Two shares with immense potential of growth in the renewable energy sector ... learn why and invest wisely
Another doubling in capacity, through the addition of two more solar glass lines, has already been approved by the company’s board. Of those, one is expected to come on stream in the third quarter of next year. " - taken from pv- magazine.com
The financial analysis taken from google on 7.04.2022.
The share price of Borosil Renewable had increased in this time frame of one year and has a huge potential in the future.After Borosil Renewables comes Tata Power -"The company plans to take its renewable production to massive 15 GW by 2025.
Renewable power currently accounts for 30% of total capacity, while the target is to take renewable capacity to 80% by 2030.
Also, recent orders and deals bagged by Tata Power in the solar power segment has pumped up the stock.
Recently, Tata Power Solar, a subsidiary of Tata Power, has secured orders to install 100 megawatt (MW) of distributed generation (DG) capacity in Maharashtra on behalf of state-run energy efficiency services (EESL).
The subsidiary has also received a Letter of Award (LoA) regarding the engineering, procurement, and construction (EPC) works for several projects worth ₹5.4 bn.
Back in June 2021, Tata Power Solar also received EPC orders for ₹6.9 bn from NTPC to set up solar photovoltaic (PV) projects.
Tata Power plans to raise funds for the IPO of its renewable energy unit
Tata Power is in talks with large pension and sovereign asset managers, including Canada pension plan invest board (CPPIB) and government of Singapore investment (GIC), to raise at least US$500 m ahead of the proposed initial public offering (IPO) for its renewable energy unit.
According to Economics Times, some bulge-bracket funds from the US and sovereign funds from the Middle East are also exploring investments in Tata Power Renewables. Tata Power is understood to be working with Moelis & Co. to run a formal process to find a buyer, the report said.
Tata Power acing the EV race
The stock has been on a roll recently due to various orders and transactions taking place in the electric vehicles, charging stations segment.
In India, there are approximately 70,000 petrol pumps that serve as the backbone of the country's transportation industry.
How many charging stations would India require in the not-too-distant future when cars are powered by electricity?
There is no obvious answer, but Tata Power, the firm that has taken the lead in establishing charging stations around the country, is pushing forward.
Currently, the company has installed 961 charging stations. By the end of this financial year, it hopes to more than double that number to 2,000 charging stations. And in 5 years, it wants that number to swell five times." - taken from livemint.com.
This picture below clearly state the impact of the company in energy sector. The rise in price shows the future potential.
Watch the latest financial analysis of the company.See the growth in the revenue.
Pictures taken from google on 7.04.2022.
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