
Tata Power Company Ltd announced plans to acquire a 40% equity stake in a new special purpose vehicle (SPV) being set up to develop the 1,125 MW Dorjilung Hydro Power Project in Bhutan.
The investment, valued at around ₹1,572 crore, marks another step in the company’s strategy to expand its renewable energy presence across South Asia.
According to a regulatory filing on November 11, 2025, Tata Power intends to purchase the 40% stake in one or more tranches for a cash consideration of approximately ₹1,572 crore.
The SPV, which is yet to be incorporated, will be a joint venture between Tata Power and Druk Green Power Corporation Ltd (DGPC), Bhutan’s state-owned hydropower company.
The estimated total project cost for the 1,125 MW Dorjilung Hydro Power Project stands at around ₹13,100 crore.
Tata Power stated that the first phase of the transaction is expected to be completed within six months, subject to terms outlined in the shareholders’ agreement.
The Dorjilung project represents a key addition to Tata Power’s renewable energy portfolio, reinforcing its ongoing transition toward clean and sustainable energy generation.
The project will also strengthen cross-border energy collaboration between India and Bhutan, both of which have prioritised hydropower as a crucial component of their long-term energy security and decarbonisation goals.
Tata Power Company were trading at ₹395.00, marking a slight decline of ₹0.60 or 0.15% from the previous close of ₹395.60.
The stock opened at ₹390.00 and touched an intraday high of ₹395.90, with a low of ₹387.50 during early trade.
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Tata Power’s decision to invest ₹1,572 crore for a 40% stake in the Bhutan hydropower SPV reflects its strategic focus on scaling up renewable assets and fostering regional energy cooperation.
The move marks a meaningful step in the company’s journey toward achieving long-term sustainability and energy transition targets.
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Published on: Nov 12, 2025, 9:22 AM IST

Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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