The Tata Power Company Limited has announced the acquisition of a 100% equity stake in Jejuri Hinjewadi Power Transmission Limited (JHPTL), a project special purpose vehicle (SPV). This acquisition was completed on January 9, 2026, through the signing of a Share Purchase Agreement (SPA).

JHPTL was established as an SPV on March 28, 2025, to develop and operate a transmission system on a Build-Own-Operate-Transfer basis. The project involves constructing approximately 115 km of 400 kV double-circuit (D/c) lines between Jejuri and Hinjewadi, along with extending 400 kV GIS line bays at substations in both locations. The acquisition was made for a cash consideration of ₹2.42 crore.

The company has received approval from the Ministry of Power for the share transfer of JHTPL. The scheduled date for the commercial operation of the SPV is set for 24 months from the date of acquisition. This transaction does not fall under related party transactions.