Tata Group Power Company Signs PPA for Firm Renewable Project; Gujarat Cabinet Approves Supplementary Pact

In the month of March, Tata-power-company-ltd-100400">Tata Power have delivered a return of up to 18 per cent so far, providing a strong backdrop for the stock’s recent momentum. On Monday, March 23, 2026, Tata Power share price is likely to remain in focus after the company issued a clarification regarding media reports on signing a Power Purchase Agreement (PPA) with the Gujarat government for its Mundra power plant. As of 09:37, March 23, 2026, the share price of Tata Power is trading at Rs 400.

Clarification Issued on Proposed Mundra PPA Agreement

Tata Power issued a clarification regarding recent media reports about signing a Power Purchase Agreement (PPA) with the Gujarat government for its Mundra power plant. It stated that the Gujarat cabinet has already approved the supplementary PPA and a government order has been issued in this regard. However, Tata Power clarified that the agreement with Gujarat Urja Vikas Nigam Limited (GUVNL) is yet to be signed and will be executed only after receiving the necessary regulatory clearances.

Tata Power Share Price Performance 

Tata Power has delivered a return of 3.81 per cent over the past month, while its 6-month return stands at -0.46 per cent. Over a one-year period, the stock has gained 2.71 per cent. In comparison, the benchmark Nifty 50 has declined by 4.42 per cent over the same one-year period.

About Tata Power

Tata Power Company Limited is one of India’s largest integrated power companies and a part of the Tata Group. The company operates across the entire power value chain, including generation, transmission, distribution, and renewable energy. Tata Power has a diversified portfolio with a strong presence in thermal, hydro, Solar, and wind power generation. In recent years, the company has been focusing on clean energy expansion, including solar rooftop installations, utility-scale renewable projects, and electric vehicle (EV) charging infrastructure. The company also has a significant distribution business, supplying electricity to millions of consumers across multiple regions in India.

Tata Power Company Ltd has a market capitalisation of Rs 1,28,181 crore. The company has been maintaining a dividend payout of 18.9 per cent. Over the last five years, it has reported profit growth at a CAGR of 45.5 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.