Tata Power shares are in focus on Tuesday as the company has announced a significant development. Tata Power has signed a memorandum of understanding (MoU) with the Rajasthan government, which is expected to have a transformative impact on the company’s operations and growth in the state.
As of 10:11 am the shares were trading 1.28% higher at ₹488.80 on NSE.
Key Details of the MoU:
- The agreement was signed during the Rising Rajasthan Investor Meet in New Delhi.
- Tata Power plans to make a proposed investment of around ₹1.2 lakh crore in the state under this MoU.
- The strategic move is aimed at enhancing the company’s presence and capacity within the power sector, potentially opening up new business opportunities and expanding its reach.
Tata Power Financial Snapshot:
- Market Cap: ₹1,55,134 Cr
- Revenue (12 months): ₹63,529 Cr
- Stock Performance: The stock recently closed at ₹482.60, after opening at ₹486.80. It has traded within a 52-week range of ₹230.80 to ₹494.85.
- P/E Ratio: 41.83; P/B Ratio: 4.66
- ROE (Return on Equity): 15.13%; ROCE (Return on Capital Employed): 13.46%
- Dividend Yield: 0.41%; Debt/Equity Ratio: 1.24
Overview of Tata Power:
Tata Power Company Limited, a part of the Tata Group, stands as one of India’s largest integrated power companies with a substantial international presence. The company, along with its subsidiaries and joint ventures, has a robust generation capacity of 14,384 MW in India. It operates across all segments of the power sector, including thermal, hydro, solar, wind generation, transmission, distribution, and trading.
