Tata Power Mundra Plant inks supplementary PPA with GUVNL

New Delhi: Tata Power on Tuesday said its arm Coastal Gujarat Power Ltd (CGPL), which operates Mundra plant has signed supplementary power purchase agreements (PPA) with GUVNL (Gujarat).

According to a regulatory filing, the company will ink PPAs with Maharashtra, Rajasthan, Punjab, and Haryana.

Follow The PSUWatch Channel on WhatsApp

"With reference to the temporary suspension of company operations of its units located at Mundra, we hereby inform you that the Company has executed Supplementary Power Purchase Agreement for Tata Power Mundra Plant with GUVNL (Gujarat)," it stated.

It further informed the bourses that the same shall also be executed with the Maharashtra, Rajasthan, Punjab, and Haryana.

The company had suspended operations at all units of Mundra plant on July 2, 2025 and has been suffering losses due to temporary closure of the plant.

Earlier, the company had informed in a regulatory filing that the Gujarat cabinet has approved the Supplementary PPA and a governement order has been issued.

After regulatory clearances, the company and Gujarat Urja Vikas Nigam Ltd (GUVNL) will sign the agreement, it had said.

The company has been incurring losses due to closure of units at Tata Mundra plant, which is run by its arm Coastal Gujarat Power Ltd (CGPL).

Follow PSU Watch on LinkedIN

The 4,000 MW Mundra Ultra Mega Power Project (UMPP) in Kutch, Gujarat, is a coal-based thermal power plant with five 800 MW units providing electricity to Gujarat, Maharashtra, Punjab, Haryana, and Rajasthan.

The share of Tata Power turned positive at Rs 387.20 apiece on the BSE.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)