Tata Power: Powering Ahead With 522% Returns
If you had invested ₹1 lakh in this stock, you could have made it into ₹6.2 lakhs! Investors gained 522% returns from this multibagger. Let’s have a quick peek at Tata Power.
⚡ Stock Name: Tata Power Company Ltd.
⚡ NSE: $TATAPOWER
🔌 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
🚗 EV charging
🧑🏼🔧 Energy services
🏘️ Home automation
☀️ Floating solar and others
🌟 Key Developments
💡 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.
💡 The company’s thermal, hydro, renewable and waste heat recovery (WHR) power plants are spread across India.
💡 Total energy generation for the company from different sources is as follows:
🔥 Thermal energy: 69%
☀️ Solar energy: 14%
🍃 Wind energy: 7%
🌊 Hydro energy: 7%
🗑️ Waste heat recovery: 3%
💡 The business promoters received 49 crore equity shares from the company in FY21 at the cost of ₹53 per share.
💡 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.
💡 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.
💰 Stock Value
On May 27, 2020, the shares of the company were trading at ₹37.75. It was trading at ₹235.10 as of August 26, 2022.