Tata Power gains on entering into strategic partnership with Noida International Airport

Tata Power Company Ltd. | Power Generation/Distribution | Power | BSE: 500400 | NSE: TATAPOWER

11 Nov 2024 Evaluate

Tata Power Company is currently trading at Rs. 433.90, up by 1.30 points or 0.30% from its previous closing of Rs. 432.60 on the BSE.

The scrip opened at Rs. 432.40 and has touched a high and low of Rs. 437.65 and Rs. 428.00 respectively. So far 494294 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 494.85 on 27-Sep-2024 and a 52 week low of Rs. 246.95 on 10-Nov-2023.

Last one week high and low of the scrip stood at Rs. 454.80 and Rs. 426.00 respectively. The current market cap of the company is Rs. 138086.60 crore.

The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 26.13% and 27.02% respectively.

Tata Power Company has entered into a strategic partnership for RE integration with Noida International Airport (NIA). Tata Power will invest Rs 550 crore ($66 million) in solar and wind power supply, and the development of critical dry utilities and smart energy infrastructure.

Under the arrangement, Tata Power's arm Tata Power Trading Company (TPTCL) will supply 10.8 MW of wind power to the airport with secured assets from Tata Power Renewable Energy (TPREL). TPREL will also develop, operate, and maintain a 13 MW onsite solar power capacity to contribute to the airport's overall energy needs.

The first phase of Noida International Airport, featuring one runway and one terminal, will have the capacity to handle traffic of 12 million passengers annually. Upon completion of all four development phases, the airport will be able to cater to 70 million passengers per year.

Tata Power Company is India’s largest integrated power company. It is a pioneer credited with steering the energy sector on technology, process and platform.

Tata Power Share Price

375.65 0.30 (0.08%)

02-Jul-2026 13:15 View Price Chart

Peers

Company Name	CMP
NTPC	358.10
Tata Power	375.65
Power Grid Corpn.	288.10
Adani Power	225.00
Torrent Power	1397.40
View more..

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