On April 15, 2025, shares of Tata Power Company Ltd saw a rally on the back of a new renewable energy partnership. The stock rose 4.3% intraday, hitting a high of ₹380.5 per share on the BSE, after news broke that Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power, had signed a significant Power Purchase Agreement (PPA) with NTPC Limited.

The agreement is for a 200 MW firm and dispatchable renewable energy project, with an estimated project value of ₹4,500 crore. The project must be completed within 24 months and will feature a 4-hour peak power supply model. It promises to deliver 90% availability during peak demand hours, which could significantly support India’s growing energy needs.

Project Details and Renewable Goals

This 200 MW project will incorporate solar, wind, and battery energy storage systems (BESS). It’s expected to generate about 1,300 million units (MUs) of electricity each year and help reduce over 1 million tonnes of CO₂ emissions annually.

With this addition, Tata Power Renewable Energy’s total renewable utility capacity now stands at 10.9 GW. Of this, 5.5 GW is already operational—made up of 4.5 GW solar and 1 GW wind—while another 5.4 GW is under development, split evenly between solar and wind.

Stock Performance and Market Reaction

The stock gained investor attention quickly. At 10:29 AM, Tata Power shares were trading at ₹378.3, up 3.79%, while the broader BSE Sensex rose 2.11% to 76,744.32. By 12:54 PM, the stock was priced at ₹378.90, showing a gain of 3.96% for the day.

Although the stock has lost about 13.3810.7% over the past year, this positive news has helped it regain momentum. For context, the stock’s 52-week high is ₹494.85, and its 52-week low is ₹326.35.

Let’s take a look at its Factor Analysis:

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