Tata Power Shares Rise on ₹4,500 Crore NTPC Renewable Energy Deal

Tata Power shares experienced a 3% surge following Tata Power Renewable Energy Limited (TPREL) securing a Power Purchase Agreement (PPA) with NTPC Limited on April 14, 2025. This agreement pertains to a ₹4,500 crore project.

The project involves a 200 MW Firm and Dispatchable Renewable Energy (FDRE) initiative. It is expected to be executed over a period of 24 months.

This collaboration ensures a consistent supply of green energy while aligning with NTPC's scheduling requirements, thereby bolstering grid stability. The stock opened at ₹375.00 and reached a high of ₹377.00, indicating positive market sentiment towards Tata Power's renewable energy endeavors.