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Tata Power Company Ltd

TATAPOWER

Tata Power Company Ltd

TATAPOWER
UtilitiesPower Transmission & Distribution
LargecapWith a market cap of ₹1,36,009 cr, stock is ranked 65
Moderate RiskStock is 2.59x as volatile as Nifty
422.800.67% (-2.85)
422.800.67% (-2.85)

Price Chart

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1W
1M
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5Y
Max
SIP
UtilitiesPower Transmission & Distribution
LargecapWith a market cap of ₹1,36,009 cr, stock is ranked 65
Moderate RiskStock is 2.59x as volatile as Nifty

How to use scorecard? Learn more

UtilitiesPower Transmission & Distribution
LargecapWith a market cap of ₹1,36,009 cr, stock is ranked 65
Moderate RiskStock is 2.59x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
36.313.550.47%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
23.223.511.26%

Forecast & Ratings

Detailed Forecast 
67%
Analysts have suggested that investors can buy this stock

from 18 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

The Tata Power Company Limited is an integrated power company engaged in generation, transmission, distribution and trading of electricity. It is also engaged in mining and trading of coal.

Investor Presentation

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Oct 30, 2024

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 13.99%, vs industry avg of 11.07%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 39.83% to 44.9%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 9.42%, vs industry avg of 12.93%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue32,021.1529,479.3230,713.5933,735.4831,438.3534,551.9645,819.4160,679.1464,928.8967,336.83
Raw Materialssubtract—————————52,571.89
Power & Fuel Costsubtract17,088.5917,921.0516,356.1518,918.9017,100.0320,037.5626,764.3736,708.5639,584.79
Employee Costsubtract1,375.451,342.921,475.001,497.601,541.052,414.243,731.293,801.404,254.82
Selling & Administrative Expensessubtract570.39481.89511.78466.39401.51523.94730.581,016.411,017.98
Operating & Other expensessubtract6,821.472,962.823,490.192,596.213,310.542,880.365,076.785,884.925,919.69
Depreciation/Amortizationsubtract1,648.731,955.592,346.172,393.132,633.562,744.943,122.203,439.203,786.373,926.62
Interest & Other Itemssubtract3,235.813,364.963,761.484,170.004,493.734,010.393,859.024,371.654,633.224,549.32
Taxes & Other Itemssubtract618.51553.54364.521,337.06940.55813.15793.712,120.562,035.772,543.34
EPS2.453.318.908.713.763.825.4510.4411.5611.72
DPS1.301.301.301.301.551.551.752.002.002.00
Payout ratio0.530.390.150.150.410.410.320.190.170.17

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 6PDF
Apr 14PDF
Apr 14PDF
Oct 28PDF
FY 2023

Annual report

PDF

Investor Presentation

May 4PDF
Feb 3PDF
Oct 28PDF
Jul 26PDF
FY 2024

Annual report

PDF

Investor Presentation

Aug 9PDF
FY 2025

Annual Report Pending

Investor Presentation

Oct 30PDF
 

Peers & Comparison

Comparing 3 stocks from 
UtilitiesPower Transmission & Distribution

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Tata Power Company Ltd36.803.550.47%
Power Grid Corporation of India Ltd19.413.473.46%
Torrent Power Ltd43.726.360.96%
Powergrid Infrastructure Investment Trust12.431.412.37%

Price Comparison

Compare TATAPOWER with any stock or ETF
Compare TATAPOWER with any stock or ETF
TATAPOWER
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding46.86%9.13%7.82%9.17%27.03%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep9.76%10.01%9.86%9.45%9.51%9.17%

Mutual Funds Holding Trend

Increased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has increased by 1.89%

Top 5 Mutual Funds holding Tata Power Company Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
ICICI Prudential Energy Opportunities Fund - Growth - Direct Plan

Growth
0.2823%3.88%-0.24%9/57 (-1)
UTI Nifty200 Momentum 30 Index Fund - Growth - Direct Plan

