Thursday’s Indian market saw abrupt swings among several large counters. Tata Power and Adani Total Gas climbed sharply, while TTK Prestige and others fell, highlighting how fast sentiment can shift. Traders pointed to a mix of geopolitical tensions and seasonal demand patterns as key drivers behind the day’s biggest moves.
Tata Power says it will stop investing in new coal-fired power plants, while targeting a major solar milestone in the fourth quarter of FY25. The company is also preparing to begin a significant hydro project in January 2025, reinforcing its shift toward cleaner energy backed by financial discipline.
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In 2020, Tata Power took over Odisha’s electricity network when it was in disarray. Five years later, the state has become Tata Power’s standout turnaround and a platform for an ambitious INR10,000-crore clean energy plan. The success story underscores how fixing reliability and operations can unlock major investment momentum in the power sector.
Tata Power says its Mundra power plant remains shut because an agreement with the Gujarat government is yet to be signed. With the facility idle, the company is reportedly losing close to INR100 crore every month, turning a stalled bureaucratic step into mounting financial pressure. The restart hinges on final approvals that are still pending.
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