Tata Power Surges 4% After TPREL Bags 200MW NTPC Project

On Tuesday, the shares of Tata Power Company Limited surged upto 4.4% during the day’s trade after its subsidiary Tata Power Renewable Energy Limited (TPREL) signed a Power Purchase Agreement (PPA) with NTPC Limited.

The agreement involves an assured power supply of 200 MW Firm and Dispatchable Renewable Energy (FDRE) project to NTPC Limited worth approximately Rs. 4,500 crore. The project is spread across multiple locations in India and set to be completed within 24 months. It is expected to generate approximately 1,300 million units (MUs) of electricity annually, while mitigating over 1 million tons of carbon dioxide emissions per year.

This project was won by TPREL through competitive bidding and includes Solar, Wind and Battery Energy Storage System (BESS) technologies. A key feature of this initiative is the commitment to a 4-hour peak power supply, while ensuring at least 90 percent availability during peak demand hours to support distribution companies, as per the company’s exchange filing.

This collaboration strengthens TPREL’s position as a leader in India’s renewable energy sector with hybrid and complex renewable projects consisting of solar, wind, and BESS. With this project, TPREL’s total renewable utility capacity has reached 10.9 GW. Currently, it has 5.5 GW of this capacity operational, including 4.5 GW of solar and 1 GW of wind energy.

Additionally, 5.4 GW is under various stages of implementation, evenly split between 2.7 GW of solar and 2.7 GW of wind projects. These ongoing projects are expected to be completed in various phases spread over the next 6 to 24 months.

Tata Power Limited is India’s largest integrated power company, operating across generation, transmission, distribution, and renewables. It is transitioning from fossil fuels to green energy, targeting 70 percent renewable capacity by 2030. The company also focuses on consumer-centric solutions like rooftop solar, EV charging, and Energy-as-a-Service (EaaS). It plans to phase out its thermal portfolio by 2045 as power purchase agreements expire.

India’s power demand is rising rapidly, with peak electricity expected to grow by 9 to 10 percent in 2025 due to economic growth, urbanization, and climate-induced heatwaves. Installed capacity aims to reach 609 GW by 2031-32, with renewables targeting 500 GW, as per sources. Despite coal’s dominance, renewables like solar and wind are expanding fast, thus supporting a cleaner energy transition. The challenge remains in grid integration and transmission. Overall, India’s power sector outlook is strong, driven by rising industrial and residential consumption and government support for capacity expansion and decarbonization.