Tata Power Stock Rises Over 3% as Renewable Arm Signs 838 MW Wind Project Deal with Suzlon

Mumbai, September 16, 2025 – Shares of Tata Power Company Ltd (NSE: TATAPOWER, BSE: 500400) surged 3.04% to ₹399.80 in morning trade on Tuesday after the company announced that its renewable subsidiary has inked a major clean energy agreement with Suzlon.

Market Snapshot

As of September 16, 2025, 12:47 pm, shares of the company were trading at ₹396.15, up by 8.15 points, a 2.10% increase. The company had an overall traded volume of 74.26 lakhs shares while its total traded value and total market cap stood at ₹294.62 crore and ₹1,26,519.47 crore respectively.

Key Development: 838 MW Wind Energy Collaboration

As per the regulatory filing done by Tata Power Company Ltd, its wholly owned subsidiary, Tata Power Renewable Energy Ltd (TPREL), has partnered with Suzlon Group to co-develop wind energy projects. The total capacity of the projects will be 838 MW. The timeline for completion of the projects is scheduled over the next few years.

This collaboration marks the third strategic partnership between TPREL and Suzlon. Under the contract, Suzlon will supply wind turbine generators across multiple states. The collaboration reinforces Tata Power’s renewable push. TPREL currently has a wind portfolio of over 3.9 GW, with more than 1 GW of it being operational. The rest of its portfolio is under development across several states, including Rajasthan, Gujarat, Madhya Pradesh, Maharashtra, Andhra Pradesh, Karnataka, and Tamil Nadu.

REF: https://nsearchives.nseindia.com/corporate/VPTPCL_16092025102301_Press_Release.pdf

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