Tata group stock jumps 3% after company to invest ?49,000 Cr in Andhra Pradesh for renewable energy projects

Introduction:

Tata Group stock is set to benefit from a major renewable energy push in Andhra Pradesh. The company has signed an MoU to develop up to 7,000 MW of solar, wind, and hybrid projects, aligning with the state’s clean energy expansion plans.

Share Price movement of Tata Power Company:

On March 10, 2025, Tata Power Company Limited opened at ?356.50, reaching a high of ?361.80, up 3% from its previous close of ?351.45, and a low of ?354.25. The stock is currently trading at ?359.35, with a market cap of ?1,14,808.55 crore.

About Tata Power Company:

Tata Power Company, a Tata Group subsidiary, is a leading Indian power company specializing in generation, transmission, and distribution. It focuses on renewable energy, including solar, wind, and hydro projects, driving India’s clean energy transition with a strong nationwide presence.

Tata Power Company new investment:

Tata Power Company Limited (TPREL) has signed an MoU with the Andhra Pradesh Government to develop up to 7,000 MW of renewable energy projects, including solar, wind, and hybrid solutions. This partnership aims to advance the state’s clean energy transition.??

With an estimated investment of ?49,000 crore, the collaboration aligns with Andhra Pradesh’s goal of expanding its renewable energy portfolio. The initiative falls under the state’s Integrated Clean Energy Policy, which targets 160 GW of renewable capacity with ?10 lakh crore investment potential.??

Beyond clean energy, the MoU is expected to drive economic growth, create jobs, and promote skill development. This partnership will enhance Andhra Pradesh’s sustainability efforts while supporting local industries and socio-economic progress.

Recent news About Tata Power Company:

Tata Power has inaugurated a new 4.3 GW solar module and cell manufacturing plant in Tamil Nadu, constructed at a cost of ?4,300 crore. Spanning 317 acres, this facility is primarily focused on serving the domestic market, reflecting the company’s commitment to meeting India’s growing solar energy demand.

Stock performance of Tata Power Company for Period of 1 week, 6 months and 1 year:

Tata Power Company’s stock saw a 2.51% gain over the past week, reflecting short-term positive momentum. However, over six months, it declined by 19.3%, indicating sustained weakness. Over the last year, the stock fell 17.4%, showing a challenging period for long-term investors.

Shareholding pattern of Tata Power Company:

Follow for more! If you found this useful, you can also check out: Alice Blue Stock Market News

Disclaimer: https://lnkd.in/gJJDnvn2

(Alice Blue does not endorse any of the stocks/companies mentioned. The information provided is for educational purposes only)