Tata Power shares gain over 3% in trade on Monday: Here's why

Shares of Tata Power on Monday's trade gained over 3 per cent in Monday's session (March 10, 2025) after the Tata group's integrated renewable energy arm inked a MoU with Andhra Pradesh g for developing upto 7,000 MW of renewable energy projects.

Tata Power shares as at the last count traded higher by over 1.5 per cent or Rs 5.55 at Rs 356.85 per share on the BSE.

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited and a leading player in India’s renewable energy sector, has signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to collaborate and explore opportunities in the development of renewable energy projects in the state.

The MoU was signed at Amaravati in Andhra Pradesh and marks a significant step towards advancing the state’s renewable energy ambitions. Under this strategic agreement, TPREL and the Government of Andhra Pradesh will jointly explore Renewable Energy (RE) development opportunities of up to 7,000 MW (7 GW), including Solar, Wind, and Hybrid projects with or without storage solutions.

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The estimated investment in these projects stands at approximately upto Rs 49,000 crore, making it one of the largest renewable energy investments in the state. This partnership aligns with the State’s vision to enhance its renewable energy portfolio and accelerate the transition towards a sustainable and green energy future. Additionally, beyond contributing to Andhra Pradesh’s clean energy targets, this MoU will provide a boost to the local economy, foster skill development and support livelihoods, ultimately contributing to the socio-economic growth of the state. 

Tata Power share price performance

On a year-to-date basis, the stock has plunged 9 per cent, while in the last 3 years it has given a yield of 54 per cent.

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