Tata Power subsidiary commissions 100.8 MW wind project in Maharashtra

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

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₹376.20

prior close

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Nifty 100market+0.3%-0.6% vs market

Power peers, median of 36sector · industry level-0.3%+0.1% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty 100 and 0.1 pts more than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Tata Power Renewable Energy (TPREL) has commissioned a 100.8 MW wind project in Dharashiv, Maharashtra. The project features 28 wind turbine generators and will generate about 299 million units of clean electricity annually, offsetting around 245 million kg of CO2 emissions yearly. Power will be supplied to Tata Power Mumbai Distribution to meet its Renewable Purchase Obligation targets. With this addition, TPRELs total renewable capacity reaches 11.6 GW, of which 6.7 GW is operational. About 4.9 GW remains under construction, to be commissioned over the next 6 to 24 months.

Likely market impact

Strengthens clean energy portfolio and progress toward Net Zero by 2045 goal; positive for long-term renewable capacity growth.