Tata Power Share Price in Focus as Company Signs 80 MW Renewable Energy Power Purchase Agreement

The Power Purchase Agreement with Tata Power Mumbai Distribution is to develop an 80 MW firm and dispatchable renewable energy project, marking a significant step in the company’s renewable energy expansion.

Details of the Agreement

The project involves setting up an 80 MW firm and dispatchable renewable energy plant with an expected completion timeline of 24 months. The capital expenditure (CAPEX) for the project is estimated at approximately ₹1,200 crore.

As this falls under related party transactions, it has been executed at arm’s length, ensuring compliance with corporate governance norms. This initiative highlights Tata Power’s continued focus on strengthening its renewable energy portfolio.

Tata Power Share Price Performance

Tata Power shares were trading at ₹391.75, showing a modest gain of ₹0.60 or 0.15% at 9:40 AM on the NSE from the previous close of ₹391.15. The stock opened at ₹392.00, touched a high of ₹394.65, and a low of ₹391.50 during the morning session.

The Volume Weighted Average Price (VWAP) stood at ₹392.80. Investor sentiment appears supported by the renewable energy PPA announcement, though the share price continues to respond to broader market trends.

Tata Power Corporate Action History – 2025

In June 2025, Tata Power declared a dividend of ₹2.25 per share. The ex-date and record date for this dividend were both on 20th June 2025. Investors aiming to receive the dividend must ensure that the shares are held in their demat account on the record date, as only shares registered in the demat account by that date are eligible for the payout.

Read More: Jindal Power Wins Green Light for Jaiprakash Associates Acquisition.

Conclusion

The signing of the 80 MW renewable energy PPA by Tata Power Renewable Energy Limited underscores the company’s commitment to sustainable energy growth. While the news provides a positive signal for long-term investors, share price movements will continue to be influenced by overall market conditions, investor sentiment, and future corporate developments.

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