M&A Deal Summary

Tata Power Company Acquires Welspun Renewables Energy Pvt

On September 14, 2016, Tata Power Company acquired renewable energy company Welspun Renewables Energy Pvt

Acquisition Highlights
  • This is Tata Power Company’s 2nd transaction in the Renewable Energy sector.
  • This is Tata Power Company’s 2nd transaction in India.

M&A Deal Summary

Date 2016-09-14
Target Welspun Renewables Energy Pvt
Sector Renewable Energy
Buyer(s) Tata Power Company
Deal Type Add-on Acquisition

Target

Welspun Renewables Energy Pvt

Mumbai, India
Welspun Renewables Energy Pvt Ltd. is one of the largest operating solar portfolios in India spread across ten states. It has about 1,141 MW of Renewable Power Projects comprising of about 990 MW Solar Power Projects and about 150 MW of Wind Power Projects. Out of 1,141 MW renewable portfolio, over 1,000 MW of capacity is operational and balance capacity is under advanced stages of implementation.

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Buyer(S) 1

Buyer

Tata Power Company

Mumbai, India

Category Company
Founded 1915
Sector Electrical Equipment
Employees18,626
Revenue 641.3B INR (2025)
DESCRIPTION

Tata Power is an integrated power company with a significant international presence. The Company has an installed generation capacity of 8585 MW in India and a presence in all the segments of the power sector viz generation (thermal, hydro, solar and wind), transmission, distribution and trading. Tata Power Company was founded in 1915 and is based in Mumbai, Maharashtra.


DEAL STATS #
Overall 2 of 2
Sector: Renewable Energy M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
Country: India M&A 2 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-04 AES Saurashtra Windfarms Pvt.

Gurgaon, India

AES Saurashtra Windfarms Pvt. Ltd. is a renewable electricity providers.

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