One of the Tata Group stocks involved in the generation, transmission, distribution of electricity, and manufacturing of solar roofs. The stock has jumped 3 percent after commissioning 431 MW of DC solar in Neemuch, Madhya Pradesh.
Stock Price Movement:
In Tuesday’s trading session, Tata Power Company Limited’s share jumped to an intraday high of 2.79 percent from the previous close of Rs. 416.15. The stock opened at Rs. 419 and is currently trading at Rs. 425.25 with a high of Rs. 427.80 and a low of Rs. 417.50. The market capitalization now stands at approximately Rs. 1,35,945.72 crore.
What Happened:
Tata Power Renewable Energy Limited (TPREL) has commissioned a 431 MW DC solar project in Neemuch, Madhya Pradesh, marking a significant achievement in India’s renewable energy sector. Spanning 1,635.63 acres, the project integrates single-axis solar trackers and bi-facial modules, enhancing efficiency by over 15%.
The solar project in Neemuch installation features 560 Wp to 565 Wp bifacial glass-to-glass modules. It will offset around 7,80,300 tonnes of CO₂ annually and ensure a reliable power supply to Western Central Railways and MP Power Management Co. Ltd. This project sets a new benchmark for solar energy generation in India.
Manufacturing and Production Updates:
The 4.3 GW solar cell and module manufacturing facility is now up and running, with the module plant operating at its full capacity. The initial 2 GW cell production line is in the process of stabilizing, and the second line is scheduled to begin production in November, with full capacity expected to be achieved by December.
Future Outlook for Tata Power
Tata Power plans to install 1 million rooftop solar systems in Odisha, Uttar Pradesh, and Rajasthan, reinforcing its position as a leader in renewable energy. The company expects significant growth in rooftop solar projects, along with plans to increase its solar capacity to 2-2.5 GW annually, playing a key role in India’s transition to green energy.
In the transmission and distribution sector, Tata Power is working on four major projects, with two expected to be completed in FY25 and the other two in FY26.
Additionally, the approval of a 1,000 MW pumped hydro project and the launch of the 1,800 MW Shirawta project highlight Tata Power’s innovative approach to renewable energy storage solutions.
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Recent Quarter Results and Ratios:
Tata Power Company Limited’s revenue has slightly decreased from Rs. 15,738 crore in Q2 FY24 to Rs. 15,698 crore in Q2 FY25, reflecting a decline of 0.25 percent year-on-year. However, the company’s net profit has increased by 7.47 percent, rising from Rs. 1,017 crore in Q2 FY24 to Rs. 1,093 crore in Q2 FY25.
Over the past four years, Tata Power Company Limited’s revenue and net profit have grown at a compound annual growth rate (CAGR) of 20.51 percent and 34.29 percent, respectively.
Regarding return ratios, the company’s return on capital employed (ROCE) and return on equity (ROE) are expected to be 11.7 percent and 11.3 percent, respectively. The debt-to-equity ratio is projected at 1.73x, and Tata Power Company’s earnings per share (EPS) is estimated to be Rs. 11.7.
Company Overview
Tata Power Company Limited is India’s leading vertically integrated power company, involved in electricity generation, transmission, and distribution. As a pioneer in renewable energy solutions, the company is committed to achieving 100% green power production. It operates across various segments, including generation, renewables, transmission, and distribution, with ambitious plans to establish 100,000 EV charging stations by 2025.
Written By – Nikhil Naik
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