6,788 MW projects: This power company commissions 110 MW solar power project for Kerala State Electricity State Board!
The stock gave multibagger returns of 102 per cent in just 2 years and over 350 per cent in just 3 years.
Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited and one of the major renewable energy players in the country, has commissioned a 110 MW solar power project in Bikaner, Rajasthan. The project will supply 110 MW of green power to the Kerala State Electricity Board. The project is expected to generate approximately 211 MUs (million units) and reduce a 2,58,257 MT (metric tonne) carbon footprint annually.
In spite of the various challenges such as tough land topography, extreme weather conditions, temperatures touching 50+ degrees, the coldest of winters and sandstorms, along with adverse geopolitical challenges, the project was completed within a stipulated period of 7 months. This project is one of the fastest commissioned projects in Rajasthan, backed by a skilled team, cutting-edge technology, and experienced leadership.
With this win, the total renewables capacity of TPREL reaches 6,788 MW with an installed capacity of 4,047 MW (Solar – 3,106 MW & Wind - 941 MW) and 2,741 MW under various stages of implementation.
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Tata Power Solar Systems Limited (TPSSL) is India's largest specialized EPC player and one of the world's pioneering solar manufacturers. Tata Power Renewable Energy Limited ("TPREL") is a wholly-owned subsidiary of Tata Power Company Limited and one of the country's largest renewable energy players.
On Tuesday, shares of Tata Power Company Ltd plunged 1.16 per cent to Rs 216.50 per share with the day’s high of Rs 219.80 and the day’s low of Rs 215.55. The stock has a PE of 20x and an ROE of 25 per cent.
The stock gave multibagger returns of 102 per cent in just 2 years and over 350 per cent in just 3 years. This Large-Cap power stock should be kept under the radar.