The power sector in India has undergone various stages of development and evolution.
New Delhi: India has made great progress in its overall infrastructure development and one of the most vital factor is the power sector.
The power sector in India has undergone various stages of development and evolution as demanded by the rising demand for electricity by both commercial and residential sectors.
We have seen big players taking up the market. They include some of the world’s biggest names like Tata Power, Reliance Power, and Adani Power. These industrialists have invested heavily in thermal, solar, and renewable energy projects apart from the conventional methods.
According to experts, the power demand will grow with India’s economy. For that, the power supplying companies have to increase the pace and speed up their operational capabilities.
Here we take a comparative look at two power powerhouses, TATA Power and Adani Power.
Adani Power’s financial results for Q2 FY25, with a 10.8% increase in revenue was Rs 13,465 crore, more than Rs 12,155 crore in the same period last year.
TATA Power reported mixed financial performance in the latest quarter compared to the last year. Total revenue declined 1% year-over-year to Rs 15,247 from Rs. 15,442 crore.
Adani Power’s shares, as of Monday, 02 December 2024, are trading at Rs. 558.15, up 0.57% from their previous close of Rs. 561. As of December 2, 2024, the company’s shares have a PE of 16.7 and a market cap of Rs. 2,12,594 crore.
On the same day, TATA Power’s shares are trading at Rs. 416, down 0.47% from their previous close of Rs. 414.15. As of December 2, 2024, the company’s shares have a PE of 35 and a market cap of Rs. 1,32,926 crore.
Adani Power has identified a development pipeline of 12.52 GW, including 2.92 GW of ongoing projects and 9.60 GW in new orders. With a focus on new technologies, it aims to contribute significantly to the 80 GW additional capacity required by FY 2031-32, ensuring sustainable power solutions.
Tata Power’s order book, driven by its Utility Scale and Group Captive Solar EPC business, stands at Rs 7,485 crore. In Q2 FY25, it secured 370 MW orders worth Rs 1,900 crore and executed 261 MW of projects, underscoring its strong focus on sustainable energy solutions and consistent project delivery across diverse sectors.
Adani Power has proven track record of project management and fuel logistics. It has efficiently handled end-to-end project integration, demonstrated by achievements like India’s first supercritical power plant in Mundra, Gujarat, and a transnational project in Godda, Jharkhand.
Its logistics infrastructure ensures seamless mine-to-plant coal transportation, supporting plants like Mundra, Udupi, and Tiroda.
TATA Power has bolstered its business prospects in a series of strategic partnerships and initiatives as it signed an agreement with Tata Motors to provide 200 DC Fast chargers for electric commercial vehicles, catering to the growing demand for sustainable transportation solutions.
Also, it sealed a pact with EC Wheels to develop a fleet charging hub in Kolkata, enabling the adoption of electric vehicles. It launched a free charging facility for Tata Motors passenger car customers, providing them with a convenient and eco-friendly charging network.
TATA Power deployed chargers on the Delhi-Agra expressway, enhancing the accessibility and convenience of electric vehicle usage.
It can be concluded that both Adani Power and Tata Power are crucial to India’s evolving energy landscape.
(With inputs from Dipangshu Kundu, Trade Brains)