Tata Power share price jumps above 10% on bagging Rs 1,730-crore NTPC project

Published On: Tuesday, April 7, 2020 | By: Team KnowMyStock

The share price of Tata Power Company jumped 10 per cent intraday on April 7 after the company received a Rs 1,730-crore project from NTPC. It has got a letter of award to build a 300-megawatt plant for state-owned utility major NTPC at an all-inclusive price of Rs 1,730 crore. In September 2019, post reverse auction, the company had received LoA to develop a 105 MWp Floating Solar Project worth approximately Rs343cr including 3 years O&M. The commercial operation date (COD) for this grid-connected solar photovoltaic project is September 2021. With this project, the order book of Tata Power Solar stands at Rs 8,541 crore, including external and internal orders. The stock, which slipped 28 per cent in the last month, was quoting at Rs 33.65, up11.61 per cent.

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MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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