Tata Power Shares Gain As Arm Inks Power Purchase Agreement With Tata Motors

SUMMARY

Shares of Tata Power gained marginally connected Tuesday 7 aft nan patient said Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power Company, has signed a powerfulness acquisition statement pinch Tata Motors to co-develop a 131 MW wind-solar hybrid renewable power project. This landmark statement intends to make astir 300 cardinal units of renewable energy annually.

Tata Power banal roseate marginally to Rs 395.25 connected Tuesday against nan erstwhile adjacent of Rs 390.95 connected BSE. Market headdress of nan patient climbed to Rs  1.24 lakh crore. 

The task will thief offset complete 2 lakh tons of c dioxide emissions each year, delivering cleanable power to six Tata Motors manufacturing accommodation successful Maharashtra and Gujarat. The PPA is system nether a group captive model, involving co-investment from some Tata Power and Tata Motors, supporting Tata Motors' RE100 nonsubjective of achieving 100% renewable energy depletion up of nan 2030 world target.

With this agreement, Tata Power Renewables' group captive portfolio has surpassed 1.5 GW, comprising 478 MW operational capacity and astir 1.1 GW nether development. These projects are slated for commissioning wrong nan adjacent six to 24 months. TPREL is focused connected delivering customised round-the-clock power solutions by integrating solar, wind, floating solar, and artillery retention technologies.

This attack ensures uninterrupted cleanable powerfulness to divers sectors specified arsenic steel, automotive, polymer, hospitality, retail, and existent estate. TPREL's strategical initiatives underscore its domiciled successful advancing India's renewable power infrastructure.

Tata Power Company, 1 of India's largest integrated powerfulness enterprises, manages an installed capacity of 14,453 MW, spanning renewable and accepted power generation. The institution operates crossed nan full powerfulness worth chain, including hydro and thermal energy, transmission and distribution, ember and freight logistics, and trading. This broad beingness fortifies Tata Power's position successful nan power sector, catering to nan increasing request for sustainable powerfulness solutions. The collaboration pinch Tata Motors not only bolsters Tata Power's renewable efforts but besides aligns pinch broader biology goals.

Published on: Apr 22, 2025 2:57 PM IST