Growth
0.2286%3.86%0.16%13/31 (+1)
SBI Balanced Advantage Fund - Direct Growth

Growth
0.1742%0.73%0.12%32/144 (+1)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Tata Power Company Ltd

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

TATAPOWER has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.47%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹4.70 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJul 4, 2024

Final
Final | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

Jul 4, 2024

Cash Dividend

Ex DateEx DateJun 7, 2023

Final
Final | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

Jun 7, 2023

Cash Dividend

Ex DateEx DateJun 15, 2022

Final
Final | Div/Share: ₹1.75

Dividend/Share

₹1.75

Ex DateEx Date

Jun 15, 2022

Cash Dividend

Ex DateEx DateJun 17, 2021

Final
Final | Div/Share: ₹1.55

Dividend/Share

₹1.55

Ex DateEx Date

Jun 17, 2021

Cash Dividend

Ex DateEx DateJul 14, 2020

Final
Final | Div/Share: ₹1.55

Dividend/Share

₹1.55

Ex DateEx Date

Jul 14, 2020

News & Opinions
Spotlight
Tata Power gains as arm commissions solar project in MP

In an exchange filing, the company said that India's first large-scale solar project to combine single-axis trackers and bi-facial modules, spanning 1,635.63 acres, has set a new benchmark for solar energy generation in India. This innovative project, which boosts efficiency by over 15%, was won through a competitive bidding process and built despite challenges such as rocky terrain and remote logistics, it added. Deepesh Nanda, CEO and managing director of Tata Power Renewable Energy, said, 'We are thrilled to announce the successful commissioning of the 431 MW DC solar project in Neemuch. At Tata Power Renewables, we are proud to lead the way towards a greener future for India, and this project is a testament to our commitment to sustainable energy and innovation while working tirelessly to enhance efficiency and reliability in India's solar sector. We are confident that this project will not only reduce our carbon footprint but also strengthen our role in powering key infrastructure, including Western Central Railways and Madhya Pradesh Power Management Co.' The project contributes to sustainability with an estimated CO2 offset of 7,80,300 tonnes. It meets the highest engineering standards, with SCADA commissioning ensuring optimal performance. CEA compliance ensures smooth operation of the Static Var Generator (SVG), while harmonic filters maintain WRLDC compliance. Additionally, the project ensures a reliable power supply to Western Central Railways and Madhya Pradesh Power Management Company Limited, strengthening the region's energy infrastructure. Tata Power Company is one of India's largest integrated power companies, and together with its subsidiaries and jointly controlled entities, it has an installed/managed capacity of 14,453 MW. The company has a presence across the entire power value chain'generation of renewable as well as conventional power, including hydro and thermal energy, transmission & distribution, coal & freight, logistics, and trading. The company's consolidated net profit increased 7.44% to Rs 1,093.08 crore, despite a 0.26% increase in revenue from operations to Rs 15,697.67 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

1 day agoCapital Market - Live
Live Market Update
Benchmarks extend gains; Nifty scales above 23,700

