Tata Power rises on signing commercial agreements with DGPC
Tata Power Company is currently trading at Rs. 387.55, up by 0.60 points or 0.16% from its previous closing of Rs. 386.95 on the BSE.
The scrip opened at Rs. 390.95 and has touched a high and low of Rs. 391.40 and Rs. 386.70 respectively. So far 82132 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 447.70 on 09-Dec-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. 394.05 and Rs. 384.15 respectively. The current market cap of the company is Rs. 124154.92 crore.
The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 26.85% and 26.28% respectively.
Tata Power Company has signed Commercial Agreements with Druk Green Power Corporation (DGPC) for the implementation of the 1,125 MW Dorjilung project. The Project will be implemented through a Special Purpose Vehicle (SPV), with DGPC and Tata Power holding equity shares of 60% and 40%, respectively. The Run-of-the-River project, comprising six units of 187.5 MW each, is being developed on the Kurichhu River in Mongar, Bhutan. Designed with a six-hour pondage for peaking, Dorjilung represents a major step forward in expanding clean, reliable hydropower in the region. Tata Power has committed an equity investment of approximately Rs 1,572 crore to be infused in tranches as per the agreed structure.
At a total project cost of Rs 13,100 crore, Dorjilung will be Bhutan’s second-largest hydropower project, and the largest Public-Private Partnership (PPP) hydro project ever undertaken in the country. On completion, the SPV will become an associate company of Tata Power, strengthening its strategic presence in the Himalayan renewable energy corridor. The project is slated for commissioning in September 2031, and 80% of its generation will be supplied to India, providing a significant boost to regional energy security and clean power availability. The project is supported by the World Bank, marking a milestone in cross-border clean-energy financing.
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.
