Tata Power Company Limited is India’s largest private sector company engaged in the generation of electricity. The company has generation capacities in Mumbai, Delhi, Jojobera, Jharkhand and Karnataka of India. The headquarters are located at Mumbai, Maharashtra, India. The key industry areas include Electricity generation, Electricity transmission and Electricity distribution. The company was stated way back in the year 1911 with the name Tata Hydroelectric Power Supply Company. At that time it was a combination of Andhra Valley Power Supply Company and Tata Hydroelectric Power Supply Company (1916). At present the company has an installed power generation capacity of 2670 MW.
Tata is the most trusted name among the Indians in general and among the business class in special. A clean brand image has been formed around the name Tata in all these years for its responsible behaviour & steps in the corporate social responsibility arena towards the Indian consumers and masses as a whole.
Tata Power has initiated a joint venture with Power Grid Corporation of India with a 51:49 ratio for the 1200 km Tala project. It is the first such partnership (public-private) in the Indian business history. Moreover, it has won a bid for the 4000 MW power plant at Mundra, India. The most important thing about this project is that it will be completed under one construction project unlike the other projects in this category in the Indian history.
The power company has some international experience under its belt too like the ones in Middle East, Africa and South East Asia.
Tata Power has the thermal power stations at Trombay in Mumbai, Belgaum in Karnataka and Jojobera in Jharkhand whereas the wind farm in Ahmednagar and West Ghats of Maharashtra house the hydro stations of the Indian power giant.
In the Indian stock market Tata power stocks are one of the reliable options for a trader for both long term and short term trading for effective returns. Of late due to the economic uncertainty worldwide, it saw some abrupt selling of its stocks by the traders.
Hold Tata Power with target of Rs 1450 and stop loss of Rs 1380, says Rajeev Agarwal, technical analyst, on Zee Business. The stock is currently trading at Rs 1395.50, up 1% on the BSE.
Sell Tata Power at Rs 1367 with intra-day target of Rs 1347 and stop loss of Rs 1377, says Hemen Kapadia, technical analyst, on CNBC TV18.