Chalet Hotels Limited partnered with Tata Power Renewable Energy Limited for pioneering a Group Captive Project. Tata Power Renewable Energy Limited has committed to generate 13.75 million units of clean energy from renewable sources through this collaboration. This project aims to significantly reduce carbon emissions by 9,762 tonnes annually (CO2 Baseline Database for the Indian Power sector guideline), fostering a more sustainable and environmentally friendly future for its valued hospitality industry clients.

This alliance, established through a special purpose vehicle named TP Agastaya Limited, marks a milestone in the renewable energy landscape. Chalet Hotels Limited is a subsidiary of Tata Power Renewable Energy Limited and brings together TPREL's expertise in renewable power generation and Chalet Hotels Limited's dedication to environmental responsibility. In accordance with the provisions of the Electricity Act, 2003, and the Electricity Rules, 2005, Chalet Hotels Limited has acquired a 26% equity shareholding in TP Agastaya Limited.

. This collaborative effort between Chalet Hotels Limited and TPREL exemplifies a shared commitment to environmental stewardship and renewable energy adoption. The Power Delivery Agreement solidifies their dedication to sustainable business practices and reduces their carbon footprint.