Tata Power Share Price in Focus; Signs MoU with BPCL for Mumbai Refinery Project

Tata Power has signed a memorandum of understanding (MoU) with Bharat Petroleum Corporation Limited (BPCL) to develop 110 kV power infrastructure for BPCL’s Petro Resid Fluidized Catalytic Cracking Unit (PRFCCU) project at its Mumbai Refinery.  

The agreement was announced on October 27, 2026. The infrastructure will cater to the project’s power requirement of 90 MW. Tata Power will provide 110 kV connectivity and undertake the design and development of the associated facilities. 

Project Cost Estimated at ₹250 Crore 

The infrastructure work is expected to be completed over approximately 24 months. Tata Power and BPCL have estimated a combined outlay of around ₹250 crore for the development, subject to applicable approvals and project milestones. 

The investment will cover the power connectivity and transmission infrastructure needed for the refinery project. The announcement did not provide a separate cost breakdown for the two companies. 

BPCL’s ₹14,203 Crore PRFCCU Project 

BPCL’s PRFCCU project has a processing capacity of 3 million metric tonnes per annum (MMTPA) and an estimated cost of ₹14,203 crore.  

It is the company’s second-largest project currently under execution and the largest project undertaken at its Mumbai Refinery.The project is the first of its kind being executed in India.  

It is to support the recovery of higher-value products and expand BPCL’s petrochemical operations. The project is also expected to increase domestic value addition in the refining sector. 

Further Transmission Work Planned  

The agreement comes as Tata Power plans to expand its transmission infrastructure in the Trombay area to meet expected growth in electricity demand from industrial consumers. 

The company also plans to develop a 400 kV transmission facility at Trombay over the next five years.  

According to Tata Power, the proposed facility is expected to improve power evacuation capacity and support grid availability for Mumbai’s industrial and commercial areas. 

Read More: Tata Communications Share Price in Focus; Announces India’s AI Super Highway Project! 

Tata Power Share Price Performance  

As of October 27, 2026, 1:59 pm, Tata Power share price was trading at ₹338.40, a 0.03% decrease from the previous closing price. 

Conclusion 

The MoU covers the power infrastructure required for BPCL’s 90 MW PRFCCU project, with completion expected in around two years. The planned work will also add to Tata Power’s transmission infrastructure in the Trombay area. 

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.