Tata Power: Powering Ahead With 522% Returns

Published by Trinkerr Academy on

If you had invested β‚Ή1 lakh in this stock, you could have made it into β‚Ή6.2 lakhs! Investors gained 522% returns from this multibagger. Let’s have a quick peek at Tata Power.

⚑ Stock Name: Tata Power Company Ltd.

πŸ”Œ About the Company
Tata Power is into the production, transmission and distribution of power. The firm is a pioneer in the country’s renewable energy markets.
It offers customer-focused products like:
🏠 Solar roofs
🚿 Solar pumps
⚑ Microgrids
πŸš— EV charging
πŸ§‘πŸΌβ€πŸ”§ Energy services
🏘️ Home automation
β˜€οΈ Floating solar and others

🌟 Key Developments

πŸ’‘ It holds a dominant position in India’s expanding market for EV charging stations and it is the industry leader in rooftop solar installations and solar water pumps.

πŸ’‘ The company’s thermal, hydro, renewable and waste heat recovery (WHR) power plants are spread across India.

πŸ’‘ Total energy generation for the company from different sources is as follows:

πŸ”₯ Thermal energy: 69%
β˜€οΈ Solar energy: 14%
πŸƒ Wind energy: 7%
🌊 Hydro energy: 7%
πŸ—‘οΈ Waste heat recovery: 3%

πŸ’‘ The business promoters received 49 crore equity shares from the company in FY21 at the cost of β‚Ή53 per share.

πŸ’‘ The corporation intends to shift more of its dependence in the future from thermal sources to renewable energy sources. Additionally, they intend to construct 1 lakh EV charging stations by 2025.

πŸ’‘ It owns the Mundra 4,000 MW Ultra Mega Power Project, which uses supercritical coal technology. This project accounts for 31% of the company’s overall capacity and 45% of its thermal capacity.

πŸ’° Stock Value
On May 27, 2020, the shares of the company were trading at β‚Ή37.75. It was trading at β‚Ή235.10 as of August 26, 2022.


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