Tata Power moves up on planning to invest over Rs 75,000 crore in renewables in next five years
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Tata Power Company is currently trading at Rs. 216.00, up by 1.50 points or 0.70 % from its previous closing of Rs. 214.50 on the BSE.
The scrip opened at Rs. 217.20 and has touched a high and low of Rs. 217.55 and Rs. 215.30 respectively. So far 225961 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 298.00 on 07-Apr-2022 and a 52 week low of Rs. 118.40 on 28-Jul-2021.
Last one week high and low of the scrip stood at Rs. 217.55 and Rs. 207.35 respectively. The current market cap of the company is Rs. 69163.12 crore.
The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 27.03% and 26.11% respectively.
Tata Power Company is planning to invest over Rs 75,000 crore in renewables in the next five years and aims to have an electricity generation capacity of 30 GW during the same period with more than half coming from clean energy sources. Currently, the company has a generation capacity of 13.5 GW with 34 per cent contributed by renewable energy sources.
Tata Power is looking to scale its generation capacity to over 30 GW by FY27 from current 13.5 GW with an increased clean energy portfolio from current levels of 34 per cent to 60 per cent by 2027 and 80 per cent by 2030. The company has planned a Rs 14,000 crore consolidated capex in FY23 with Rs 10,000 crore in renewables. Tata Power added renewable energy capacity of 707 MW in FY22.
Tata Power Company is India’s largest integrated power company.
