Tata Motors rises on inking power purchase agreement with Tata Power Renewable Energy
Tata Motors is currently trading at Rs. 632.25, up by 2.30 points or 0.37% from its previous closing of Rs. 629.95 on the BSE.
The scrip opened at Rs. 630.80 and has touched a high and low of Rs. 633.55 and Rs. 626.15 respectively. So far 132369 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1179.05 on 30-Jul-2024 and a 52 week low of Rs. 542.55 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 635.70 and Rs. 608.30 respectively. The current market cap of the company is Rs. 231685.68 crore.
The promoters holding in the company stood at 42.58%, while Institutions and Non-Institutions held 35.04% and 22.39% respectively.
Tata Motors has inked a power purchase agreement (PPA) with Tata Power Renewable Energy to co-develop a 131 MW wind-solar hybrid renewable energy project. Set to generate around 300 million units of clean electricity annually, the project is expected to offset over 2 lakh tons of CO2 emissions each year.
The integrated wind-solar hybrid solution will provide a reliable supply of green, cost-effective energy exclusively to Tata Motors' six manufacturing facilities in Maharashtra and Gujarat, supporting the production of both commercial and passenger vehicles. With this PPA, the company's plants in Maharashtra and Gujarat will take a significant leap towards green manufacturing, complementing India's green transition.
Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.
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