The equity barometers continued to extend gains and hit fresh day's high in the afternoon trade. The Nifty further marched above the 23,700 level. Barring the Nifty Media index, all the other sectoral indices traded in the green. At 13:26 IST, the barometer index, the S&P BSE Sensex, rallied 1,200.02 points or 1.56% to 78,355.81. The Nifty 50 index added 364.80 points or 1.56% to 23,714.70. The broader market underperformed the benchmark indices. The S&P BSE Mid-Cap index advanced 1.07% and the S&P BSE Small-Cap index rallied 0.74%. The market breadth was strong. On the BSE, 2,354 shares rose and 1,490 shares fell. A total of 140 shares were unchanged. Economy: The HSBC Flash India Composite Output Index stood at 59.5 in November as compared with 59.1 recorded in October, indicating a sharp rate of expansion that was the strongest in three months and above its long-run average. The HSBC flash India services PMI business activity index stood 59.2 in November as against 58.5 in October 2024. The HSBC India Manufacturing PMI data stood at 57.3 in November, down marginally from 57.5 in October. The HSBC Flash India Manufacturing PMI Output Index fell to 60.2 in November as against 60.4 in October 2024 Gainer & Losers: State Bank of India (up 3.79%), Tata Consumer Products (up 3.16%), Trent (up 3.12%), Ultratech Cement (up 2.66%) and Adani Enterprises (up 2.58%) were major Nifty gainers. Axis Bank (down 0.18%) and HDFC Bank (down 0.01%) were major Nifty losers. Stocks in Spotlight: Tata Power Company rose 1.29% after the company signed a memorandum of understanding (MoU) with Asian Development Bank for $4.25 billion to finance key clean energy power projects. Raymond rallied 7.04% after the company received a 'No observation letter' from the NSE & BSE for the scheme of arrangement between the company and Raymond Realty. Ceenik Exports (India) locked in an upper circuit of 5% after the company reported standalone net profit of Rs 4.28 crore in Q2 FY25, steeply higher than Rs 0.13 crore posted in Q2 F24. Total income from operations was at Rs 6.48 crore in the second quarter of FY25, zoomed 867.16% year on year. Innovators Facade Systems jumped 6.41% after the company received the work order for the Prestige Trade Centre project from Prestige Mulund Realty worth Rs 110 crore. Global Markets: Shares in Europe advanced on Friday as investors closely monitored further escalations in the Russia-Ukraine war. Asian stocks traded mixed as traders assessed Japan's manufacturing sector and consumer price index data. Japan's manufacturing sector contracted for the fifth consecutive month in November, as indicated by the preliminary au Jibun Bank flash PMI, which fell to 49.0 from 49.2 in October. Japan's October consumer price index (CPI) data revealed a slight uptick in headline inflation and a further rise in core inflation, surpassing the Bank of Japan's 2% target. This development fuels expectations of additional interest rate hikes. US equities closed higher on Thursday, though tech stocks continued to face pressure following Alphabet's decline due to regulatory concerns. Uncertainty surrounding interest rates persisted, fueled by slightly elevated jobless claims and cautious remarks from Federal Reserve officials. At the close in NYSE, the Dow Jones Industrial Average rose 1.06%, while the S&P 500 index gained 0.53%, and the NASDAQ Composite index gained 0.04%. On the economic front, weekly jobless claims fell to 213,000 for the week ending 16th November, down from 219,000 the previous week. This data signals ongoing strength in the U.S. labour market. Alphabet Inc. shares declined 0.4% in after-hours trading following a 4.7% drop during the regular session on Thursday. The Department of Justice (DOJ) has proposed that Google divest its Chrome web browser to mitigate its dominance in online search. Additionally, the DOJ recommended that Google share its data and search results with competitors and potentially sell its Android operating system. These recommendations follow a recent court ruling that declared Google's online search monopoly illegal. The broader tech sector was also impacted by Nvidia's mixed third-quarter results. While the company exceeded earnings expectations on strong AI demand, it forecast a slower revenue growth rate for the current quarter. Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
Tata Power ties up with ADB for $4.25 bn to finance clean energy projects

