Tata Power – Tata Motors – Solar Deal

Tata Power Shares Take the Spotlight: Solar Deal with Tata Motors’ Unit Draws Attention

Tata Power shares made a steady start today at Rs 230.05 on the BSE (Bombay Stock Exchange). They later climbed to an intraday high of Rs 240.30, marking a solid 4.47% increase.

Tata Power – Tata Motors – Shares in Spotlight

TopicDetails
Tata Power Shares Performance– Opening Price: Rs 230.05 (BSE)
– Intraday High: Rs 240.30
– Increase: 4.47%
Tata Power Renewable Energy Deal– Subsidiary: Tata Power Renewable Energy Ltd (TPREL)
– Deal: 9MWp solar plant with Tata Motors’ Pantnagar plant
– Location: Uttarakhand
– Facility: Largest on-campus solar plant in Uttarakhand
– Timeline: Commissioned within 6 months of PPA execution date
Past Solar Collaboration– Previous Project: 7 MWp solar project with Tata Motors at Pantnagar
– Cumulative Solar Capacity: 16 MWp
– Annual Generation: 224 lakh units (60% of annual energy needs)
Tata Power’s Stock Performance– Previous Session: Increase of 4.07%, Closing at Rs 239.35
– Current Session: Opening at Rs 230.05, Intraday High of Rs 240.30
– Trading: 6.28 lakh shares, Turnover of Rs 14.81 crore
– Market Cap: Rs 76,480 crore
Technical Insights– Relative Strength Index (RSI): 60.6 (Balanced state)
– One-year Beta: 1 (Average volatility)
– Moving Averages: Trading above 5-day, 10-day, 20-day, 50-day, 100-day, and 200-day averages
Details of Solar Project– Approach: Rooftop and Ground-Mounted Units
– Focus: Maximized energy generation capacity
TPREL’s Renewable Capacity– Anticipated Capacity: 7,783 MW
– Projects in Development: 3,651 MW
– Current Operational Capacity: 4,132 MW
– Solar Contribution: 3,139 MW

Here’s What’s Happening – Tata Power, Tata Motors


Tata Power’s subsidiary, Tata Power Renewable Energy Ltd (TPREL), has made an important move. They’ve signed a deal to supply power to Tata Motors’ Pantnagar plant in Uttarakhand through a 9MWp on-campus solar facility. This solar plant is set to become the largest of its kind in Uttarakhand. The plan is to have it up and running within six months from when the power purchase agreement (PPA) is put into action.

What’s More – Tata Power, Tata Motors

This isn’t the first time Tata Power has teamed up with Tata Motors for a solar initiative. In the past, they successfully set up a 7 MWp solar project at Tata Motors’ Pantnagar production site. The result was a cumulative solar capacity of 16 MWp for the plant. This capacity is expected to generate a whopping 224 lakh units of electricity annually, covering nearly 60% of the plant’s yearly energy requirements.

Looking at the Financial Picture – Tata Power, Tata Motors

Tata Power’s stock showed impressive gains in the previous session, closing 4.07% higher at Rs 239.35 on the BSE. Today, it kicked off at Rs 230.05 and reached an intraday peak of Rs 240.30, rising by 4.47%. During trading, around 6.28 lakh shares were traded, totaling a turnover of Rs 14.81 crore on the BSE. The company’s market capitalization stood at Rs 76,480 crore.

Insights from the Technical Side -Tata Power, Tata Motors

From a technical perspective, the stock’s relative strength index (RSI) sits at 60.6, indicating that the stock is in a balanced state, neither oversold nor overbought. Additionally, with a one-year beta of 1, Tata Power’s stock has shown average volatility over the past year. Looking at moving averages, the stock is trading above its 5-day, 10-day, 20-day, 50-day, 100-day, and 200-day averages.

Details about the Solar Project – Tata Power, Tata Motors

TPREL plans to set up the solar plant using both rooftop and ground-mounted units. This approach is expected to maximize the plant’s energy generation capacity.

A Bigger Picture for TPREL – Tata Power, Tata Motors

According to Tata Power, TPREL’s overall renewable capacity is on track to reach an impressive 7,783 MW. Of this capacity, 3,651 MW is currently in various stages of development. Currently, TPREL operates with a capacity of 4,132 MW, derived from various sources, with 3,139 MW generated from solar energy.

In Short – Tata Power, Tata Motors Shares

Tata Power’s shares are making waves as its subsidiary partners up with Tata Motors for a game-changing solar project. This green energy endeavor not only boosts Tata Motors’ sustainability efforts but also reflects positively on Tata Power’s stock performance. The future looks bright for Tata Power’s renewable energy ambitions, with significant capacity expansion on the horizon.

Frequently asked questions (FAQs)

1. How are Tata Power shares performing recently?

  • Tata Power shares opened at Rs 230.05 on the BSE and reached an intraday high of Rs 240.30, indicating a 4.47% increase.

2. What’s the significant news related to Tata Power Renewable Energy Ltd (TPREL)?

  • TPREL, a subsidiary of Tata Power, has entered into a power purchase agreement (PPA) with Tata Motors’ Pantnagar plant in Uttarakhand for a 9MWp on-campus solar plant. This solar facility will be the largest of its kind in Uttarakhand and is expected to be operational within six months from the PPA execution date.

3. Has Tata Power collaborated with Tata Motors on solar projects before?

  • Yes, Tata Power and Tata Motors have previously worked together on a 7 MWp solar project at Tata Motors’ Pantnagar production facility. This collaboration has resulted in a cumulative solar capacity of 16 MWp, capable of generating around 224 lakh units annually, covering almost 60% of the plant’s energy needs.

4. How has Tata Power’s stock performed recently in terms of trading?

  • In the previous trading session, Tata Power’s stock showed an increase of 4.07%, closing at Rs 239.35 on the BSE. The current trading session saw the stock opening at Rs 230.05 and reaching an intraday high of Rs 240.30. About 6.28 lakh shares were traded, with a turnover of Rs 14.81 crore on the BSE. The company’s market capitalization stood at Rs 76,480 crore.

5. Could you provide insights into the technical aspects of Tata Power’s stock?

  • The stock’s relative strength index (RSI) stands at 60.6, indicating a balanced state without being oversold or overbought. Its one-year beta is 1, reflecting average volatility. Additionally, the stock is currently trading above its 5-day, 10-day, 20-day, 50-day, 100-day, and 200-day moving averages.

6. What’s the approach for the solar project set up by TPREL?

  • The solar project is set to utilize both rooftop and ground-mounted units, aiming to maximize the energy generation capacity of the plant.

7. What are the future plans for Tata Power Renewable Energy Ltd (TPREL)?

  • TPREL’s renewable capacity is projected to reach 7,783 MW, with 3,651 MW in various stages of development. Currently, its operational capacity stands at 4,132 MW, with 3,139 MW being generated from solar energy sources.

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