Introduction: Tata Power Company’s shares were heavily bought on Monday, but today there is a slight profit booking in the stock. The stock is trading at Rs 256.65, down 0.96 percent on Tuesday, September 5, 2023.
Tata Power Company signs agreement with Chalet Hotels for a 6 MW power plant
Tata Power Company recently signed an agreement with Chalet Hotels to set up a 6 MW power plant. This led to a bullish run on Monday. The new plant will generate 13.75 million units of green clean energy from renewable sources. Tata Power Company aims to achieve its green energy focus with this initiative.
Tata Power Company contributes to reducing carbon emissions
Tata Power Limited Company has stated that it will help reduce carbon emissions by 5500 tonnes per year through its green energy generation. Investors in Tata Power Company have earned 11 percent returns in the last one month, with the share price increasing by 23 percent in the last 6 months. The stock hit a 52-week low of Rs 182.45.
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Conclusion
Today, Tata Power Company’s stock is trading in the red, experiencing a slight profit booking after a bullish run. However, the company’s recent agreement with Chalet Hotels to set up a 6 MW power plant shows its commitment to green energy generation and reducing carbon emissions.
