Tata Power is working hard to provide the world with clean and green energy, and their newest action is making people really happy. They've partnered with the ANAND Group, which is known for making car parts, to work together on something amazing – a special solar project. This project is focused on collecting energy from the sun and doing good things for the environment.
What's the Big Deal?
Tata Power Renewable Energy Limited (TPREL), a branch of Tata Power, has sealed a special agreement with the ANAND Group. This deal is all about creating a 4.4 MW AC solar project together. But it's not just about the project – it's about delivering clean energy. The goal is to generate a massive 10 million units of clean energy from renewable sources. And that's not all – this effort is predicted to reduce a whopping 5,500 tonnes of carbon emissions every year. That's like taking a lot of cars off the road in terms of emissions!
Tata Power and ANAND Group: Green Partners
This isn't the first time Tata Power and the ANAND Group have joined forces. Earlier, they worked together on a Solar PV park power project in Maharashtra, generating clean energy from the sun. Now, they're back at it with an even more powerful collaboration.
Tata Power's Impressive Record
Tata Power Renewable Energy Limited is showing off some impressive numbers. With this new project, they've reached an incredible total renewable capacity of 7,787 MW. This is like having a giant battery of green energy! Inside this big number, they have a lot of projects in different stages of development, adding up to 3,655 MW. The energy they're actually producing right now is 4,132 MW, which is a huge achievement. Their energy comes from both the sun (3,139 MW) and the wind (993 MW).
Shares on the Rise
With such great news, it's no wonder Tata Power's shares are getting a boost. The market has taken notice, and as of 09.46 am on the BSE, Tata Power's shares jumped up by 1.22% to reach Rs 246.
Brightening the Future
Tata Power and the ANAND Group are like sunlight for a greener future. By harnessing the sun's energy, they're not only creating a bright tomorrow, but they're also making the world cleaner and better for all of us. As Tata Power continues to lead the way in green energy, they're showing us that we can power up our lives while taking care of our planet.
Important Note: Share prices can change, so it's smart to chat with financial experts before making any investment choices.