India's Tata Power said on Monday that it will invest about 1.2 trillion rupees ($14.32 billion) in northern state Rajasthan over the next 10 years, with majority of the money in the renewable energy projects.

The plan includes 10 GW of renewable capacity, a 2 GW solar module plant, and 100,000 EV charging points, creating over 28,000 jobs and supporting Rajasthan's goal of becoming a power surplus state.

The ambitious 10-year plan aims to support Rajasthan's transformation into a power surplus state, providing 24/7 clean, affordable, and reliable power supply with investments in renewable energy projects and manufacturing,

India's Tata Power has shut a 500-megawatt (MW) thermal power unit at its Trombay plant in Mumbai due to a fire incident, the company said on Tuesday.

The MoU was signed during the Rising Rajasthan Investor Meet in New Delhi in the presence of Rajasthan Chief Minister Bhajan Lal Sharma and other state officials. The agreement will support Rajasthan’s goal of providing 24/7 clean and reliable power.

Tata Power commits Rs 1.2 lakh crore investment in Rajasthan, including Rs 75,000 crore in green energy, to transform the state into a power surplus state.

India's Tata Power said on Monday that it will invest about 1.2 trillion rupees ($14.32 billion) in northern state Rajasthan over the next 10 years, with majority of the money in the renewable energy projects.

Tata Power on Monday said it has inked an initial pact with the Rajasthan government for investment of Rs 1.2 lakh crore, including Rs 75,000 crore in green energy, in the state's power sector. The 10-year plan aims to support Rajasthan's transformation into a power surplus state,

Tata Power Company has signed a Memorandum of Understanding (MoU) with the Rajasthan government, committing to an investment of approximately ₹1.2 lakh crores in power distribution, transmission, and renewable energy projects.