Tata Power Signs Big Renewable Energy Deal, Stock Jumps on BSE

Tata Power shares rose by 1.74% to Rs.364.50 on April 11 on the Bombay Stock Exchange (BSE). With this rise, the company’s market value reached Rs.1.16 lakh crore. The stock saw positive movement, trading above its 5, 30, and 50-day averages, but still below several long-term averages.

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New 200 MW Green Power Project with NTPC

Tata Power Renewable Energy Ltd. (TPREL), a Tata Power subsidiary, has signed a power purchase agreement (PPA) with government-owned NTPC to develop a 200 MW renewable power project. This agreement pushes Tata Power’s total renewable utility capacity to 10.9 GW.

Solar and Wind Capacity Breakdown

Currently, Tata Power operates 5.5 GW of renewable energy—4.5 GW from solar and 1 GW from wind. Another 5.4 GW is being developed, with equal parts from solar and wind (2.7 GW each). These projects are expected to finish within the next 6 to 24 months.

Stock Performance Overview

• Last 2 Years: Share price increased by 84%.

• Last 5 Years: Gained 898%—a multibagger return.

• Last 1 Year: Fell by 15.60%.

• Last 6 Months: Dropped 21%.

• RSI: 49.3 (Neutral zone – not overbought or oversold).

Future-Ready Energy Project

The FDRE (Firm and Dispatchable Renewable Energy) project will be built across India and will be completed in two years. It's expected to produce around 1,300 million units of electricity per year.

Big Environmental Impact

The upcoming green energy project is projected to cut down over 1 million tonnes of carbon dioxide emissions every year. It will use a mix of solar, wind, and battery energy storage systems (BESS). The project was won through a competitive bidding process.

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