The MoU outlines the evaluation of financing for key ongoing projects, such as the 966 MW solar-wind hybrid project, pumped hydro storage project, and other projects in the pipeline related to energy transition, decarbonization, and battery storage. It also includes ongoing financing for capital expenditures (capex) to strengthen the distribution networks managed by Tata Power. The company stated that this agreement coincides with the ongoing climate conference (COP29) at Baku, Azerbaijan, aimed at enhancing India's power infrastructure and promoting renewable and clean energy. Praveer Sinha, CEO & managing director of Tata Power, said, 'This MoU reinforces our commitment to advancing India's clean and renewable energy capacity and modernizing our power infrastructure, ensuring sustainable and inclusive growth. These initiatives align with India's ambitious clean energy goals, contributing to energy security and environmental resilience.' ADB Director General for Private Sector Operations Suzanne Gaboury said, 'ADB is committed to fostering partnerships that promote sustainability and energy security across Asia and the Pacific. As part of this strategy, our engagement with Tata Power reflects a shared vision for a low-carbon, inclusive, and climate-resilient future, supporting India's transition toward sustainable energy solutions.' The company stated that this partnership is pivotal as India accelerates its journey toward achieving its renewable energy target of 500 GW by 2030. The projects under evaluation, such as the large-scale solar-wind hybrid systems and advanced hydro storage solutions, signify an investment in the future of India's clean energy infrastructure. Through initiatives like these, Tata Power aims to strengthen the nation's capacity for renewable energy, reduce dependency on fossil fuels, and foster a sustainable, energy-secure future. Tata Power Company is one of India's largest integrated power companies and together with its subsidiaries and jointly controlled entities, has an installed / managed capacity of 14,453 MW. The company has a presence across the entire power value chain - generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution, coal & freight, logistics, and trading. The company's consolidated net profit increased 7.44% to Rs 1,093.08 crore despite of 0.26% increase in revenue from operations to Rs 15,697.67 crore in Q2 FY25 over Q2 FY24. Shares of Tata Power rose 0.94% to Rs 412.30 on the BSE. Powered by Capital Market - Live

1 week agoCapital Market - Live
Live Market Update
Market opens higher; breadth strong

The frontline indices traded with substantial gains in early trade. The Nifty traded around the 23,500 level. Barring the Media index, all the other sectoral indices on the NSE were traded in green. At 09:28 IST, the barometer index, the S&P BSE Sensex gained 478.81 points or 0.62% to 77,650.57. The Nifty 50 index added 148.30 points or 0.64% to 23,498.20. In the broader market, the S&P BSE Mid-Cap index rallied 0.62% and the S&P BSE Small-Cap index rose 0.54%. The market breadth was strong. On the BSE, 2,133 shares rose and 649 shares fell. A total of 119 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 5,320.68 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,200.16 crore in the Indian equity market on 19 November 2024, provisional data showed. Stocks in Spotlight: Tata Power Company advanced 1.65% after the company has signed memorandum of understanding (MoU) with Asian Development Bank for $4.25 billion to finance key clean energy power projects. Afcons Infrastructure rose 1.26% after the company received letter of acceptance (LoA) from Uttarakhand Project Development and Construction Corporation for civil works worth Rs 1,274 crore. Hyundai Motor India shed 0.12%. The company to set up two renewable energy plants in Tamil Nadu and has signed a Power Purchase and Shareholder Agreement with Fourth Partner Energy. It currently fulfils 63% of its energy requirements using renewable sources (as on June 2024), and aims to reach the 100% mark ahead of most automakers in the country. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.14% to 6.961 as compared with previous close 6.951. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 84.4950, compared with its close of 84.5075 during the previous trading session. MCX Gold futures for 5 December 2024 settlement rose 0.45% to Rs 77,035. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.05% to 107.03. The United States 10-year bond yield fell 0.54% to 4.410. In the commodities market, Brent crude for January 2024 settlement gained 16 cents or 0.22% to $74.39 a barrel. Global Markets: Most Asian stocks advanced on Friday, buoyed by Wall Street's gains and a tempered reaction to Nvidia Corp.'s revenue outlook. Bitcoin continued its upward move, nearing the $100,000 mark, while the US dollar strengthened. Japan's manufacturing sector contracted for the fifth consecutive month in November, as indicated by the preliminary au Jibun Bank flash PMI, which fell to 49.0 from 49.2 in October. Japan's October consumer price index (CPI) data revealed a slight uptick in headline inflation and a further rise in core inflation, surpassing the Bank of Japan's 2% target. This development fuels expectations of additional interest rate hikes. US equities closed higher on Thursday, though tech stocks continued to face pressure following Alphabet's decline due to regulatory concerns. Uncertainty surrounding interest rates persisted, fueled by slightly elevated jobless claims and cautious remarks from Federal Reserve officials. At the close in NYSE, the Dow Jones Industrial Average rose 1.06%, while the S&P 500 index gained 0.53%, and the NASDAQ Composite index gained 0.04%. On the economic front, weekly jobless claims fell to 213,000 for the week ending 16th November, down from 219,000 the previous week. This data signals ongoing strength in the U.S. labour market. Alphabet Inc. shares declined 0.4% in after-hours trading following a 4.7% drop during the regular session on Thursday. The Department of Justice (DOJ) has proposed that Google divest its Chrome web browser to mitigate its dominance in online search. Additionally, the DOJ recommended that Google share its data and search results with competitors and potentially sell its Android operating system. These recommendations follow a recent court ruling that declared Google's online search monopoly illegal. The broader tech sector was also impacted by Nvidia's mixed third-quarter results. While the company exceeded earnings expectations on strong AI demand, it forecast a slower revenue growth rate for the current quarter. Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Tata Power and Asian Development Bank sign MoU

