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Tata Power Renewable to Invest ₹49,000 Crore in Andhra Pradesh Green Energy

Synopsis:

Tata Power Renewable Energy Ltd will invest ₹49,000 crore in Andhra Pradesh’s green energy sector, targeting 7GW of solar, wind, and hybrid projects. The initiative aligns with the state’s Integrated Clean Energy Policy, aiming for 160GW of renewable capacity. Tata Power share price closed at ₹351.30.


Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power, has signed a memorandum of understanding (MoU) with the Andhra Pradesh government to develop renewable energy projects worth ₹49,000 crore. This initiative will focus on installing 7,000MW (7GW) of solar, wind, and hybrid power projects, contributing significantly to the state’s clean energy goals.

Also read: RailTel Bags ₹28.29 Crore Order from Northern Railway for Signalling Work

RAILTEL CORP OF IND LTD

Trade

292.15-6.55 (-2.19 %)

Updated - 10 March 2025
309.00day high
DAY HIGH
287.60day low
DAY LOW
3986476
VOLUME (BSE)

Key Takeaways

  • Investment Amount: ₹49,000 crore

  • Project Capacity: 7,000MW (7GW) of solar, wind, and hybrid energy

  • Policy Framework: Andhra Pradesh’s Integrated Clean Energy (ICE) Policy

  • State’s Target: 160GW renewable capacity with ₹10 lakh crore investment

  • Tata Power Share Price: Closed at ₹351.30, down by 0.76% on BSE

Also read: China Imposes Retaliatory Tariffs on Canadian Farm and Food Products

Renewable Energy Expansion Under ICE Policy

Andhra Pradesh’s Integrated Clean Energy (ICE) Policy provides a roadmap for large-scale renewable energy development. With a state-level goal of 160GW renewable capacity, the partnership between TPREL and the government aims to accelerate the transition towards sustainable energy solutions. These projects will not only support India’s green energy targets but also generate employment, enhance skill development, and contribute to the socio-economic growth of the region.

The collaboration will involve feasibility studies, site identification, and development activities supported by the New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP). These steps will ensure efficient implementation and seamless integration of the proposed renewable energy projects.

Tata Power’s Renewable Energy Expansion Plan

Parameter

Details

Investment Amount

₹49,000 crore

Project Capacity

7GW (solar, wind, hybrid)

Policy Framework

Integrated Clean Energy (ICE) Policy

Andhra Pradesh’s Renewable Goal

160GW with ₹10 lakh crore investment

Tata Power Share Price

₹351.30 (-0.76%)

Tata Power Share Price Performance

Tata Power share price closed at ₹351.30 on the BSE, reflecting a 0.76% decline amid the announcement. While the stock saw a marginal dip, the long-term impact of this investment could boost investor sentiment as the company expands its renewable energy footprint.

Tata Power Renewable Energy Ltd’s investment in Andhra Pradesh marks a major step in India’s renewable energy transition. The ₹49,000 crore project will not only enhance clean energy generation but also position Andhra Pradesh as a leader in sustainable development. With strong policy backing and strategic planning, the initiative is set to play a key role in the future of India’s energy sector.

Also read: Oil Falls to Near Six-Month Low as Weak China Data Fuels Demand Concerns

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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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