Tata Power Share Price Gains 3% on Renewable Energy Project MOU

Tata Power share price increased nearly 3% during morning trading on Monday following an essential announcement regarding renewable energy projects. The stock opened at ₹356.95 on the BSE, surpassing its previous close of ₹351.30. The share price then climbed to an intraday high of ₹361.85, reflecting the positive market sentiment.

Renewable Energy Agreement with the Andhra Pradesh Government

An MoU (Memorandum of Understanding) has been executed between Tata Power Renewable Energy Limited (TPREL) and the Andhra Pradesh Government to develop up to 7,000 MW of renewable energy projects. This agreement was formalized in Amaravati, Andhra Pradesh, signifying a significant step in the state's renewable energy expansion.

Under this strategic collaboration, Tata Power Renewable Energy Ltd (TPREL) and the Andhra Pradesh government will explore opportunities to establish renewable energy projects, including hybrid solutions with or without storage. The company has outlined an estimated investment of approximately ₹49,000 crore for these projects, positioning it as one of the state's most significant renewable energy commitments.

Previous Developments in Tata Power's Renewable Initiatives

Tata Power has been actively engaged in securing renewable energy contracts. In February 2025, TP Solar Limited, the solar manufacturing division of Tata Power, secured a ₹632 crore contract from the Solar Energy Corporation of India Limited (SECI). The agreement entails the supply of 292.5 MWp DCR solar modules.

This contract is part of SECI's broader 400 MWp tender, which underwent a competitive bidding process followed by an e-reverse Auction. TP Solar secured a significant portion of this project, with module deliveries scheduled for the Ramagiri site in Andhra Pradesh.

Summary

Tata Power's share price experienced a notable uptick following the announcement of a large-scale renewable energy agreement with the Andhra Pradesh Government. The MoU focuses on developing up to 7,000 MW of renewable projects, reinforcing Tata Power's commitment to green energy expansion. Additionally, Tata Power's recent ₹632 crore contract with SECI further highlights its growing presence in the renewable sector. The company's efforts align with India's broader renewable energy goals, driving future sustainability initiatives.