Tata Power to foray into nuclear energy when govt revises regulations, CEO Praveer Sinha

Publication: Moneycontrol

Date: 11 December 2024

  • Tata Power is one of India’s leading integrated power companies.
  • The company will enter the nuclear energy sector after the government revises regulations to allow public-private partnership in building plants and small reactors.
  • The 2024 Union Budget of India includes plans to partner with the private sector to build Bharat Small Reactors (BSR) and research and develop Bharat Small Modular Reactors (BSMR).
  • The company has a target of achieving revenue of Rs 1 lakh crore and profit after tax (PAT) of Rs 10,000 crore by 2030.
  • In its 9 December 24 report, leading brokerage house ICICI Securities has set a target price of Rs 541 (FY27E).
  • The company’s stock price closed at Rs 434.80 on 11 December 24.

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