Tata Power Company Ltd (NSE: TATAPOWER): Due to the ever-increasing population in the country, there is also an increase in energy consumption, due to which new energy projects are being started in the country, which is being started by government-owned companies as well as private companies.
Although there are many private companies in the field of energy production in the country, Tata Power Company Ltd is one of the most talked about companies.
Recently, information has been received that Tata Power Company Ltd-led energy distribution companies Discom have made a big investment in the expansion of the necessary infrastructure of electricity in Odisha in the last few years.
The effect of which we can see on the stock of Tata Power Company Ltd in the coming time.
Tata Power Company Invested Rs 4,245 Crore In Odisha
There is an ongoing rise in the need for power in Odisha. The power infrastructure was not capable of expanding the energy, due to which an agreement was signed between Tata Power and the Odisha State Government for joint venture operation.
Under the agreement, Tata Power Company Ltd and the Odisha government have jointly expanded the power infrastructure in the last three to four years in which Tata Power has invested Rs 4,245 crore.
Under this agreement, the company and the state government jointly operate four discoms.
The four discoms include TP Central Odisha Distribution (TPCODL), TP Western Odisha Distribution (TPWODL), TP Southern Odisha Distribution (TPSODL) along TP Northern Odisha Distribution Limited (TPNODL). These provide their services to more than 90 lakh customers.
Improvement In The Power Infrastructure Of The State
The efforts made by Tata Power Company Ltd and the state government seem to be successful as the new amount of investment in the state has helped in expanding 2,177 circuit kilometers of 33 kV lines and 19,809 circuit kilometers for 11 kV lines.
Apart from the work of laying lines, 30,230 distribution transformers have been added to increase the network of power distribution in cities and rural areas.
To ensure that all the work of power distribution is done properly, 166 new primary substations have also been started by the company.
These new substations have been developed based on new technology, due to which about 55% of all the primary substations established are automatic.
Due to the expansion of power infrastructure done by the company, record-breaking electricity is now being provided to the urban and rural people because now more than 23 hours of electricity is being provided daily in urban areas.
On the other hand, more than 21 hours of electricity is being provided daily in rural areas.
Tata Power Company Ltd Stock Performance
| Current Price | ₹ 439 |
| 52-wk High | ₹ 464 |
| 52-wk Low | ₹ 217 |
| 5 Days Return | 0.53% |
| 1 Month Return | -2.76% |
Key Fundamentals Parameters
| Market Cap | ₹ 1,40,387 Cr. |
| Stock P/E | 40.7 |
| Book Value | ₹ 101 |
| Dividend | 0.46 % |
| ROCE | 11.1 % |
| ROE | 11.3 % |
| Face Value | ₹ 1.00 |
| P/B Value | 4.34 |
| OPM | 17.5 % |
| EPS | ₹ 11.6 |
| Debt | ₹ 53,689 Cr. |
| Debt to Equity | 1.66 |
Tata Power Company Ltd Shareholding Pattern
| Promoters Holding | |
| Mar 2023 | 46.86% |
| June 2023 | 46.86% |
| Sept 2023 | 46.86% |
| Dec 2023 | 46.86% |
| Mar 2024 | 46.86% |
| FII Holding | |
| Mar 2023 | 9.45% |
| Jun 2023 | 9.75% |
| Sep 2023 | 10.00% |
| Dec 2023 | 9.85% |
| Mar 2024 | 9.44% |
| DII Holding | |
| Mar 2023 | 14.16% |
| Jun 2023 | 14.59% |
| Sep 2023 | 15.68% |
| Dec 2023 | 16.11% |
| Mar 2024 | 15.47% |
| Govt. Holding | |
| Mar 2023 | 0.32% |
| Jun 2023 | 0.32% |
| Sep 2023 | 0.32% |
| Dec 2023 | 0.32% |
| Mar 2024 | 0.33% |
| Public Holding | |
| Mar 2023 | 29.21% |
| Jun 2023 | 28.48% |
| Sep 2023 | 27.15% |
| Dec 2023 | 26.87% |
| Mar 2024 | 27.91% |
Tata Power Company Ltd Share: Last 5 Years’ Financial Condition
Last 5 Years’ Sales:
| 2020 | ₹ 29,136 Cr |
| 2021 | ₹ 32,703 Cr |
| 2022 | ₹ 42,816 Cr |
| 2023 | ₹ 55,109 Cr |
| 2024 | ₹ 61,449 Cr |
Last 5 Years’ Net Profit:
| 2020 | ₹ 1,316 Cr |
| 2021 | ₹ 1,439 Cr |
| 2022 | ₹ 2,156 Cr |
| 2023 | ₹ 3,810 Cr |
| 2024 | ₹ 4,280 Cr |
Conclusion
This article provides a detail guide about Tata Power Company Ltd share.
The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses.
Also, we’ve talked in depth about the shares’ prospects and growth possibilities.
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