Tata Power shares are set to be in focus on December 12, after the company secured a letter of intent from REC Power Development and Consultancy Ltd to acquire the Jejuri Hinjewadi Power Transmission SPV for Rs 155.78 crore. The 115-km, 400 kV transmission project will be developed on a Build-Own-Operate-Transfer basis, with a 35-year service period beginning 24 months after the SPV transfer. The update comes as the stock has been under pressure in recent weeks, even as the company reported a marginal dip in Q2 FY26 profit and revenue.
Source :- Markets-Economic Times Read More
