Tata Power acquires Welspun Renewables and becomes largest renewable power company in India
Tata Power, India’s largest integrated power company, announced on Monday that, Tata Power Renewable Energy Limited (“TPREL”), a 100% subsidiary of Tata Power, has signed an SPA with Welspun Energy Private Limited (“WEPL”) to acquire its subsidiary Welspun Renewables Energy Private Limited (“WREPL”). This represents the largest transaction in renewables space in India.