Tata Power and the Asian Development Bank (ADB) have signed a Memorandum of Understanding (MoU) coinciding with the ongoing Climate Conference (COP29) at Baku, Azerbaijan, to evaluate financing for its several strategic projects aimed at enhancing India's power infrastructure and promoting renewable and clean energy. The MoU outlines the evaluation of financing for several key ongoing projects such as the 966 MW Solar Wind Hybrid project and Pumped Hydro Storage Project and other projects in the pipeline around energy transition, decarbonization, and battery storage as well as ongoing financing for capex towards strengthening the distribution networks managed by Tata Power. The total estimated project cost is approximately US $4.25 billion.Powered by Capital Market - Live

1 week agoCapital Market - Live
Live Market Update
Nifty slides below 23,350; PSU bank shares underpressure

The domestic equity benchmarks traded with significant losses in morning trade. The Nifty dropped below the 23,350 mark. PSU bank shares extended losses for the second consecutive trading session. At 10:26 IST, the barometer index, the S&P BSE Sensex declined 482.18 points or 0.62% to 77,095.02. The Nifty 50 index lost 176.85 points or 0.75% to 23,341.65. The broader market underperformed the benchmark indices. The S&P BSE Mid-Cap index shed 0.81% and the S&P BSE Small-Cap index fell 1.05%. The market breadth was weak. On the BSE, 1,006 shares rose and 2,642 shares fell. A total of 140 shares were unchanged. Buzzing Index: The Nifty PSU Bank index dropped 4.20% to 6,221.45. The index fell 4.79% in two consecutive trading sessions. Bank of Baroda (down 6.32%), Punjab National Bank (down 5.31%), Canara Bank (down 4.76%), State Bank of India (down 4.74%), Bank of India (down 3.47%), Central Bank of India (down 2.83%), Bank of Maharashtra (down 2.73%), UCO Bank (down 2.68%), Union Bank of India (down 2.47%) and Indian Overseas Bank (down 2.46%) declined. Stocks in Spotlight: Tata Power Company shed 0.55%. The company said that it has entered into a strategic partnership with Druk Green Corporation, a subsidiary of Druk Holding and Investments, to develop at least 5,000 megawatts of clean energy generation capacity in Bhutan. BEML slipped 0.54%. The company said that it has has secured a substantial order worth Rs 246.78 crore from Central Coalfields (CCL). Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
Tata Power signs deal with Druk Green to develop 5,000 MW clean energy in Bhutan

