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Tata Power Company Ltd gained for a fifth straight session today. The stock is quoting at Rs 395.15, up 0.92% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.69% on the day, quoting at 25319.85. The Sensex is at 82550.43, up 0.63%. Tata Power Company Ltd has slipped around 0.23% in last one month.
Meanwhile, Nifty Energy index of which Tata Power Company Ltd is a constituent, has slipped around 0.21% in last one month and is currently quoting at 35067.7, up 0.86% on the day. The volume in the stock stood at 20.52 lakh shares today, compared to the daily average of 46.14 lakh shares in last one month.
The benchmark October futures contract for the stock is quoting at Rs 396.55, up 1.17% on the day. Tata Power Company Ltd is down 14.18% in last one year as compared to a 1.4% spurt in NIFTY and a 14.37% spurt in the Nifty Energy index.
The PE of the stock is 42.9 based on TTM earnings ending June 25.
Scheduled for completion within 24 months, the project is expected to generate approximately 315 million units (MUs) of electricity annually, mitigating over 0.25 million tons of carbon dioxide emissions each year. A key feature of the project is the commitment to a 4-hour peak power supply window, ensuring at least 90% availability during peak demand hours.
With an estimated capital expenditure (CAPEX) of around Rs 1,200 crore, the project will also help Tata Power Mumbai Distribution meet its Renewable Purchase Obligation (RPO), as mandated by the State Regulatory Commission.
Once operational, the clean energy generated from the project will be integrated into Tata Power’s Mumbai distribution network, supplying reliable, low-emission electricity to over 8 lakh residential, commercial, and industrial customers.
The company stated that this collaboration reinforces TPREL’s position as a trusted leader in India’s renewable energy sector. With a steadfast commitment to sustainability and innovation, TPREL continues to advance India’s mission of building a greener and more resilient energy future.
With this addition, TPREL’s total renewable utility capacity now stands at 11.3 GW, which includes 9.4 GW under PPAs. Of this, 5.7 GW is under various stages of implementation, and 5.6 GW is operational—comprising 4.6 GW of solar and 1 GW of wind energy. The company’s solar EPC portfolio also exceeds 15.7 GWp of ground-mounted utility-scale projects and over 3 GW of rooftop and distributed systems. TPREL aims to provide energy access to millions of people across the country via its integrated green energy solutions.
Tata Power Company is primarily engaged in the generation, transmission, and distribution of electricity. It aims to produce electricity entirely through renewable sources. The company also manufactures solar rooftops and plans to build 1 lakh EV charging stations by 2025. Tata Power is India’s largest vertically integrated power company.
The company’s consolidated net profit advanced 6.2% to Rs 1,262.32 crore on a 4.3% increase in revenue from operations to Rs 18,035.07 crore in Q1 FY26 over Q1 FY25.
The scrip rose 0.58% to currently trade at Rs 391 on the BSE.