Rs 13,556 Crore Order Book: TATA-Group Power Company’s Trombay Unit 5 Resumes Power Supply to Mumbai
The company has a market cap of over Rs 1 lakh crore and the stock gave multibagger returns of 540 per cent in 5 years.
Tata Power's Trombay Unit 5, a crucial 500 MW power plant supplying Mumbai, has resumed operations after a fire incident in September 2024. The company completed the restoration in just four months, a record time since the order placement. The fire, which occurred in the cable vault, was quickly contained by Tata Power's team in coordination with fire safety authorities. This swift action minimized disruption to Mumbai's power supply and allowed for the rapid assessment and execution of a restoration plan.
The Trombay plant has been a cornerstone of Mumbai's power infrastructure since 1956, starting with the city's first thermal power station. Over the decades, it has expanded to include eight units, significantly bolstering the city's energy security. Unit 5, specifically, holds the distinction of being India's first 500 MW multi-fuel generating unit, a feat of engineering at the time. Today, with a total installed capacity of 930 MW, Trombay continues to be a vital part of Mumbai's power ecosystem, serving a diverse range of consumers. Beyond Unit 5, Tata Power's other Trombay units and its hydroelectric plants contribute to the stability and sustainability of Mumbai's power supply.
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About the Company
Tata Power, a leading integrated power company under India's largest conglomerate Tata Group, boasts a diverse portfolio of 14,707 MW spanning the entire power spectrum. This includes the generation of both renewable and conventional energy, along with transmission, distribution, trading, storage solutions and even solar cell and module manufacturing. As champions for clean energy, they've committed to achieving carbon neutrality before 2045. Beyond generation, Tata Power has established India's most comprehensive clean energy platform, offering rooftop solar solutions, microgrids, storage solutions, EV charging stations and home automation systems.
According to Quarterly Results, the net sales increased by 5 per cent to Rs 15,391.06 crore and net profit increased by 23 per cent to Rs 1,001.36 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales increased by 6 per cent to Rs 48,383 crore and net profit increased by 15 per cent to Rs 2,758 crore in 9MFY25 compared to 9MFY24. Looking at its annual results, the net sales increased by 12 per cent to Rs 61,449 crore and net profit increased by 408 per cent to Rs 3,103 crore in FY24 compared to FY23.
With a robust order book of Rs 13,556 crore as of December 31, 2024, Tata Power is poised for an electrifying future. The company has a market cap of over Rs 1 lakh crore and the stock gave multibagger returns of 540 per cent in 5 years. Investors should keep an eye on this mid-cap power stock.
Disclaimer: The article is for informational purposes only and not investment advice.