Rs 17,643 crore order book: This multibagger power company and Dugar Power Private Limited Forge tie up to Accelerate Nepal's Renewable Energy initiatives!

The stock gave multibagger returns of 400 per cent in just 3 years whereas BSE Sensex Index is up by 75 per cent.

Tata Power Renewable Energy Limited (TPREL), one of the country’s most significant renewable energy players has signed an agreement with Dugar Power Private Limited (Dugar Power), a subsidiary of Dugar Group which is a prominent business house in Nepal. This tie-up heralds TPREL's strategic entry into Nepal's rapidly evolving renewable energy sector and sets the stage for a quantum leap in accelerating Nepal's shift toward sustainable energy.

TPREL is a subsidiary of The Tata Power Company Limited, one of India’s largest integrated power companies. This alliance empowers Dugar Power to achieve a significant milestone in integrating cutting-edge sustainable energy solutions within Nepal. The partnership is set to deploy transformative solar technologies to produce a range of on and off-grid energy solutions.

Engineered for adaptability, this collaboration marks the inception of a long-term commitment to energy sustainability in the region. The agreement is designed to cater to Nepal's diverse energy requirements, offering scalable solutions from 1 KW to MW levels. This opens up new horizons for TPREL to diversify its offerings, including supply cells & modules, Engineering, Procurement and Construction (EPC), as well as Operations and Maintenance (O&M) in Nepal.

On Friday, shares of TPL surged 0.19 per cent to Rs 257.05 per share with an intraday high of Rs 259 and an intraday low of Rs 254.35. The stock gave multibagger returns of 400 per cent in just 3 years whereas BSE Sensex Index is up by 75 per cent.

Order Book Updates: The company order book as of June 30, 2023, stands at Rs 17,643 crore and the total capacity as of June 30, 2023, stands at 4,199 MW. The Rooftop Solar and Group Captive Order Book stands at Rs 2,504 crore.

Investors should keep an eye on this Large-Cap power stock.

Disclaimer: The article is for informational purposes only and not investment advice.