Tata Power Incorporates Wholly-Owned Subsidiary TP Urja in the Power Sector
Tata Power Company Limited has successfully incorporated a wholly-owned subsidiary, TP Urja Limited, marking a strategic expansion into the power and energy services sector.The new entity, TP Urja Limited, has been incorporated in the Power Sector and is tasked with providing power and energy services while undertaking activities related to other forms of energy.
Key Details of TP Urja Limited
TP Urja Limited was incorporated on April 22, 2026, under the provisions of the Companies Act, 2013, and maintains its registered office in the State of Maharashtra, India. The company’s initial operational capital structure is reported as follows:| Particulars | Detail |
|---|---|
| Authorised Share Capital & Paid-up Capital | ₹ 5,00,000 |
| Number of Equity Shares | 50,000 |
| Face Value per Share | ₹ 10 |
| Turnover | Not Applicable |
The company acquired 100% of the shareholding in TP Urja Limited. The acquisition was structured through a cash consideration, and the initial cost of acquisition was ₹ 5,00,000.
Transaction and Compliance Overview
From a related party perspective, TP Urja will be classified as a related party of the Company. However, the Promoter, Promoter Group, and Group Companies do not have any direct interest in this transaction, ensuring that any dealings with the wholly-owned subsidiary will be conducted at an arm's length basis.The company received the Ministry of Corporate Affairs (MCA) approval for the incorporation on April 22, 2026.
TATAPOWER Stock Price Movement
Tata Power Company Limited shares slipped 1.23% in post-market trading today, settling at ₹430.30. Despite seeing substantial volume of 7.93 million shares, the equity closed well below its recent 52-week high of ₹440.80.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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