Tata Power shares rose 3% in early trade after its subsidiary, Tata Power Renewable Energy Limited (TPREL), signed a significant Power Purchase Agreement (PPA) with NTPC Limited. The deal, announced on April 14, 2025, covers a 200 MW Firm and Dispatchable Renewable Energy (FDRE) project.
The ₹4,500 crore project will be executed over a 24-month period and is designed to ensure a reliable and flexible supply of green energy. The agreement aligns with NTPC’s scheduling requirements, making it a strategic move towards energy sustainability and grid stability.
According to Tata Power’s filing under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements, there are no related party transactions or promoter group interests in this deal. The award was granted to TPREL, confirming the group’s commitment to boosting India’s domestic renewable energy capacity.
Tata Power shares opened at ₹375.00 today, reaching a high of ₹377.00 and dipping to a low of ₹372.30. The stock remains volatile within its 52-week range of ₹326.35 to ₹494.85.
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