Tata Power shares in focus, acquires 40% stake in Khorlochhu Hydro Power
Tue, Oct 29, 2024 9:02 AM

Tata Power shares in focus, acquires 40% stake in Khorlochhu Hydro Power

A Flip by Shubhangi Gupta
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Tata Power has acquired a 40% stake in Bhutan-based Khorlochhu Hydro Power Limited for Rs 830 crore. The acquisition includes the development of the 600 MW Khorlochhu Hydropower Project, costing approximately Rs 6,900 crore. This move aims to accelerate Tata Power's transition to clean energy. The company's shares rose marginally to Rs 425, up 78% over the past year.

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