After agreement with Rajasthan government, Tata Power’s shares become rocket, making investors rich
Tata power share price: After Monday’s huge fall in the stock market, a flat opening was seen on Tuesday. However, after a few minutes Nifty reached around 25,900, while Sensex crossed the level of 84,600. Meanwhile, Ratan Tata-owned energy company Tata Power has registered gains today.
On Tuesday, Tata Power shares are trading at Rs 481, up 1% from its previous close of Rs 428.60 at 10 am. This rise has come after the company signed an investment proposal of Rs 1.2 lakh crore in Rajasthan. The project includes initiatives across manufacturing, transmission, distribution, nuclear power, rooftop solar installation, and EV charging infrastructure.
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On September 30, 2024, the counter closed the market at Rs 482.7. In the last trading session, the shares touched an intraday high of Rs 489.0 and an intraday low of Rs 473.65. The market capitalization of the company as of September 30, 2024 was Rs 1,54,239.04 crore. Shares of Tata Power Company recorded a 52-week high of Rs 494.85 and low of Rs 230.75. The trading volume on BSE on September 30, 2024 was 6,87,338 shares.
Investment worth Rs 1.2 lakh crore
Tata Power has signed an initial agreement with the Rajasthan government to invest Rs 1.2 lakh crore in the state’s power sector, of which Rs 75,000 crore will be invested in green energy. This 10-year plan aims to transform Rajasthan into a power surplus state and ensure 24-hour clean, affordable and reliable power supply.
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Disclaimer: Prabhat Khabar does not advise anyone to invest in shares of any company. It is subject to market risks. Before investing, definitely take advice from a market expert.
