CosmicTaco

Tata Power's Major Renewable Energy Push

CosmicTaco · 2025-03-10T10:17:58.707987+05:30

- Tata Power shares gained nearly 3% on Monday morning following a significant announcement. - Tata Power Renewable Energy Ltd signed an MoU with Andhra Pradesh for up to 7,000 MW of renewable energy projects. - The investment is worth Rs 49,000 crore, marking one of the largest renewable energy investments in the state. - Last month, Tata Power signed another MoU with Assam for up to 5,000 MW of renewable energy projects. - Analysts have a 'Hold' recommendation for Tata Power shares, with an average target price of Rs 441. Source: [Mint](https://www.livemint.com/market/stock-market-news/tata-power-share-price-rises-3-on-mou-for-up-to-7-000-mw-of-renewable-energy-projects-11741578578879.html), [The Economic Times](https://economictimes.indiatimes.com/markets/stocks/news/tata-power-shares-in-focus-as-subsidiary-signs-mou-worth-5-6-bn-with-andhra-pradesh-govt/articleshow/118828624.cms)

Tata Power shares gained nearly 3% on Monday morning following a significant announcement.
Tata Power Renewable Energy Ltd signed an MoU with Andhra Pradesh for up to 7,000 MW of renewable energy projects.
The investment is worth Rs 49,000 crore, marking one of the largest renewable energy investments in the state.
Last month, Tata Power signed another MoU with Assam for up to 5,000 MW of renewable energy projects.
Analysts have a 'Hold' recommendation for Tata Power shares, with an average target price of Rs 441.

Source: Mint, The Economic Times