Tata Power Stock Jumps 3% on Landmark 7,000 MW Green Energy Deal!
Tata Power’s share price saw a strong upward movement on Monday morning, rising nearly 3% in early trading. The surge came after the company announced that its subsidiary, Tata Power Renewable Energy Limited (TPREL), had signed a Memorandum of Understanding (MOU) with the Andhra Pradesh government for the development of up to 7,000 MW of renewable energy projects. The announcement was made by Tata Power on Friday after market hours.
Following this development, Tata Power’s stock opened at ₹356.95 on the Bombay Stock Exchange (BSE) on Monday, reflecting an increase from the previous closing price of ₹351.30 recorded on Friday. As trading progressed, the stock continued its upward trajectory, reaching an intraday high of ₹361.85. This represented an approximate gain of 3% compared to the previous session’s closing price.
The MOU with the Andhra Pradesh government marks a significant step in Tata Power’s renewable energy expansion strategy, aligning with India’s broader push toward sustainable and clean energy solutions. Investors reacted positively to the news, contributing to the stock’s early morning gains.
Tata Power Renewable Energy Limited Signs MOU with Andhra Pradesh Government for Up to 7,000 MW of Renewable Energy Projects
Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has signed a Memorandum of Understanding (MOU) with the Government of Andhra Pradesh to collaborate on the development of renewable energy projects with a capacity of up to 7,000 MW (7 GW). The agreement was formalized in Amaravati, the capital of Andhra Pradesh, marking a significant milestone in the state’s efforts to enhance its renewable energy capacity.
This partnership aims to support Andhra Pradesh’s clean energy transition by identifying and exploring opportunities for large-scale renewable energy projects. The collaboration will include a mix of renewable energy sources, such as solar and wind power, as well as hybrid projects that may incorporate energy storage solutions. By leveraging TPREL’s expertise in renewable energy development and the state’s commitment to sustainable power generation, the initiative seeks to contribute to India’s broader clean energy goals while meeting the growing energy demands of the region.
The signing of this MOU underscores Andhra Pradesh’s ambition to become a key player in India’s renewable energy sector and highlights Tata Power’s continued commitment to expanding its green energy portfolio. The partnership is expected to pave the way for innovative renewable energy solutions that enhance grid stability and provide sustainable power to industries and consumers in the state.
The proposed renewable energy projects under the agreement between Tata Power Renewable Energy Limited (TPREL) and the Andhra Pradesh government are expected to attract a substantial investment of up to ₹49,000 crore, according to the company. This makes it one of the most significant renewable energy investments in the state, reinforcing Andhra Pradesh’s commitment to expanding its clean energy infrastructure.
The large-scale investment is expected to support the development of various renewable energy initiatives, including solar, wind, and hybrid projects, with or without storage solutions. By facilitating such a high level of funding, the initiative aims to enhance the state’s renewable energy capacity, drive economic growth, and create employment opportunities in the clean energy sector.
This investment also aligns with India’s broader sustainability goals, helping to increase the share of renewable energy in the national power grid. With a focus on innovation and long-term sustainability, the partnership between TPREL and the Andhra Pradesh government is poised to make a significant impact on the region’s energy landscape.
Tata Power Continues Strong Project Momentum with ₹632 Crore Solar Module Contract from SECI
Tata Power has been making headlines with a series of project developments, reinforcing its growing presence in the renewable energy sector. In late February 2025, TP Solar Limited, the solar manufacturing arm of Tata Power, secured a significant contract worth ₹632 crore from the Solar Energy Corporation of India Limited (SECI). The contract is for the supply of 292.5 MWp domestically manufactured solar modules under the Domestic Content Requirement (DCR) category.
As part of this agreement, TP Solar will deliver high-quality DCR solar modules to a designated project site located in Ramagiri, Andhra Pradesh. These modules will be used to support SECI’s broader renewable energy initiatives in the region. The contract was awarded following a competitive bid submission process, which was subsequently followed by an e-Reverse Auction to determine the final allocation.
The project is part of SECI’s larger 400 MWp tender for DCR solar modules. Within this allocation, TP Solar emerged as a major supplier, securing 292.5 MWp of the total 400 MWp module requirement. This development highlights Tata Power’s expanding role in India’s solar manufacturing ecosystem and its commitment to strengthening domestic solar production capabilities under the government’s renewable energy initiatives.
The successful acquisition of this contract further solidifies Tata Power’s position as a key contributor to India’s clean energy transition, supporting the country’s vision of increasing renewable energy adoption while promoting domestic solar manufacturing.
