Rs 15,900 crore order book: TATA-Group solar & wind power company bags new order worth Rs 550 crore from Yamuna International Airport Pvt Ltd

The stock is up by 80 per cent from its 52-week low of Rs 246.95 per share and gave multibagger returns of over 660 per cent in 5 years.

Tata Power Company Ltd and Noida International Airport (NIA) have joined forces to create a sustainable future for India's aviation sector. This strategic partnership will see Tata Power invest approximately Rs 550 crore (USD 66 million) in renewable energy solutions, critical dry utilities, and smart energy infrastructure for the airport.

Tata Power Trading Company Limited (TPTCL) will play a pivotal role in this initiative. It will oversee the entire renewable energy portfolio, ensuring a seamless supply of 10.8 MW of wind power to NIA. This power will be sourced from Tata Power Renewable Energy Limited (TPREL)'s existing wind assets. Additionally, TPREL will develop, operate, and maintain a 13 MW on-site solar power plant to further contribute to the airport's energy needs. By combining wind and solar power, Tata Power aims to provide NIA with a sustainable and reliable power supply, reducing its carbon footprint and operational costs.

Beyond renewable energy, Tata Power is also committed to enhancing NIA's infrastructure. The company will develop critical dry utilities, including electrical infrastructure, and provide long-term operation and maintenance (O&M) services for a period of 25 years. This comprehensive approach will ensure the airport's smooth functioning and energy efficiency.

This partnership between Tata Power and NIA sets a new benchmark for sustainable airport development in India. It demonstrates the potential for replicating this green model across the country's rapidly expanding airport infrastructure. By embracing renewable energy and smart energy solutions, India can build modern, eco-friendly airports that meet the growing demands of the aviation sector while minimizing environmental impact.

About Tata Power Company Ltd

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.

Tata Power Company Ltd reported its 20th consecutive quarterly PAT growth. During the quarter that ended September 30, 2024, the Company reported its highest-ever PAT before exceptional items of Rs 1,533 crore, up 51 per cent YoY. Consolidated EBITDA during the quarter rose 23 per cent to Rs 3,808 Crore on the back of ramped-up solar manufacturing, favorable regulatory development in distribution and operational efficiency across businesses. For the H1FY25 period, the company clocked its highest-ever Revenue, EBITDA, and PAT before exceptional items at Rs 32,057 crore, Rs 7,158 crore, and Rs 2,721 Crore, respectively. Looking at its annual results, the net sales increased by 10 per cent to Rs 61,542 crore and net profit increased by 12 per cent to Rs 4,280 crore in FY24 compared to FY23.

With a robust order book of Rs 15,900 crore as of September 30, 2024, Tata Power is poised for an electrifying future. The company has a market cap of over Rs 1 lakh crore. The stock is up by 80 per cent from its 52-week low of Rs 246.95 per share and gave multibagger returns of over 660 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.