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2025-09-16 06:02:33 pm | Source: Accord Fintech
Tata Power surges as its arm inks pact with Suzlon for 838 MW Wind Energy Projects
Tata Power surges as its arm inks pact with Suzlon for 838 MW Wind Energy Projects

Tata Power Company is currently trading at Rs. 396.50, up by 8.60 points or 2.22% from its previous closing of Rs. 387.90 on the BSE.

The scrip opened at Rs. 387.90 and has touched a high and low of Rs. 399.90 and Rs. 387.90 respectively. So far 425026 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. 326.25 on 17-Feb-2025.

Last one week high and low of the scrip stood at Rs. 399.90  and Rs. 384.05 respectively. The current market cap of the company is Rs. 126519.47 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’s subsidiary -- Tata Power Renewable Energy (TPREL) has signed a contract with Suzlon Group (Suzlon) for the supply of wind turbine generators with a combined capacity of 838 MW. These turbines will support TPREL’s various projects across multiple states, scheduled for completion over the next few years. This partnership reinforces TPREL’s position as a leader in India’s renewable energy transition, playing a vital role in advancing the country’s target of reaching 500 GW of renewable energy capacity by 2030.

TPREL has a wind energy portfolio exceeding 3.9 GW, with over 1 GW operational and the remainder under various stages of development across Rajasthan, Gujarat, Madhya Pradesh, Maharashtra, Andhra Pradesh, Karnataka, and Tamil Nadu. Under the agreement, Suzlon - a prominent renewable energy player- will deliver a comprehensive end-to-end solution for these projects, leveraging its extensive expertise in the wind energy domain. 

The agreement marks the third strategic collaboration between TPREL and Suzlon, highlighting a strong partnership built over more than a decade. This initiative supports Tata Power’s overarching goal of achieving 100% clean energy by 2045 and complements its expanding renewable energy portfolio, which currently totals 15.7 GW, with 6.9 GW sourced from clean energy.

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.

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