Tata Power Edges Higher After Winning Rs 686 Crore Order From NTPC

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Shares of Tata Power have been final buying and selling 0.56 per cent greater at Rs 108.65 on the BSE.

Share worth of Tata Power Solar edged marginally greater by round one per cent on Thursday, June 3, a day after the corporate bagged an engineering, procurement and building (EPC) contract for Rs 686 crore NTPC Limited to arrange photo voltaic photovoltaic (PV) initiatives. On Thursday, Tata Power opened on the BSE at Rs 110.25, registering an intra day excessive of Rs 110.50 and an intra day low of Rs 107.90, within the buying and selling session up to now. According to a regulatory submitting by the agency to the BSE, Tata Power acquired a letter of award (LoA) to construct 210 MWp of photo voltaic PV initiatives for NTPC.

According to the assertion, the whole order worth of the initiatives is roughly Rs 686 crore. The commissioning date for NTPC is about as November 2022. Tata Power Solar is the nation’s largest built-in photo voltaic firm.

With the present contract, the order pipeline of Tata Power Solar stands at round 2.8 GW with an approximate worth of Rs 13,000 crore. The scope of the venture consists of transmission, land, engineering, set up, procurement, in addition to commissioning of the photo voltaic initiatives. The NTPC venture web site is positioned in Gujarat, stated Tata Power Solar in its assertion.

On the NSE, Tata Power opened at Rs 110, swinging to an intra day excessive of Rs 110.50 and an intra day low of Rs 107.90, within the session up to now. It was final buying and selling 0.23 per cent greater at Rs 108.35 on the NSE.

Shares of Tata Power have been final buying and selling 0.56 per cent greater at Rs 108.65 on the BSE. 



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