NSEBagging/Receiving of orders/contracts3d ago · 18 Jul 2026, 05:12 pm
Bagging/Receiving of orders/contracts
Tata Power Company Limited · TATAPOWER
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Tata Power Company Limited has received a Letter of Award (LOA) from Solar Energy Corporation of India Limited (SECI) for providing pumped storage services from a 324 MW / 2,592 MWh Pumped Storage Plant (PSP). The LOA is for 40 years with a fixed annual charge and cycle loss. The Company shall commence supply of storage capacity within 36 months of the effective date of the Pumped Storage Purchase Agreement (PPA).
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Tata Power Company Limited has informed the Exchange about Bagging/Receiving of orders/contracts.
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July 18, 2026
BSE Limited National Stock Exchange of India Limited
Corporate Relationship Department Exchange Plaza, C-1, Block G,
Phiroze Jeejeebhoy Towers Bandra-Kurla Complex,
Dalal Street Bandra (East)
Mumbai – 400 001. Mumbai – 400 051.
Scrip Code: 500400 Symbol: TATAPOWER
Dear Sirs,
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015
In continuation to our Press Release and Pursuant to Regulation 30 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), we wish to inform that the Company
has received a Letter of Award (LOA) from Solar Energy Corporation of India Limited (SECI) for providing
pumped storage services from a 324 MW / 2,592 MWh Pumped Storage Plant (PSP).
Details pursuant to SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January
30, 2026 (‘SEBI Circular’) are mentioned below:
Sl. No. Particulars Description
1. Name of the entity awarding the Solar Energy Corporation of India (SECI) Limited
order(s)/contract(s); (A Government of India Enterprise)
2. Significant terms and conditions of Letter of Award (LOA) issued by SECI Limited is for
order(s)/contract(s) awarded, in brief; providing energy storage service from Pumped
Storage Plant (PSP) of 324MW / 2592 MWH capacity
for 40 Years from Scheduled Commencement of
Supply Date at agreed fixed annual charge and cycle
loss.
SECI will sign Pumped Storage Purchase Agreement
(PPA) with the Company subsequent to signing of
Pumped Storage Sale Agreement with buying
entities.
Major Terms and Condition:
Storage Service for 40 Years from PSP of 324MW /
2592 MWH capacity.
The Company shall commence supply of storage
capacity within 36 months of effective date of PPA.
3. Whether order(s) / contract(s) have Domestic Entity
been awarded by domestic/
international entity;
4. Nature of order(s) / contract(s); Letter of Award is issued by SECI for providing
pumped storage service from PSP of capacity
324MW / 2592 MWH.
SECI will sign PPA with the Company after signing of
Pumped Storage Sale Agreement with buying
entities.
5. Whether domestic or international; Domestic
6. Time period by which the Supply of storage capacity within 36 months of
order(s)/contract(s) is to be executed; effective date of PPA.
7. Broad consideration or size of the Annual Fixed Charge of ₹1.0841826 crore/ MW /Year
order(s)/contract(s); with Annual Cycle loss of 24.61%.
Total Annual Fixed Charge for 324 MW Capacity –
₹351.3 crore
8. Whether the promoter/ promoter group / Not Applicable
group companies have any interest in
the entity that awarded the
order(s)/contract(s)? If yes, nature of
interest and details thereof;
9. whether the order(s)/contract(s) would Not Applicable
fall within related party
transactions? If yes, whether the same
is done at “arm’s length”.
The above information is being made available on the website of the Company: www.tatapower.com
This is for your information and records.
Yours Sincerely,
For The Tata Power Company Limited
Vispi S. Patel
Company Secretary
FCS 7021