Tata Power Company's stock rose to ₹413.10, marking a gain of 1.14% or ₹4.65 from its previous close of ₹408.45 on the BSE. The stock opened at ₹414.05, with intraday highs and lows of ₹416.70 and ₹411.95 respectively. Trading volume reached 1,11,045 shares.

The company’s stock, part of the BSE 'A' group with a face value of ₹1, has a 52-week high of ₹494.85 (achieved on September 27, 2024) and a 52-week low of ₹256.95 (on November 24, 2023). In the past week, it traded between ₹417.80 and ₹397.50. Tata Power's market capitalization currently stands at ₹1,30,513.64 crore, with promoters holding a 46.86% stake, while institutions and non-institutional investors hold 26.13% and 27.02%, respectively.

In a significant development, Tata Power signed a Memorandum of Understanding (MoU) with the Asian Development Bank (ADB) during COP29 in Baku, Azerbaijan. This partnership aims to explore funding opportunities for strategic projects focused on bolstering India’s power infrastructure and advancing renewable energy initiatives.

The MoU includes evaluating financing options for projects like the 966 MW Solar-Wind Hybrid project, Pumped Hydro Storage, and other energy transition projects involving decarbonization and battery storage. Additionally, it covers ongoing investments in Tata Power's distribution network enhancement. The total estimated cost of these projects is around $4.25 billion.

Tata Power, India’s largest integrated power company, continues to lead innovations in energy technology, processes, and platforms, reinforcing its position in the renewable energy sector.