Stock Market

Focused on clean energy, Tata Power keeps its face to the sunshine. Low tariff can cloud its view.

An awareness van of rooftop solar power flagged-off by Tata Solar Power from GREDA office in Ranchi on June 13, 2019.


The company is looking to raise its market share in green energy to 60% by 2025 from 25% at present. It is gaining prominence in solar rooftop and pumps, and will gradually close down thermal-power plants as they age. The company, which has an INR44,000 crore debt, plans to reduce it to INR25,000 crore this financial year.

With a huge land mass, 300 sunny days a year, over a dozen perennial rivers, and a coastline spanning over 7,500km, India has all it takes to become a renewable-energy superpower. The country has started the journey to book its place as the world leader in solar power in the next decade. Renewable energy accounts for 26% of the world’s electricity and the share will only increase in the future. Tata Power, the country’s leading power producer,

  • SAVE

To Read the Full Story, Become an ET Prime Member

Sign in to read the full article

You’ve got this Prime Story as a Free Gift

Access the exclusive Economic Times stories, Editorial and Expert opinion

Already a Member?

Why ?

  • Sharp Insight-rich, Indepth stories across 20+ sectors

  • Access the exclusive Economic Times stories, Editorial and Expert opinion

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

Source link


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button