Tata Power - Best-Placed Private Player In The Power Sector: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.We attended Tata Power Company Ltd.’s analyst meet during which the company highlighted the growth strategy for its several businesses over FY23-FY27. Tata Power has a clear focus toward clean and green growth as evident from the fact that 80% of the estimated Rs 1 trillion capex over FY23-FY27 will be on green businesses. With this, the company aims to grow its revenue and profit after tax three times and four times from the FY22 levels of Rs 426 billion and Rs 23 billion respectively, and simultaneously improve shareholder returns. Apart from the five-year green business targets to improve its leadership positions (helped by the receipt of Rs 20 billion from Tata Power Renewable Energy Ltd. stake sale), we expect Tata Power to be among the key players in the transmission and distribution space, participating in upcoming discom privatisation as well as transmission tariff-based competitive bidding bids. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Tata Power - Best-Placed Private Player In The Power Sector: ICICI Securities

Tata Power - Best-Placed Private Player In The Power Sector: ICICI Securities

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