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Dr. Praveer Sinha, CEO & MD, Tata Power (fourth from left) and Prof. Shireesh Kedare, Director , IIT Bombay, (fifth from left ) exchange the signed Master Research Agreement formalizing a strategic partnership to advance research, innovation, and commercialization of clean energy technologies
Mumbai, 17th August , 2026: Tata Power, one of India's largest integrated power companies, and the Indian Institute of Technology Bombay (IIT Bombay), one of the country's premier institutions for science, engineering and technology research, signed a Master Research Agreement (MRA) marking the beginning of a long-term strategic partnership for accelerating scaling up and commercialization of lab scale innovations in next generation energy technologies and advanced clean energy solutions.
The agreement was signed at the IIT Bombay campus by Dr. Praveer Sinha, Chief Executive Officer & Managing Director, Tata Power, and Prof. Shrikrishna V. Kulkarni, Dean (Research & Development), IIT Bombay, in the presence of Prof. Shireesh Kedare, Director, IIT Bombay.
This collaboration brings together IIT Bombay's research excellence and Tata Power's industry expertise to jointly develop impactful solutions across areas such as smart grids, power electronics, energy storage, electric mobility, cybersecurity, AI for power systems, digital grid technologies, carbon capture, and circular economy. The partnership aims to accelerate the translation of cutting-edge research into scalable, industry-ready technologies that contribute to India's clean energy transition, energy security, and sustainable development.
Dr. Praveer Sinha, Chief Executive Officer & Managing Director, Tata Power, said “We are proud to partner with IIT Bombay to harness innovation and technology for the next generation of India’s power sector. By combining IIT Bombay’s cutting-edge research with Tata Power’s experience in deploying solutions at scale, we aim to accelerate the development of future-ready energy technologies. This partnership will contribute to a more resilient, secure, intelligent, and sustainable power ecosystem for India.”
Prof. Shireesh Kedare, Director, IIT Bombay, said: “India’s energy transition requires not only advances in scientific research, but also the ability to translate those advances into reliable, scalable, and relevant technologies. This collaboration with Tata Power aligns strongly with IIT Bombay’s mission to translate advanced laboratory research into deployable industry solutions. By combining IIT Bombay’s research and innovation capabilities with Tata Power’s industry experience and large-scale deployment expertise, we aim to accelerate the development of indigenous technologies that can strengthen India’s energy security, accelerate decarbonization and contribute to a future-ready resilient power grid.”
The collaboration reflects the Government of India's emphasis on industry-academia partnerships to accelerate research, innovation and commercialization of technologies critical to the country's energy transition.
About Tata Power:
The Tata Power Company Limited, a vertically integrated power company and part of the Tata Group, India’s largest multinational business conglomerate, has built a diversified portfolio across the entire power value chain, with its total operational and under-construction capacity surpassing 26 GW. This includes approximately 17.7 GW of clean and green energy capacity (including projects under construction) and around 8.8 GW of thermal generation capacity, ensuring a balanced and resilient energy mix. The Company also has a strong transmission and distribution footprint, with over 7,800 circuit kilometres of transmission lines, including pipeline projects, and serves over 13 million customers across its distribution businesses, making it one of India’s largest private power distribution companies. Further strengthening its leadership in future-ready energy solutions, Tata Power has established 4.9 GW of integrated solar cell and module manufacturing capacity, signed 2.8 GW of pumped hydro storage projects, and expanded its EV charging network to over 7,000 public charging points across 717 cities and towns in India. As a pioneer in India’s clean energy transition, Tata Power remains committed to achieving Net Zero by 2045 and continues to partner with public and private stakeholders to deliver reliable, sustainable, and technology-led energy solutions across the country.
Disclaimer
The following press release/announcement may contain forward-looking statements within the meaning of applicable securities laws and regulations. These statements are based on management's current views, expectations, assumptions, and projections regarding the Company's future performance, business plans, growth prospects, competitive and regulatory environment, and other related matter. Such forward-looking statements are subject to various risks and uncertainties, which may cause actual results to differ materially from those expressed or implied in the statements. Factors that could cause actual results to differ materially from those contemplated in the forward-looking statements are not limited to changes in economic conditions affecting demand/supply and price conditions in the domestic and overseas markets in which the Company operates, alterations in the business environment, fluctuations in Government regulations, laws, statutes, judicial pronouncements, and other incidental factor. The Company does not undertake any obligation to publicly update or revise any forward-looking statements based on subsequent events, information, or developments, except as required by applicable laws and regulations.
For more information:
Jyoti Kumar Bansal, Chief- Branding & Communications, Tata Power
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