TATA Group stock which is India’s largest integrated power company has received approval form (MERC) Maharashtra electricity electric commission to install 100 MG battery energy storage in Mumbai across 10 strategic locations.
Stock Performance
With a market capitalization of Rs. 1.13 Lakh Crore the shares of Tata Power Company Ltd closed at Rs. 354.75 per share, down 3.85 percent from its previous day’s close price of Rs. 368.98.It has delivered an 877 percent return in 5 years and last one year gave a negative return of 11.4 percent.
What Happened
Tata Power Company Ltd has announced that it has received approval from the Maharashtra Electricity Regulatory Commission (MERC) to install a 100 MW Battery Energy Storage System (BESS) across 10 strategic locations in Mumbai over the next two years.
It will ensure uninterrupted power supply to critical infrastructure such as the Metro, Hospitals, Airport, and Data Centers during grid disturbances, and will support the grid through islanding to prevent blackouts.
About the company
TATA POWER company is India’s largest power company This company engaged in the business of Energy solution,Solar roof, Power Transmission,Hydro energy Etc.owns a diversification portfolio of 15.6 GW.This company serves 12.5 million customers nationwide this portfolio spans the entire power value chain from renewable energy distribution,trading,solarcell and module manufacturing.,
Financial Highlights
Tata power achieves highest ever quarterly PAT (profit after tax)Rs. 1188 Cr in Q3 FY25 up 10.4 percent YOY and the revenue grew 1.9 percent to Rs. 15,391 Crores, EBITDA grew by 7.1 percent YOY to Rs. 3481 Cr in Q3FY25.
Ratio Analysis
The company has a P/E ratio of 30.37 and the industrial P/E is 44.53, a return equity of 11.12 percent and return on capital employed of 10.25 percent. Furthermore, the company maintains a debt to equity ratio of 1.73 and currently, the company is trading 3.5X of its book value.
Written by Sanjay
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