Tata Power has increased its investment in Khorlochhu Hydro Power Limited (KHPL), acquiring an additional 40% equity stake. The company has now invested ₹64 crore in KHPL as the third tranche, contributing to a total investment of approximately ₹830 crore. This investment translates to 64,00,000 equity shares at ₹100 each and solidifies Tata Power’s position in hydroelectric power generation.
Further Investment in Hydroelectric Power
Tata Power has announced a further investment in Khorlochhu Hydro Power Limited (KHPL), reinforcing its commitment to clean energy. The company has invested an additional ₹64 crore in KHPL. This constitutes the third tranche of investment in the hydroelectric power company.
Investment Details
With this latest investment, Tata Power has invested a total of approximately ₹830 crore in KHPL. This investment has been used to subscribe to 64,00,000 equity shares, each valued at ₹100. This latest tranche now means Tata Power holds 40% of KHPL’s issued and paid-up equity capital.
Source: BSE