๐ Tata Power Share Price Surges by 3% to Rs 385.75
On Monday, Tata Power’s share price was trading at Rs 385.75 with a 3% increase in the business session. Last week, the company’s shares closed at Rs 376.15 on Friday’s trading session.
๐ Recent Acquisition and Projects
Tata Power recently announced the acquisition of Jalpura Khurji Power Transition Limited project by REC Power Development and Consultancy Limited. The share price of Tata Power on Tuesday, February 20, 2024, increased by 0.13% to Rs 381 and continued to rise by 0.58% to Rs 381 on Wednesday, February 21, 2024.
๐ฐ Investment Plans and Financial Results
Media reports suggest that Tata Power will invest Rs 15,000 crore by 2028-29 to install a 2,800 MW pump hydro storage plant. The company recently announced its financial results for the December quarter, reporting a 2% increase in net profit to Rs 1,076 crore compared to Rs 1,052 crore in the same quarter last year.
Overall, Tata Power has accumulated revenue of Rs 14,841 crore for the quarter, compared to Rs 14,339 crore in the same quarter last year.
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