Tata Power shares in focus after co proposes to invest Rs 1.2 lakh crore in Rajasthan
Tata Power will be in focus in Tuesday's trade after the company announced the signing of a landmark memorandum of understanding (MoU) with the Rajasthan government.
The agreement was signed during the ongoing Rising Rajasthan Investor Meet in New Delhi and the proposed investment plan under it will be Rs 1.2 lakh crore.
This ambitious 10-year plan aims to support Rajasthan's transformation into a power surplus state, providing 24/7 clean, affordable, and reliable power supply with investments in renewable energy projects and manufacturing, transmission, distribution, nuclear power, rooftop installations, and EV charging.
«The MoU will place Rajasthan at the heart of the nation's clean energy transition, contributing significantly to India's energy goals,» said Tata Power
This agreement involves comprehensive investment across the power value chain, from generation to transmission and distribution (T&D) reforms, as well as cutting-edge renewable energy projects across the state, including solar, wind, hybrid, and battery energy storage systems (BESS) including rooftop solar and EV Charging.
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