Tata Power share price: On Friday, March 20, shares of Tata Power Company surged as much as 5% to reach a high of ₹418.45 per share on the NSE. According to news reports, Gujarat has approved a revised power supply agreement with Tata Power, paving the way for the resumption of long-term electricity supply from its 4-gigawatt Mundra plant.
According to news sources, the imported coal-fired facility has been closed for the last six months since the government removed the emergency clause that paid businesses for using pricey imported coal to generate electricity last year.
The proposed purchase of a 40% equity investment in Dorjilung Hydro Power Limited (‘DHPL’), a special purpose vehicle (‘SPV’), in one or more tranches was announced to stock exchanges by Tata Power on March 9, 2026.
According to the corporation, Druk Green Power Corporation Limited (DGPC) and Tata Power have signed a shareholders’ agreement.We would like to let you know about more developments, specifically the initial phase of the strategic investment. Out of a total investment of about ₹1,572 crore, the company invested ₹50 crore in the first tranche and subscribed to 50,00,000 equity shares for ₹100 apiece, which is equal to 40% of DHPL’s issued and paid-up equity capital.”
Tata Power is expected to gain from the authorised hydro power development
A small hydro power development program of ₹2,585 crore was approved by the Union Cabinet on Wednesday in order to accelerate the development of 1,500 MW of renewable capacity.
Analysts predict that Tata Power Company will profit from it.Union Minister Ashwini Vaishnaw told reporters following the Union Cabinet meeting in the nation’s capital, “The Cabinet approved a small hydro power development scheme with an outlay of ₹2,585 crore.”
According to the minister, this is a crucial choice for the nation’s environment. Without building dams and uprooting people, the projects will be developed as run-of-river projects.
