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Tata Power Company Limited ( (IN:TATAPOWER) ) has provided an update.
Tata Power Renewable Energy Limited, a subsidiary of Tata Power Company Limited, has signed a Power Purchase Agreement with NTPC Limited to develop a 200 MW firm and dispatchable renewable energy project. This agreement, with a capital commitment of approximately ₹4,500 crore, signifies Tata Power’s strategic move to enhance its renewable energy portfolio, potentially strengthening its market position and offering assured power supply as per NTPC’s scheduling needs.
More about Tata Power Company Limited
Tata Power Company Limited is a prominent player in the energy sector, primarily focusing on the generation, transmission, and distribution of electricity. The company is involved in both conventional and renewable energy projects, aiming to expand its footprint in sustainable energy solutions.
YTD Price Performance: -7.11%
Average Trading Volume: 504,212
Current Market Cap: 1164.7B INR
Find detailed analytics on TATAPOWER stock on TipRanks’ Stock Analysis page.