Tata Power shares were in focus today after reports suggested that the company’s Mundra UMPP is likely to resume operations by December 2025. As of 10:02 AM, Tata Power shares were trading 1.46% higher at ₹397.20.
According to CNBC-TV18, Tata Power and the Gujarat government have reached an in-principle agreement on a supplementary power purchase agreement, which could become a precedent for similar PPAs with four other states.
The Mundra plant is currently not operational, with emergency Section 11 operations also suspended for two quarters due to muted power demand. The company has not yet responded to CNBC-TV18’s queries.
Despite the plant being shut, the Mundra coal and shipping cluster remained profitable, reporting ₹171 crore profit in Q4 FY25 and ₹1,078 crore for FY25, making this development potentially significant for Tata Power’s long-term power supply strategy.
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