Tata Power Company Limited has informed the Exchange about Rumour Verification - Regulation 30(11)

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TATAPOWER · price

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Price reactionminutes from the announcement price · days from the prior close

-4.9%Reaction day

₹402.60

prior close

₹402.70

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-2.8%-2.1% vs market

Power peers, median of 37sector · industry level-4.6%-0.3% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty 100 and 0.3 pts less than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-4.9-2.8-2.1-4.6-0.3

Next day

-4.4-1.1-3.2-2.7-1.7

-3.0+0.6-3.6-1.7-1.3

-4.4-1.5-2.8-5.1+0.7

-5.9-3.7-2.2-8.2+2.3

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-4.7-0.8-3.9-0.1-4.6

15d

+6.2+6.2-0.0+15.9-9.7

+7.0+5.6+1.4+18.4-11.4

+2.9+5.2-2.3+16.2-13.3

-1.0+4.8-5.8+10.4-11.3

UpDownMarket · Nifty 100Sector · Power peers, median of 37Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Tata Power confirmed media reports about a Power Purchase Agreement (PPA) with the Gujarat Government for its Mundra Power Plant. The Gujarat cabinet has approved the Supplementary PPA and a Government order has been issued in this regard. The company stated that after receiving regulatory clearances, Tata Power and Gujarat Urja Vikas Nigam Limited (GUVNL) will formally sign the agreement. This filing is a rumour verification under SEBI Regulation 30(11), meaning the exchange had asked the company to clarify the media coverage. The Mundra plant has historically been a loss-making asset for Tata Power due to high imported coal costs, so a supplementary PPA is a significant development for the plant's viability.

Likely market impact

Positive for shareholders — a supplementary PPA with Gujarat could meaningfully improve the economics of the Mundra plant, which has been a persistent drag on Tata Power's profitability. However, the deal is not yet signed and remains subject to regulatory clearances, so the actual benefit will depend on PPA terms and tariff structure.