Tata Power Witnesses 1% Surge as Subsidiary Clinches 200 MW Renewable Energy Project

Tata Power Company’s stock marked a 0.81% uptick in early trade on November 29, a day following the commendable achievement of its subsidiary, Tata Power Renewable Energy Limited (TPREL). The subsidiary secured a contract for the development of a 200 MW firm and dispatchable renewable energy (FDRE) project in collaboration with SJVN.

The intricately designed plant integrates a hybrid combination of solar, wind, and battery storage with appropriate capacities. This FDRE project is set to provide uninterrupted power supply, reinforcing its capability to assist distribution companies (discoms) in meeting Renewable Purchase Obligation (RPO) and Energy Storage Obligation (ESO).

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As of 12:26 pm, Tata Power Company’s shares were trading at ₹273.00, reflecting the positive market sentiment post the subsidiary’s notable accomplishment.