Tata Power is one of India’s largest conglomerates‘ Tata Group’, with over 100 years of experience in the energy industry. The company is active in three segments: Power Generation, Transmission and Distribution, and Renewable and Green Energy (TPRL).
TPRL has an installed capacity of 14,384 MW and provides electricity to more than 12.5 million consumers across India. In this article, we will take a look at the factors that will shape the future of Tata Power's share price target 2025
The company’s latest project in West Bengal, the 1040kWh solar system, is expected to increase the power output of TPRL by 25% as it captures sunlight from both sides of the solar panels.
Tata Power Share Price Target 2024 has been trending upward for the past 5 years and is expected to continue doing so in the coming years as well. The company’s market cap has increased by 2,66% in the last 2 years, bringing it to Rs 1.16 crore. Currently, Tata Power stock is trading at an all-time high price of Rs 366.
Tata Power's share price target 2025 has been performing well in the last 2-3 years. The company's shares have delivered a multi-digit return on the National Stock Exchange (NSE) in the last 2 years.
Since 2012, Tata Power has been paying consistent dividends to its shareholders, ranging from Rs. 1.25-2.00.
According to a Memorandum of Understanding (MoU) signed with the Government of Gujarat, the company is committed to becoming India's leading provider of renewable energy sources. The company plans to use all green sources of energy to promote the ‘Sustainable is Attainable’ movement and to promote sustainable living in the country.
Over the next 10 years, Tata Power Share Price Prediction become the leading provider of Electric Vehicle (EV) Charging Infrastructure in India by providing EV car companies with 1 lakh EV Charging Points by the end of 2028.
In addition, the company has installed more than 85,000 solar water pumps in the country and plans to install more than 2.5,000 solar pumps in the next 10 years.
Tata Power has the potential to generate revenue of more than Rs 5000 crore per year. Currently, it has a solar power generation capacity of 1000 MW which generates around Rs 2,000 crore per year. However, by 2027, it plans to increase its solar power generation capacity by 2,4 + GW per year which will generate around Rs 10,000 crores per year.
Tata Power operates electric vehicle (EV) charging stations across 450 cities in India. This makes it the largest EV charging infrastructure in the country. By 2025, Tata Power plans to install more than 10000 EV charging points in addition to its current number of 3600 public charging points.
Shortly, Tata Power is expected to face competition from the following companies in the power sector: Adani Power, Reliance, Rattan, GVK Power, Jindal Steel & Power Ltd.
Tata Power has set a goal of generating 70% of total generation from clean energy sources by 2030, and 100% from green energy sources by 2040; currently, 40% of the total generation is generated from clean energy sources. In the coming years, Tata Power plans to invest in wind energy and solar energy in Tamil Nadu, with a total investment of around Rs 55.000 crore.
The Tata Power Share Price Target 2024 was fixed at Rs 385, with a target price range of Rs 342.00 to Rs 380.00. The share price was confirmed on January 29, 2023, when the share price on the NSE reached Rs 386,75.
The share price of Tata Power has risen by 67%, taking the total market capitalization of the company to more than Rs 1,00,000 crore. The stock price of the company was quoted at Rs 455, with an earlier price of Rs 422.
Tata Power's share price target 2025 has been on a positive trajectory for the past 3 years. The company’s CAGR for the last 3 years has been 4934, with the year-on-year (YoY) growth being 4934% from February 2019 to January 29th, 2024. Moreover, in the year 2023, the company’s Share Price gained 87.06% and in August 2023, it gained 61.49%, reaching a new high of Rs 455.
The company’s strong brand name and the upcoming renewable projects in India will continue to drive its stock performance on the National Stock Exchange (NSE). Experts such as ICICDirect, Antique Stockbroking, etc., are optimistic about the future of TATA Power Share. However, the stock market can be volatile and many factors can affect its performance, so it is recommended to conduct a thorough analysis of the market scenario and vulnerabilities before investing.
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