This partnership aligned with Bhutan's vision for its energy sector, which aimed to increase its overall generation capacity to 25,000 MW by 2040, ensuring energy security and promoting regional energy integration. Bhutan sought to achieve this target by diversifying its energy portfolio beyond traditional hydropower to include solar and geothermal energy. This included diversifying project structuring and financing through such strategic partnerships. This strategic partnership signifies Tata Power's pre-eminence as the most preferred clean energy partner not only in India but also as a regional leader. This partnership will help unleash Bhutan's great potential for hydropower and its important role in ensuring energy security in the region. Through this collaboration, the companies planned to develop at least 5,000 MW of renewable energy projects. This included 4,500 MW of hydropower, which encompassed the 1,125 MW Dorjilung HEP, 740 MW Gongri Reservoir, 1,800 MW Jeri pumped storage, and 364 MW Chamkharchhu IV, all to be developed in phases. Additionally, 500 MW of solar projects were planned to be developed by Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power. As part of this collaboration, Tata Power had recently acquired a 40% stake in the 600 MW Khorlochhu Hydroelectric project, with an investment of over Rs 6,900 crore for its development. Tata Power and DGPC have a long-standing relationship since 2008 when the two companies joined forces to successfully develop the 126 MW Dagachhu Hydropower Plant as the first public private partnership in Bhutan's hydropower sector. Tata Power also has a transmission project of a 1,200 km long Tala transmission line that evacuates clean power from Bhutan to India. Tata Power has emerged as a leader in the renewable energy space, with a robust clean and green portfolio crossing 12.9 GW (6.4 GW operational, 6.5 GW under construction) which constitutes 42% of its total capacity, and is well-positioned to expand this to 70% by 2030. Tata Power has over 100 years of experience in hydropower generation and is emerging as a key player in pumped hydro storage projects. The Company is committed to supporting India's successful energy transition, it added. Praveer Sinha, CEO & MD, Tata Power, said, 'Tata Power's partnership with Druk Green Power Corporation reinforces our credentials as the most preferred clean energy partner in the region. Together, we are building 5000 MW of clean energy capacity that will help harness Bhutan's hydropower potential and support both countries' growing energy demands with reliable and round-the-clock clean energy supply. Together we are shaping a new energy era. Dasho Chhewang Rinzin, MD, DGPC said, 'This strategic partnership with Tata Power is in keeping with Bhutan's aspirations to maximize benefits to the people of Bhutan through fast-tracking the harnessing of its huge renewable energy resources for its economic development and long-term energy security. Bhutan places a lot of confidence in Tata Power and the partnership to deliver on these expectations.' Tata Power Company is one of India's largest integrated power companies and together with its subsidiaries and jointly controlled entities, has an installed / managed capacity of 14,453 MW. The company has a presence across the entire power value chain - generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution, coal & freight, logistics, and trading. The company's consolidated net profit increased 7.44% to Rs 1,093.08 crore despite of 0.26% increase in revenue from operations to Rs 15,697.67 crore in Q2 FY25 over Q2 FY24. Shares of Tata Power Company fell 1.90% to currently trade at Rs 400.35 on the BSE. Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
Tata Power Company Ltd up for third consecutive session

Tata Power Company Ltd is up for a third straight session today. The stock is quoting at Rs 414, up 2.3% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.25% on the day, quoting at 23745.85. The Sensex is at 78326.94, up 1.28%. Tata Power Company Ltd has slipped around 8.77% in last one month. Meanwhile, Nifty Energy index of which Tata Power Company Ltd is a constituent, has slipped around 9.26% in last one month and is currently quoting at 36757.2, up 1.18% on the day. The volume in the stock stood at 60.86 lakh shares today, compared to the daily average of 116.46 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 415.1, up 2.33% on the day. Tata Power Company Ltd is up 58.71% in last one year as compared to a 20.57% jump in NIFTY and a 31.47% jump in the Nifty Energy index.The PE of the stock is 41.47 based on TTM earnings ending September 24.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Stock Alert: Hero Motocorp, Nazara Tech, Lemon Tree Hotels, Grasim Inds,

