In early trade on January 12, Tata Power witnessed a 1% increase in its shares following the announcement that its subsidiary, Tata Power Renewable Energy, has entered into a memorandum of understanding with the Gujarat government. The agreement outlines plans to develop a massive 10,000 MW of renewable energy power projects.
The signing ceremony, held at the Vibrant Gujarat event on January 11, involved key representatives from both the Government of Gujarat and Tata Power Renewable Energy. The projects are slated to be implemented across various locations within the state.
As of 9:33 am, Tata Power’s stock was trading at Rs 359.20 on the National Stock Exchange, reflecting a 0.53% rise from the previous close.
TOPICS:
Tata Power