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    Tata Power: Generation disappoints, but renewable portfolio drives growth

    Recent run-up in share prices of Tata Power leaves little scope for appreciation in the near term

    Jitendra Kumar Gupta
    October 29, 2021 / 12:14 PM IST
    Tata Power: Generation disappoints, but renewable portfolio drives growth

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
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    A strong focus on power distribution and green energy continues to drive Tata Power’s growth. During the quarter ended September 2021, Tata Power reported a 13 percent year-on-year (YoY)  growth in revenue despite high coal prices.  Consolidated net profits grew by 36 percent to Rs 506 crore. Moreover, given its solar order book, strong EPC project pipeline, fast execution of green energy infrastructure, lower taxes, and a spurt in international coal prices, the earnings visibility for the next two...

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