Tata Power: Powering Ahead With 522% Returns
If you had invested βΉ1 lakh in this stock, you could have made it into βΉ6.2 lakhs! Investors gained 522% returns from this multibagger. Let’s have a quick peek at Tata Power.
β‘ Stock Name: Tata Power Company Ltd.
β‘ NSE: $TATAPOWER
π 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:
π Solar roofs
πΏ Solar pumps
β‘ Microgrids
π EV charging
π§πΌβπ§ Energy services
ποΈ Home automation
βοΈ Floating solar and others
π Key Developments
π‘ 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.
π‘ The company’s thermal, hydro, renewable and waste heat recovery (WHR) power plants are spread across India.
π‘ Total energy generation for the company from different sources is as follows:
π₯ Thermal energy: 69%
βοΈ Solar energy: 14%
π Wind energy: 7%
π Hydro energy: 7%
ποΈ Waste heat recovery: 3%
π‘ The business promoters received 49 crore equity shares from the company in FY21 at the cost of βΉ53 per share.
π‘ 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.
π‘ 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.
π° Stock Value
On May 27, 2020, the shares of the company were trading at βΉ37.75. It was trading at βΉ235.10 as of August 26, 2022.

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