Tata Power announced its acquisition of a full equity stake in ERES-XXXIX Power Transmission Limited for INR 18.56 crore. This strategic move involves a cash transaction, reinforcing Tata Power’s commitment to expanding its power transmission capabilities across India.
ERES-XXXIX is a special purpose vehicle (SPV) formed to build, own, operate, and transfer a transmission service. The acquisition is anticipated to be fully integrated by December 31, 2027. This aligns with Tata Power’s growth strategy and focus on strengthening sustainable energy infrastructure, benefiting India’s energy landscape in the years to come.
This acquisition further solidifies Tata Power’s position as a leading power player in India, contributing to a robust and sustainable energy future.
