Tata Power receives LoI for Jejuri Hinjewadi transmission project
after close1 source ↓written by the desknot a recommendation
- from the Scheduled
- 35 years
- for traders
- 13 Dec 2023
Tata Power is set to gain traction after receiving a letter of intent (LoI) from REC Power Development for the acquisition of Jejuri Hinjewadi Power Transmission Ltd. The project involves constructing 115 km of 400 kV double-circuit line and will operate for 35 years from the Scheduled Commercial Operation Date, expected 24 months post-transfer.
This acquisition may enhance Tata Power's transmission capacity and revenue potential, making it a key focus for traders on 13 Dec 2023.
Not investment advice. For informational purposes only.