TATAPOWER

Share Price Today: Energy stock rises 5% after Gujarat clears revised power supply pact

Tata Power Share Price: Shares of Tata Power, the flagship power arm of the Tata Group, gained nearly 5 per cent on Friday (March 20). The rally was supported by the Gujarat government’s move to approve a revised power supply pact with the company, according to documents reviewed by Reuters. This development clears the way for Tata Power to resume long-term electricity supply from its 4-gigawatt Mundra plant. The imported coal-fired plant had remained non-operational for the past six months after the government withdrew the emergency clause last year. This clause had allowed companies to be compensated for generating power using expensive imported coal, Reuters reported.