Tata Power in Spotlight After Unveiling ₹1.2 Lakh Crore Investment with Rajasthan Govt for Renewable Energy Projects

Shares of Tata Power are expected to gain attention on Tuesday after the company announced a major investment plan in partnership with the Rajasthan government. The two parties signed a significant memorandum of understanding (MoU) during the Rising Rajasthan Investor Meet in New Delhi.

The agreement outlines an ambitious 10-year investment plan worth ₹1.2 lakh crore. This initiative is aimed at transforming Rajasthan into a power surplus state, ensuring 24/7 clean, affordable, and reliable energy. The investment will focus on renewable energy projects, including solar, wind, hybrid, and battery energy storage systems (BESS), as well as manufacturing, transmission, distribution, and electric vehicle (EV) charging stations.

Tata Power emphasized that this MoU will make Rajasthan a key player in India’s clean energy transition and contribute to the country’s energy goals.

The plan involves comprehensive investments across the power sector, from generation to transmission and distribution, with cutting-edge renewable energy projects across the state. This includes rooftop solar installations and EV charging infrastructure.

Tata Power’s CEO & MD, Praveer Sinha, highlighted the partnership with the Rajasthan government as a shared vision to build a low-carbon and sustainable energy system, benefiting both the state’s energy needs and its economy.

Key points of the agreement include an investment of ₹1.2 lakh crore, with ₹75,000 crore dedicated to renewable energy. The company plans to develop 10,000 MW of renewable energy, including 6,000 MW of solar power and 4,000 MW of hybrid energy, across regions like Bikaner, Jaisalmer, Barmer, and Jodhpur.

Additionally, Tata Power will set up a 2,000 MW solar module manufacturing plant in Jodhpur, investing ₹2,000 crore to strengthen India’s domestic manufacturing capabilities.

Tata Power shares closed 0.62% lower at ₹482.5 on the NSE.