Tata Motors rises on partnering with Tata Power to develop 7 MW solar project at Pantnagar facility

Tata Motors is currently trading at Rs. 398.05, up by 1.55 points or 0.39% from its previous closing of Rs. 396.50 on the BSE.

tata motors employee killed in accident in jamshedpur

Tata Motors

The scrip opened at Rs. 396.00 and has touched a high and low of Rs. 398.65 and Rs. 394.50 respectively. So far 302325 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 536.50 on 17-Nov-2021 and a 52 week low of Rs. 366.05 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 417.50 and Rs. 391.20 respectively. The current market cap of the company is Rs. 131555.37 crore.

The promoters holding in the company stood at 46.40%, while Institutions and Non-Institutions held 29.02% and 19.67% respectively.

Tata Motors has entered into a Power Purchase Agreement (PPA) with Tata Power for a 7 MW captive solar power project at its Pantnagar plant in Uttarakhand. Collectively, this installation is expected to generate 215 million units of electricity, potentially mitigating over 1.7 lakh tonnes of carbon emissions.

This is equivalent to planting over 2.72 lakh teak trees over a lifetime.

Tata Power is working closely with Tata Motors on installing solar rooftop projects at some of their plants in India.

These projects represent a significant step towards building a resilient and sustainable future for these manufacturing plants.

To date, Tata Power has cumulatively installed 45 MW of solar rooftop across Tata Motors’ PV and CV plants in Pune, Pantnagar, Jamshedpur and Dharwar.

Tata Motors is India’s largest automobile company.

Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia.

Among them is Jaguar Land Rover, the business comprising the two iconic British brands.

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