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Tata Power Company is currently trading at Rs. 485.00, up by 2.30 points or 0.48% from its previous closing of Rs. 482.70 on the BSE.

The scrip opened at Rs. 487.75 and has touched a high and low of Rs. 491.25 and Rs. 483.00 respectively. So far 889341 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 494.85 on 27-Sep-2024 and a 52 week low of Rs. 230.75 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 494.85 and Rs. 460.25 respectively. The current market cap of the company is Rs. 154910.06 crore.

The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 25.32% and 27.80% respectively.

Tata Power Company has signed landmark Memorandum of Understanding (MoU) with the Government of Rajasthan with an investment plan of around Rs 1.2 lakh crore. This ambitious 10-year plan aims to support Rajasthan's transformation into a power surplus state, providing 24/7 clean, affordable, and reliable power supply with investments in renewable energy projects and manufacturing, transmission, distribution, nuclear power, rooftop installations, and EV charging. The MoU will place Rajasthan at the heart of the nation's clean energy transition, contributing significantly to India's energy goals.

This MoU is poised to make Rajasthan a leading renewable energy hub in India, supporting the country's ambitious target to install 500 GW of renewable capacity by 2030 and achieve net-zero emissions by 2070. By enabling Rajasthan to tap into its immense solar potential, Tata Power is not only supporting the State but also positioning India as a global leader in clean energy.

The MoU will have a transformative socio-economic impact, creating over 28,000 direct jobs in the State. Tata Power will strengthen the growth of local industries in areas such as solar manufacturing, infrastructure development, and renewable energy innovations. In addition, the large-scale integration of renewables will lower energy costs for industries and consumers, making Rajasthan an attractive destination for green investments and sustainable industrial development. 

The company has already established a significant footprint in Rajasthan, with a robust portfolio of energy projects. The company has successfully commissioned 1 GW of solar projects and 185 MW of wind projects in the state, along with 130 MW of rooftop solar installations.

Tata Power Company is India’s largest integrated power company.