Tata Power plans to acquire a 40% stake in Khorlochhu Hydro Power Limited (KHPL) for ₹830 crore to develop a 600 MW hydroelectric project in Bhutan. The total project cost is estimated at ₹6,900 crore. The acquisition will be completed in multiple stages, with the first tranche expected within six months. This investment supports Tata Power’s clean energy goals. Additionally, Tata Power will terminate and delist its Global Depository Shares (GDS) program, simplifying financial reporting and reducing costs. Investors should watch for Tata Power’s expanded clean energy investments.
Tata Power to Acquire 40% Stake in Bhutan Hydro Project for ₹830 Crore
