra Power Plant with the Gujarat Government. The company confirmed that the Gujarat cabinet has approved the Supplementary PPA, and a Government order has been issued. The formal signing of the agreement with Gujarat Urja Vikas Nigam Limited (GUVNL) is pending subsequent regulatory clearances.
Confirmation of Gujarat PPA Development
Tata Power provided an official update following media coverage on March 20, 2026, regarding the Power Purchase Agreement (PPA) for the Mundra Power Plant. The company confirmed that significant progress has been made on this front.
Cabinet Approval Received
The core development confirmed by Tata Power is that the Gujarat cabinet has approved the Supplementary PPA. Furthermore, an official Government order related to this agreement has already been issued. This signifies a major milestone in securing the long-term offtake arrangements for the Mundra facility.
Next Steps for Agreement Finalization
The next phase involves securing all necessary regulatory clearances. Upon completion of these clearances, the company stated that the formal agreement will be signed between The Tata Power Company Limited and Gujarat Urja Vikas Nigam Limited (GUVNL). The Company Secretary affirmed compliance with all relevant disclosure requirements.
Source: BSE
