Tata Power announced the acquisition of 100% equity stake in Jejuri Hinjewadi Power Transmission Limited (JHPTL) on January 9, 2026. JHPTL, a special purpose vehicle, focuses on providing transmission services through a Build-Own-Operate-Transfer model. The acquisition, completed for ₹2.42 crore, aims to bolster Tata Power’s presence in power transmission.
Acquisition Overview
On January 9, 2026, Tata Power finalized the acquisition of Jejuri Hinjewadi Power Transmission Limited (JHPTL). The company signed a Share Purchase Agreement (SPA) to acquire 100% equity in JHPTL, marking a strategic move to enhance its power transmission capabilities.
Target Company Details
Jejuri Hinjewadi Power Transmission Limited (JHPTL) is structured as a special purpose vehicle (SPV) designed to operate on a Build-Own-Operate-Transfer basis. Its primary objective is to provide power transmission services.
Deal Rationale and Impact
The acquisition will enable Tata Power to establish and operate a Build-Own-Operate-Transfer project for providing transmission service and further expand its footprint in the power transmission sector. All necessary approvals, including from the Ministry of Power, have been secured for the share transfer of JHTPL.
Financial Considerations
The acquisition was completed for a cash consideration of ₹2.42 crore. The acquisition process concluded on January 9, 2026.
Projected Operations
The acquired entity, JHPTL, was formed in March 28, 2025, with the specific purpose of establishing a transmission system. The system includes the construction of approximately 115 km of 400 kV double-circuit lines between Jejuri and Hinjewadi, along with the extension of 400 kV GIS line bays at substations in both locations. The scheduled date of commercial operation (SCOD) for this project is anticipated to be within 24 months from the date of acquisition.
Source: BSE
