Tata Power To Spend ₹11,000 Crore In Pune Hydro Project

Tata Power Company Ltd will invest ₹11,000 crore to set up a pumped hydro storage project at Shirawta in Pune, Maharashtra. As per The Economic Times report, the work on the project is expected to begin in July 2026 and take around 5 years to complete. 

The company will fund it through a 70:30 debt-equity structure, according to CEO and MD Praveer Sinha.

Project Capacity

The Shirawta project will have a capacity of 1,800 megawatts (MW). It is part of a plan to develop two pumped hydro storage projects in Maharashtra, with a combined capacity of 2,800 MW. The second project, located at Bhivpuri in Raigad district, will add 1,000 MW of capacity.

Partnership with the Maharashtra Government

Tata Power signed a Memorandum of Understanding (MoU) with the Government of Maharashtra last year to develop these 2 projects. The agreement focuses on building large-scale storage systems to manage power demand efficiently and support the state’s renewable energy plans.

Project Execution

Both projects are being developed through Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power. Discussions are already underway to bring commercial and industrial customers on board for the Bhivpuri project, with progress expected in the next six months.

Technology and Function

Pumped hydro storage systems help store excess electricity by pumping water to a higher reservoir. During peak demand, the stored water is released to generate power. 

This process helps maintain grid stability and manage fluctuations in power supply from renewable sources like solar and wind.

Read More: Tata Motors to Acquire 26% Stakes in Tata Power Units for Renewable Energy Push!

Tata Power Share Price Performance 

As of November 6, 2025, 10:00 AM, Tata Power share price was trading at ₹397.95, a 0.66% decline from the previous close.

Conclusion

The ₹11,000 crore investment at Shirawta is an addition to Maharashtra’s upcoming energy storage infrastructure. Once operational, the Shirawta and Bhivpuri projects will together contribute 2,800 MW to the state’s power network, adding more flexibility to its electricity supply system.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.