Tata Power Share Price | Tata Renewable Energy Limited, a subsidiary of Tata Power Company, part of the Tata Udyog Group, has announced the construction of a 4.3 GW solar power cell and module manufacturing plant in Tirunelveli district of Tamil Nadu state.
Tata Power Renewable Energy Company is a subsidiary of Tata Power Limited Company. It is one of the largest integrated power generation companies in India. Production of the first module from Tata Power Company’s Tamil Nadu power plant is likely to begin by the end of 2023. The production of the first cell from this power plant will start from the June quarter of the year 2021-25. Tata Power stock closed at Rs 265.10 with a gain of 0.04 percent today, Thursday, September 14, 2023.
Shares of Tata Power Limited Company were trading at a price of Rs.273 during the trading session on Tuesday. Shares of Tata Power Company have given its investors 300 percent profit in the last 3 years. Tata Power Company has informed in its June quarter results that the total sales of the company has reached Rs 15003 crore with an increase of two percent.
In the June 2023 quarter of the current financial year, Tata Power Company’s EBITDA was recorded at Rs 3005 crore, a growth of 43 percent. And the company posted a net profit of Rs 1,141 crore in the June quarter, a growth of 69 percent. Tata Power Company’s order book size as on June 30, 2023 was Rs 17643 crore. Tata Power Company has recently achieved 4199 mega watt capacity. Tata Power’s rooftop solar and group captive order book size stands at Rs 2504 crore.
Important: Investing in mutual funds and stock market is based on risks. Be sure to consult your financial advisor before investing in the stock market. AkhandIndia.com shall not be liable for any financial loss.
