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Welspun deal positive for Tata Power

High return on equity earned by former's renewable assets justify the deal's premium valuation

Hamsini Karthik  |  Mumbai 

Acquisition of Welspun Renewable Energy with a capacity of 1,140 Mw takes Tata Power closer to its objective of generating 30-40 per cent of power through renewable energy by 2025. With 990 Mw capacity dedicated for solar energy, the acquisition will help Tata Power scale up its renewable portfolio to 2,300 Mw (the current comprises operating capacities of 550 Mw of solar energy and 240 Mw of wind power, 245 Mw of solar power is under execution). While the Street wasn’t enthused, given that the Tata Power stock after registering a 52-week high on Monday, ended flat at Rs 75.75 a ...

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Welspun deal positive for Tata Power

High return on equity earned by former's renewable assets justify the deal's premium valuation

High return on equity earned by former's renewable assets justify the deal's premium valuation Acquisition of Welspun Renewable Energy with a capacity of 1,140 Mw takes Tata Power closer to its objective of generating 30-40 per cent of power through renewable energy by 2025. With 990 Mw capacity dedicated for solar energy, the acquisition will help Tata Power scale up its renewable portfolio to 2,300 Mw (the current comprises operating capacities of 550 Mw of solar energy and 240 Mw of wind power, 245 Mw of solar power is under execution). While the Street wasn’t enthused, given that the Tata Power stock after registering a 52-week high on Monday, ended flat at Rs 75.75 a ... image
Business Standard
177 22

Welspun deal positive for Tata Power

High return on equity earned by former's renewable assets justify the deal's premium valuation

Acquisition of Welspun Renewable Energy with a capacity of 1,140 Mw takes Tata Power closer to its objective of generating 30-40 per cent of power through renewable energy by 2025. With 990 Mw capacity dedicated for solar energy, the acquisition will help Tata Power scale up its renewable portfolio to 2,300 Mw (the current comprises operating capacities of 550 Mw of solar energy and 240 Mw of wind power, 245 Mw of solar power is under execution). While the Street wasn’t enthused, given that the Tata Power stock after registering a 52-week high on Monday, ended flat at Rs 75.75 a ...

image
Business Standard
177 22