iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Tata Power purchases the renewable energy project Bikaner Transmission from PFC

4 Dec 2023 , 02:39 PM

The renewable energy project Bikaner-III Neemrana-II Transmission will be acquired by Tata Power Ltd for around Rs 1,544 crore. The company stated that it had won the bid.

A special purpose vehicle (SPV) for the energy project was established by PFC Consulting Limited, a division of Power Finance Corporation. A parent firm establishes a subsidiary known as a special purpose vehicle (SPV), also referred to as a special purpose entity (SPE), in order to separate its financial risks.

The transmission project is expected to help remove 7.7 gigawatts (GW) of renewable energy from the Bikaner Complex in Rajasthan. It will be implemented on a Build-Own-Operate-Transfer (BOOT) basis. The company stated in an exchange filing that the project 'entails the establishment of a 340 kilometres transmission corridor from Bikaner-III pooling station to Neemrana II substation.'

For 35 years, Tata Power will oversee the transmission project. After the project SPV transfer date, the project is anticipated to be put into service within 24 months.

The project will play a significant role in the Ministry of Power's 2022 strategy, the company further stated, provided it is successfully commissioned. The goal of this roadmap is to include more than 500 GW of renewable energy capacity in the national grid by 2030.

The company's subsidiary, Tata Power Renewable Energy Limited (TPREL), was recently given the task of working with SJVN to create a 200 MW firm and dispatchable renewable energy (FDRE) project.  With a hybrid layout that includes solar, wind, and battery storage components, all proportioned according to their respective capacities, the plant has been meticulously designed.

For feedback and suggestions, write to us at editorial@iifl.com

Tata Power - Wikipedia

Related Tags

  • Bikaner Transmission
  • PFC
  • Tata Power
sidebar mobile


Read More

Most Read News

Indian markets end the day on high
23 May 2024|03:59 PM
Markets surge

Markets surge

23 May 2024|03:45 PM
MG Motor India to supply 3000 EVs to Vertelo
23 May 2024|03:46 PM
Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.