New Delhi, March 24 Tata Power announced on Tuesday that its subsidiary, Coastal Gujarat Power Ltd (CGPL), which operates the Mundra plant, has signed supplementary power purchase agreements (PPAs) with GUVNL (Gujarat).
According to a regulatory filing, the company will also sign PPAs with Maharashtra, Rajasthan, Punjab, and Haryana.
"With reference to the temporary suspension of company operations of its units located at Mundra, we hereby inform you that the Company has executed a Supplementary Power Purchase Agreement for Tata Power Mundra Plant with GUVNL (Gujarat)," it stated.
It further informed the stock exchanges that the same agreement will also be executed with Maharashtra, Rajasthan, Punjab, and Haryana.
The company had suspended operations at all units of the Mundra plant on July 2, 2025, and has been incurring losses due to the 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 government 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 the closure of units at the Tata Mundra plant, which is operated by its subsidiary, Coastal Gujarat Power Ltd (CGPL).
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 per share on the BSE.