Tata Power Stocks Gained 1.50% After Bikaner Power Project Installation!

Tata Power subsidiary – Tata Power Renewable Energy (TPREL) has commissioned a 110 MW solar power project in Bikaner, Rajasthan. The project will supply 110 MW of green power to the Kerala State Electricity Board. The project is expected to generate around 211 MUs (million units) and reduce a 2,58,257 MT (metric tonne) carbon footprint annually. 

The project has used 2,59,272 mono-bifacial PERC half-cell modules. In spite of the various challenges such as tough land topography, extreme weather conditions, temperatures touching more than 50 degrees, the coldest of winters and sandstorms, along with adverse geopolitical challenges, the project was completed within a stipulated period of 7 months. This project is one of the fastest commissioned projects in Rajasthan, backed by a skilled team, cutting-edge technology, and experienced leadership.   

With this installation, the total renewables capacity of TPREL reaches 6,788 MW with an installed capacity of 4047MW (Solar – 3,106 MW & Wind – 941 MW) and 2,741 MW under various stages of implementation.  

Tata Power Company Limited is primarily involved in the business of the generation, transmission, and distribution of electricity. It aims to produce electricity completely through renewable sources. It also manufactures solar roofs and plans to build 1 lakh EV charging stations by 2025.   

Today, the stock opened at Rs 216.35, with a high and low of Rs 219.40 and Rs 216.25. The stock closed trading at Rs 218.95, up by 1.55%.      

The stock has a 52-week high of Rs 251 and a 52-week low of Rs 182.45. The company has a market capitalisation of Rs 69,961.96 crore.    

The Indian power sector is going through reform, and investors should keep a close eye on this power stock.