Tata Power Share Price Soars as Gujarat Government Approves Revised Power Purchase Agreement

Tata Power Share Price: The stock price of Tata Power, a Tata group company, has reached a 52-week high in the stock market. The reason behind this jump in the price of the company's shares today is a news related to the Gujarat government. According to reports, the Gujarat government has approved the revised power purchase agreement. After this order, Tata Power will now be able to resume long-term supply from the 4 GW Mundra facility. Tata Power has lost Rs 1000 crore in the first 9 months of fiscal 2026 due to the closure of this Mundra facility. Reuters reports that the imported coal-fired power plant has been closed for the last 6 months. This is the government's decision. Last year the government withdrew the emergency clause, according to which the companies were given compensation to make electricity on imported coal at high rates. CNBC TV's MD Praveen Sinha said that we have received approval from the CEO of Tata Power for an additional agreement.