Tata Power inches up as its arm inks power purchase agreement with Tata Power Mumbai Distribution
Tata Power Company is currently trading at Rs. 392.25, up by 1.25 points or 0.32% from its previous closing of Rs. 391.00 on the BSE.
The scrip opened at Rs. 391.60 and has touched a high and low of Rs. 394.90 and Rs. 391.30 respectively. So far 63795 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 477.95 on 03-Oct-2024 and a 52 week low of Rs. 326.25 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs. 394.90 and Rs. 380.05 respectively. The current market cap of the company is Rs. 125129.50 crore.
The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 26.33% and 26.81% respectively.
Tata Power Company’ subsidiary -- Tata Power Renewable Energy (TPREL) has entered into a Power Purchase Agreement (PPA) with Tata Power Mumbai Distribution for a contracted capacity of 80 MW Firm and Dispatchable Renewable Energy (FDRE) project. The project will integrate advanced solar, wind and battery storage systems to enable reliable energy dispatch during peak demand, thereby strengthening grid stability.
The project, to be completed within 24 months, is expected to generate around 315 million units (MUs) of electricity annually, mitigating over 0.25 million tons of carbon dioxide emissions per year. A key feature of this initiative is the commitment to a 4-hour peak power supply, ensuring at least 90% availability during peak demand hours to support the growing energy needs of Tata Power Mumbai Distribution.
This project will play a pivotal role in helping Tata Power Mumbai Distribution meet its Renewable Purchase Obligation (RPO), as mandated by the State's Regulatory Commission. Once commissioned, the clean energy generated from this project will be seamlessly integrated into Tata Power’s Mumbai distribution network, enabling the delivery of reliable, low-emission electricity to around 8 lakh customers across residential, commercial, and industrial consumers.
With this addition, TPREL’s total renewable utility capacity is 11.3 GW (PPA capacity is 9.4 GW) including 5.7 GW projects under various stages of implementation and its operational capacity is 5.6 GW, which includes 4.6 GW solar and 1 GW wind. Presently, the company’s solar EPC portfolio is more than 15.7 GWp of ground-mount utility-scale and over 3 GW of rooftop and distributed ground-mounted systems.
Tata Power Company is India’s largest integrated power company. It is a pioneer credited with steering the energy sector on technology, process and platform.
