On Friday’s trading session, Tata Power Limited’s share was trading at Rs 328 with a 1% increase. The company has seen a strong surge in its share price due to foreign investor buying. Many brokerage houses are positive about purchasing Tata Power shares. The company’s order book size is Rs 18,700 crore, and it aims to have a capital expenditure of Rs 60,000 crore by the financial year 2027. Tata Power’s market capitalization has reached Rs 1 lakh crore, and market experts have set a target price of Rs 350 for its shares. On Monday (December 11, 2023), the share was trading at Rs 330 with a 1.84% increase.
On Friday, December 8, 2023, Tata Power Limited’s share was trading at Rs 323.55 with a 0.69% decline. On Thursday’s trading session, the share was trading at Rs 333 with a 13% surge. Over the past three years, the company’s shares have provided a return of 350% to its investors. Tata Power plans to invest Rs 15,000 crore in various power plants in the financial year 2023-24. The company aims to increase its investment to Rs 20,000 crore by 2024-25 and Rs 23,000 crore by 2026-27. It is expected that the company’s total capital expenditure will exceed Rs 60,000 crore in the next three years. In September 2023, Tata Power’s subsidiary, Tata Renewable Energy Limited, announced the establishment of a 4.3 gigawatt solar cell and module manufacturing facility in the Tirunelveli district of Tamil Nadu. The management board of the International Development Finance Corporation in the US has announced funding of $42.5 million for Tata Power Solar Limited for this greenfield project.
Tata Power Share Price on Friday’s trading session was Rs 328 with a 1% increase. The share price of Tata Power has seen a strong growth due to foreign investors increasing their share purchases. Several brokerage houses are positive about buying Tata Power shares. The order book size of Tata Power is Rs 18,700 crores. Tata Power aims to have a capital expenditure of Rs 60,000 crores by the financial year 2027. The market capitalization of Tata Power Limited has reached Rs 1 lakh crore. Share market experts have announced a target price of Rs 350 for Tata Power shares. On Monday, December 11, 2023, the share price was trading at Rs 330, showing a 1.84% increase. On Friday, December 8, 2023, the share price of Tata Power Limited was trading at Rs 323.55 with a 0.69% decrease. On Thursday’s trading session, Tata Power’s share price was trading at Rs 333 with a 13% increase. In the past three years, the company’s shares have provided a 350% return to its investors. Tata Power plans to invest Rs 15,000 crores in various power plants in the financial year 2023-24. The company aims to increase its investment to Rs 20,000 crores by 2024-25 and Rs 23,000 crores by 2026-27. It is expected that Tata Power’s total capital expenditure will exceed Rs 60,000 crores in the next three years. In September 2023, Tata Power announced that its subsidiary, Tata Renewable Energy Limited, will establish a 4.3 gigawatt solar cell and module manufacturing facility in the Tirunelveli district of Tamil Nadu. The management board of the International Development Finance Corporation in the United States has announced funding of $42.5 million for Tata Power Solar Limited for this greenfield project.
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