Mumbai, September 9 (Kiran News) — Shares of Tata Power Company edged higher on Tuesday after the company partnered with Tata Passenger Electric Mobility (TPEM), India’s largest four-wheeler EV manufacturer, to inaugurate Mumbai’s first premium large-scale EV charging hub under the TATA.ev MegaCharger initiative.
The new facility is strategically located near Terminal 2 of Chhatrapati Shivaji Maharaj International Airport, within the premises of The Leela Mumbai Hotel. It is designed to cater to a wide mix of EV users, including private car owners, taxis, ride-hailing fleets, logistics operators, frequent flyers, and business travelers in the Andheri–BKC–South Mumbai corridor.
Equipped with eight fast DC chargers of up to 120 kW capacity and 16 charging bays, the MegaCharger hub can charge 16 EVs simultaneously, reducing wait times and ensuring a seamless experience even during peak hours. This makes it one of the city’s largest and most advanced charging hubs.
The hub adds to Tata Power’s 1,000+ green charging points already deployed across Mumbai and forms part of the growing TATA.ev MegaCharger network. While open to all EV users, TATA.ev customers will enjoy exclusive benefits such as up to 25% discounts and priority access. Charging services can be accessed via the Tata Power EZ Charge App (with 4 lakh registered users) and will soon be integrated with the iRA.ev Connected Car App for TATA.ev owners.
On the BSE, Tata Power was trading at ₹384.05, up by ₹0.70 or 0.18 percent from its previous close of ₹383.35. The stock opened at ₹382.30 and touched an intraday high of ₹385.50 and a low of ₹381.05. A total of 2,73,323 shares changed hands during the session.
The Group ‘A’ stock, with a face value of ₹1, has a 52-week high of ₹494.85 (September 27, 2024) and a 52-week low of ₹326.25 (February 17, 2025). Over the last week, it has traded between ₹380.10 and ₹391.95.
Tata Power’s market capitalization currently stands at ₹1,22,748.97 crore. Promoters hold 46.86 percent stake, institutions 26.33 percent, and non-institutional investors 26.81 percent.
Tata Power Company is India’s largest integrated power utility, credited with pioneering advancements in the energy sector through technology, processes, and platforms.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.