Tata Energy portion tag jumps 5% on bagging Rs 1,730-crore NTPC mission

Tata Energy Solar Systems has bought the Letter of Award to invent the 300 MW CPSU-II for NTPC.

The portion tag of Tata Energy Company jumped 5 percent intraday on April 7 after the firm got a Rs 1,730-crore mission from NTPC.

Tata Energy Solar Systems, a totally-owned subsidiary of Tata Energy, bought the Letter of Award to invent the 300 MW CPSU-II for NTPC at an all-inclusive tag of Rs 1,730.16 crore.

The industrial operation date (COD) for this grid-connected portray voltaic photovoltaic mission is September 2021. The uncover e book of Tata Energy Solar now stands at spherical Rs 8,541 crore, the firm stated in a filing to the exchanges.

“It is projects admire these which mark the trust in Tata Energy’s mission administration and execution skills. This uncover is a motivation for us to proceed specializing in delivering the handiest to our potentialities, as per their expectations,” Tata Energy CEO & MD Praveer Sinha stated.

The inventory, which slipped 28 percent within the closing month, was once quoting at Rs 31.70, up Rs 1.50, or 4.97 percent. It has touched an intraday excessive of Rs 31.80 and an intraday low of Rs 30.80.

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First Printed on Apr 7, 2020 12: 04 pm

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