The project SPV will be developed on a build-own-operate-transfer (BOOT) basis and will provide transmission services for 35 years from the scheduled commercial operation date (SCOD).

The project involves construction and commissioning of approximately 250 km of transmission lines, including 400 kV and 220 kV double-circuit lines and underground cable infrastructure, along with two new substations in Karnataka.

The project carries an annual transmission charge of Rs 521.07 crore and is required to be completed within 35 months from the date of award.

Tata Power Company is a part of the Tata Group and primarily engaged in the generation, transmission, and distribution of electricity. It aims to produce electricity entirely through renewable sources.

The company’s consolidated net profit fell 4.50% to Rs 995.91 crore on 12.84% fall in revenue from operations to Rs 14,900.20 crore in Q4 FY26 over Q4 FY25.

The scrip shed 0.53% to currently trade at Rs 400.50 on the BSE.