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HomeSHARE MARKETTATA Share: Green Renewable Energy Agreement; Golden TATA Share will Double?

TATA Share: Green Renewable Energy Agreement; Golden TATA Share will Double?

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Tata Power Company Ltd (NSE: TATAPOWER): Today, Tata Power shares are the focus of attention. Shares of the company rose 1.3% today to reach a high of Rs 383.90. 

This rise in the company’s shares has come after a deal. BlueSmart, a ride-hailing company that provides electric mobility services, has signed an agreement to purchase green energy from Tata Power Trading Company Limited for several years.

Tata Power Trading Company Limited said that under the power purchase agreement, Tata Power will acquire 30 MW of capacity from Tata Power’s 200 MW PV solar power plant located in Bikaner District in Rajasthan.

What Did The Company Say?

Punit Goyal, Co-Founder, of BlueSmart, said, “We are paving the way for mass mobility to become completely decarbonized. Our EV charging infrastructure is powered by 100 percent clean electricity.”

Tarun Katiyar, Chief Executive Officer (CEO), of TPTCL, said, “Our partnership with BlueSmart will help them bring carbon-free mobility to the country.” BlueSmart owns around 6,000 electric cars.

The company also owns 4,000 EV Chargers at its 35 charging hubs located in the Delhi-National Capital Region and Bengaluru.

About Tata Power Company Ltd Company 

Tata Power is the largest power generation company in India was established in 1919. 

The company’s power-generation facilities include hydro, thermal, solar, and wind power plants.

The company also provides services such as operation and maintenance, quality and technical audits, logistics of coal and freight, consulting, and field testing.

It provides power to large consumers, including railways and ports, refineries, cotton mills, fertilizer plants, municipal corporations, water pumps, textile mills, and other major industries.

The company is present in India, Georgia, and Singapore. It also has operations in Zambia, Bhutan, Indonesia South Africa, Mauritius, Bhutan, and Zambia.

It also explores renewable energy sources in India and around the world. Tata Power’s diverse production capability allows it to produce low-cost energy.

The Tala Transmission Project is a joint venture between Power Grid Corporation of India and Tata Power.

It is involved in Fuel and Logistics to Generation and Transmission Distribution, trading – exploring various renewable sources of energy both in India and around the world. 

It aims to transmit uninterrupted power generated by different plants across the nation and distributes electricity. 

The power generation facilities it has consist of solar power stations as well as hydro, thermal power plants, as well as wind generators. 

It has a capacity of 10763 MW. Of this, 36 percent of it is derived from clean energy sources. Tata Power is headquartered in Mumbai, Maharashtra, India. 

Fundamental Analysis of Tata Power Company Ltd

Market Cap₹ 1,19,969 Cr.
Current Price₹ 375
52-wk High₹ 413
52-wk Low₹ 182
Stock P/E35.0
Book Value₹ 94.3
Dividend0.53 %
ROCE11.7 %
ROE12.6 %
Face Value₹ 1.00
P/B Value3.98
OPM16.9 %
EPS₹ 11.2
Debt₹ 52,526 Cr.
Debt to Equity1.74

Tata Power Company Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 365 ₹ 430
2025₹ 495₹ 555
2026₹ 615₹ 740
2027₹ 812₹ 900
2028₹ 985₹ 1100
2029₹ 1190₹ 1300
2030₹ 1350₹ 1500
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Tata Power Company Ltd Shareholding Pattern

Promoters Holding
Dec 202246.86%
Mar 202346.86%
June 202346.86%
Sept 202346.86%
Dec 202346.86%
FII Holding
Dec 20229.63%
Mar 20239.45%
June 20239.75%
Sept 202310.00%
Dec 20239.85%
DII Holding
Dec 202214.32%
Mar 202314.16%
June 202314.59%
Sept 202315.68%
Dec 202316.11%
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Govt. Holding
Dec 20220.32%
Mar 20230.32%
June 20230.32%
Sept 20230.32%
Dec 20230.32%
Public Holding
Dec 202228.87%
Mar 202329.21%
June 202328.48%
Sept 202327.15%
Dec 202326.87%

Tata Power Company Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 29,881 Cr
2020₹ 29,136 Cr
2021₹ 32,703 Cr
2022₹ 42,816 Cr
2023₹ 58,056 Cr
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Last 5 Years’ Net Profit:

2019₹ 2,606 Cr
2020₹ 1,316 Cr
2021₹ 2,156 Cr
2022₹ 2,156 Cr
2023₹ 4,173 Cr

Last 5 Years’ Debt-To-Equity Ratio:


Last 10 Years’ Profit Growth:

10 Years:39%
5 Years:45%
3 Years:133%
Current Year:-3%

Last 10 years’ Return on Equity (ROE):

10 Years:5%
5 Years:7%
3 Years:9%
Last Year:13%

Sales Growth Over 10 Years:

10 Years:5%
5 Years:15%
3 Years:24%
Current Year:6%


This article is a complete guide about Tata Power Company Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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