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Tata Power receives LoA for 324 MW Maharashtra project

after close1 source ↓written by the desknot a recommendation

SECI to supply
324 MW
and aims
40-year agreement
for commissioning
2029
to meet peak
8 hours of energy storage

Tata Power has secured a Letter of Award (LoA) from the Solar Energy Corporation of India (SECI) to supply 324 MW from its 1,000 MW Pumped Hydro Storage Project in Maharashtra. The project, awarded through a competitive bidding process, includes a 40-year agreement and aims for commissioning by 2029.

This development enhances Tata Power's position in the renewable energy sector, providing 8 hours of energy storage to meet peak demand. The project will connect to the 765/400 kV South Kalamb CTU Substation, ensuring reliable electricity supply during high-demand periods.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 20 Jul 2026, 16:06 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

TATAPOWER closed −0.7% on the day of the news, from ₹384.30 to ₹381.45; Nifty −0.2% over the same session; futures OI +0.2%.

Bulletin at 16:06 IST on 20 Jul 2026. Every change is measured from ₹384.30, the last close before it, on 20 Jul. Nifty 50 is measured over the same sessions.

  • TATAPOWER close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
TATAPOWER closes around the bulletin against the close before the news, with Nifty 50 rebased to it349.87384.30418.73axis spans 20%before the news · 20 Jul384.30Nifty 50TATAPOWERbulletinD0+1+3+514 Jul24 Jul4 AugFutures open interest, lotspeak 51,000Reference close ₹384.30. 16 sessions from 14 Jul to 4 Aug; the price axis spans 20 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before20 Jul₹384.30basebase
On the day21 Jul₹381.45▼ −0.7%▼ −0.2%−0.5 pp difference
+1 session22 Jul₹378.55▼ −1.5%▼ −1.0%−0.5 pp difference
+3 sessions24 Jul₹374.40▼ −2.6%▼ −1.9%−0.6 pp difference
+5 sessions28 Jul₹371.35▼ −3.4%▼ −1.0%−2.3 pp difference
Gap at the open, % · ₹
▲ +0.4%+1.65 on 21 Jul
Day's range, % · ₹
2.1%≈ 8.1 high to low
Volume on the day
0.60×the 20-session average
Futures OI on the day
▲ +0.2%+92 lots · short build-up · price −0.7%
Futures OI open, lots
47,00021 Jul · 28 Jul expiry
Futures premium, ₹
−0.20−0.1% to spot
Puts per call, by OI
0.96from 0.98 the session before
Max pain
390from 390 the session before

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