Tata Power shares have delivered solid returns across various periods. In the past month, the stock gained 5.76%, while over six months, it rose 11.70%. Year-to-date, it posted impressive growth of 33.95%, and over the last year, the stock surged 62.71%, reflecting strong and consistent momentum.
Tata Power Company’s stock surged over 6% on Tuesday, reaching Rs 445 on the NSE by early afternoon. The rise follows the announcement that TP Solar, a subsidiary of Tata Power, has commenced commercial production of solar cells at its newly established plant in Tirunelveli, Tamil Nadu.
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Largest Solar Facility in India
The 4.3 GW facility is India’s largest single-location solar cell and module manufacturing plant, equipped with advanced TOPCon and Mono Perc technologies designed to enhance solar cell efficiency.
This development is expected to significantly boost domestic manufacturing capabilities and contribute to India’s ambitious solar energy and net-zero targets.
Commercial Production Begins with 2 GW Solar Cell Line
TP Solar, a subsidiary of Tata Power Renewable Energy Limited (TPREL), has initiated commercial production with a 2 GW solar cell line, following the earlier successful launch of its solar module production.
The remaining 2 GW capacity is expected to be operational within the next 4-6 weeks, reaching full production capacity within a few months.
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Expanding Manufacturing Capabilities
The Tirunelveli plant, which began module production in October 2023, has already produced 1,250 MW of solar modules. Tata Power has invested approximately Rs 4,300 crore in this facility, which will initially support the company’s ongoing solar projects while enhancing its overall supply chain. The company also plans to explore broader market distribution as production ramps up.
Tata Power’s Existing Solar Production in Bengaluru
In addition to the new Tirunelveli facility, Tata Power operates an existing manufacturing plant in Bengaluru with a production capacity of 682 MW for solar modules and 530 MW for solar cells. To date, this facility has supplied 3.73 GW of solar modules and 2.26 GW of solar cells, further strengthening Tata Power’s position in the renewable energy market.
This expansion underscores Tata Power’s commitment to boosting India’s solar manufacturing infrastructure and supporting the country’s transition to renewable energy.
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Tata Power Stock Performance in Last One Year
The shares of Tata Power have demonstrated positive returns across various time intervals. In the last month, the stock delivered a positive return of 5.76%. Over the past six months, it exhibited strong momentum with returns of 11.70%, indicating a robust performance.
Year-to-date figures further emphasized the stock’s bullish trend, recording an impressive growth of 33.95%. Looking at the broader horizon, the shares have shown consistent strength, given returns of over 62.71% in the last year.