Securities in F&O Ban: Aarti Industries, Aditya Birla Fashion Retail, GNFC, Granules, Hindustan Copper are banned from F& O trading on 18 November 2024. Stocks to Watch: Hero Motocorp reported 14.2% increase in consolidated net profit to Rs 1,203.54 crore on 10.8% rise in revenue from operations to Rs 10,463.21 crore in Q2 FY25 over Q2 FY24. Nazara Technologies reported a 47.56% decline in consolidated net profit from continuing operations to Rs 11.80 crore despite 7.3% increase in revenue from operations to Rs 318.94 crore in Q2 FY25 over Q2 FY24. Lemon Tree Hotels' consolidated net profit jumped 32.79% to Rs 35.03 crore on 23.96% increase in revenue from operations to Rs 284.36 crore in Q2 FY25 over Q2 FY24. Suraj Estate Developers has reported 88.1% jump in consolidated net profit to Rs 31.8 crore in Q2 FY25 from Rs 16.9 crore posted in Q2 FY24. Total income rose by 5.7% year-over-year (YoY) to Rs 109.6 crore in the second quarter. Glenmark Pharmaceuticals reported consolidated net profit from continuing operations of Rs 354.49 crore in Q2 FY25 as against net loss of Rs 180.3 crore in Q2 FY24. Revenue from operations increased 2.29% year on year (YoY) to Rs 3,133.79 crore in the quarter ended 30 September 2024. Grasim Industries reported 66.5% drop in consolidated net profit to Rs 389.90 crore in Q2 FY25 as compared with Rs 1,163.75 crore posted in Q2 FY24. Revenue from operations increased 11.06% YoY to Rs 33,562.85 crore in second quarter of FY25, driven by the superior performance of financial services, cellulosic staple fibre and specialty chemicals businesses. Honasa Consumer (Mamaearth) reported a consolidated net loss of Rs 18.57 crore in Q2 FY25 as against net profit Rs 29.43 crore recorded in Q2 FY24. Revenue from operations declined 6.90% YoY to Rs 461.82 crore in the quarter ended 30 September 2024, while revenue adjusted for inventory correction was Rs 525 crore with the growth rate of 5.7% YoY. Bajaj Healthcare reported standalone net profit of Rs 94.64 crore in Q2 FY25 as compared with net loss of Rs 34.60 crore in Q2 FY24. Revenue from operations jumped 31.5% YoY to Rs 133.08 crore in Q2 FY25. GAIL (India) has signed a 10-year sales and purchase agreement (SPA) with ADNOC Gas for the delivery of up to 0.52 million metric tonnes per annum (MMTPA) of liquified natural gas (LNG), starting in 2026. This is the first SPA of ADNOC Gas with an Indian buyer. Tata Power Company has acquired 100% stake in ERES-XXXIX Power Transmission (ERES-XXXIX), a special purpose vehicle (SPV) for total consideration of Rs 18.56 crore Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Tata Power acquires transmission project (ERES-XXXIX)

Tata Power Company has signed the Share Purchase Agreement ('SPA') and acquired 100% equity stake in ERES-XXXIX Power Transmission (ERES-XXXIX), a special purpose vehicle (SPV). The Company is a SPV formed in 27 March 2024, specifically to establish the transmission system for ERES-XXXIX Power Transmission (Gopalpur, Odisha) which comprises Angul to Gopalpur ~190 km of 765 KV D/C line, Gopalpur 765/400 KV GIS substation, Bay Ext. at Angul (765 KV AIS) and at OPTCL-Gopalpur (400 KV GIS S/s to be developed by OPTCL). Also, there is a ~12 km of 400 KV D/C line from OPTCL (Gopalpur) 400 KV GIS S/s to Gopalpur 765 KV GIS S/s. The schedule date of commercial operation (SCOD) of the said SPV will be on 31 December 2027. Powered by Capital Market - Live

2 weeks agoCapital Market - Live