Friday, November 25, 2022

TATA Power AGM: The luck of those who invest in this company of TATA will change! Chairman shared the complete plan

TATA Power Share: Tata Power plans to invest Rs 75,000 crore in the renewable energy sector in the next five years. If you invest in this stock, then you can get good profit in the coming years.

TATA Power Share: If you invest in the stock market then you can follow this news. At this time betting on the shares of Tata Power, a company of Tata Group, can give you bumper benefits in future. Presently the price of this stock is Rs.214.50. This stock is likely to rise further in the coming days. Experts are also bullish about this stock and are advising to buy it. Know what is the reason for this further…

Power generation target of 30,000 MW

Let us tell you that Tata Power plans to invest Rs 75,000 crore in the renewable energy sector in the next five years. The company intends to increase its power generation capacity to 30,000 MW during this period. Half of this production will be achieved from clean energy sources. At present, Tata Power has a production capacity of 13,500 MW. That is, there is a plan to more than double it in the coming five years. In this, the share of renewable energy sources is 34 percent.

Company chairman told future plans

Tata Power Chairman Natarajan Chandrasekaran said at the company’s AGM (Annual General Meeting) that we plan to invest Rs 75,000 crore in the renewable energy sector in the next 5 years. He was replying to a question asked by a shareholder on the company’s future plans. In his address, Chandrasekaran said that Tata Power plans to take its generation capacity to 30,000 MW by 2026-27.

14 thousand crore investment target in the current financial year

Apart from this, the company’s clean energy portfolio will increase to 60 percent by 2027, from 34 percent now. The target is to increase this to 80 percent by 2030. He said that the company intends to invest a total of Rs 14,000 crore in the current financial year. Out of this, Rs 10,000 crore will be invested in renewable energy. Tata Power has added 707 MW of renewable energy capacity in 2021-22.

Expert opinion

Market experts are bullish about the share of Tata Power and are advising to buy. Experts have kept the target price of Tata Power at Rs 250. That is, it can increase by 18 to 20 percent from the current price. The stock had touched a 52-week high of Rs 298 and a 52-week low of Rs 118.40 on April 7, 2022 and July 28, 2021. Experts are giving advice for the rise in this stock in the coming time.

(Disclaimer: Please consult experts before making any kind of investment. IND UPDATES does not advise you for any kind of investment.)

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