Tata Power up 3% on 7,000 MW Renewable Projects in Andhra

11 Mar 2025 CW Team

At approximately 10:08 AM, Tata Power's share price was trading at Rs 358.6 per share, reflecting a 2.08 per cent increase. Meanwhile, the BSE Sensex saw a 0.36 per cent gain, reaching 74,599.93. Tata Power's market capitalisation stood at Rs 1.14 trillion, with a 52-week high of Rs 494.85 per share and a 52-week low of Rs 326.25 per share.

Under the agreement, Tata Power Renewable Energy and the Andhra Pradesh government will collaborate on developing renewable energy projects, including solar, wind, and hybrid installations, with or without storage solutions. The initiative, valued at approximately Rs 490 billion, represents one of the largest renewable energy investments in the state.

The MoU is expected to contribute to economic growth by promoting skill development and supporting local livelihoods. The planned projects align with Andhra Pradesh’s Integrated Clean Energy (ICE) Policy, which targets the development of over 160 GW of renewable energy with a projected investment potential of Rs 10 trillion.

As part of the agreement, Tata Power Renewable Energy will conduct feasibility studies and preliminary assessments to evaluate project viability. The New and Renewable Energy Development Corporation of Andhra Pradesh will provide support in areas such as site identification and infrastructure for power evacuation.

Tata Power, an integrated power company under the Tata Group, manages a diversified portfolio of 15.6 GW across renewable and conventional energy sectors, covering generation, transmission, distribution, trading, storage solutions, and solar cell and module manufacturing. Over the past year, Tata Power shares have declined by 11 per cent, while the Sensex has risen by 1 per cent.

News source: Business Standard

Tata Power shares experienced a 3 per cent rise on the BSE, reaching an intraday high of Rs 361.85 per share. The increase followed an announcement that Tata Power Renewable Energy, a subsidiary of Tata Power, signed a memorandum of understanding (MoU) with the Andhra Pradesh government to develop up to 7,000 MW of renewable energy projects. At approximately 10:08 AM, Tata Power's share price was trading at Rs 358.6 per share, reflecting a 2.08 per cent increase. Meanwhile, the BSE Sensex saw a 0.36 per cent gain, reaching 74,599.93. Tata Power's market capitalisation stood at Rs 1.14 trillion, with a 52-week high of Rs 494.85 per share and a 52-week low of Rs 326.25 per share. Under the agreement, Tata Power Renewable Energy and the Andhra Pradesh government will collaborate on developing renewable energy projects, including solar, wind, and hybrid installations, with or without storage solutions. The initiative, valued at approximately Rs 490 billion, represents one of the largest renewable energy investments in the state. The MoU is expected to contribute to economic growth by promoting skill development and supporting local livelihoods. The planned projects align with Andhra Pradesh’s Integrated Clean Energy (ICE) Policy, which targets the development of over 160 GW of renewable energy with a projected investment potential of Rs 10 trillion. As part of the agreement, Tata Power Renewable Energy will conduct feasibility studies and preliminary assessments to evaluate project viability. The New and Renewable Energy Development Corporation of Andhra Pradesh will provide support in areas such as site identification and infrastructure for power evacuation. Tata Power, an integrated power company under the Tata Group, manages a diversified portfolio of 15.6 GW across renewable and conventional energy sectors, covering generation, transmission, distribution, trading, storage solutions, and solar cell and module manufacturing. Over the past year, Tata Power shares have declined by 11 per cent, while the Sensex has risen by 1 per cent. News source: Business Standard

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..