TATAPOWER

One of India’s largest integrated power companies. Segments: Power generation (thermal + hydro) Renewable energy (solar & wind) Transmission & distribution Solar manufacturing & rooftop solar EV charging infrastructure Installed power capacity ≈ 16.3 GW. The company is transforming from a traditional power utility → renewable energy player. Key Risks 1. High Debt Power and renewable projects require heavy capex, leading to leverage. 2. Thermal business uncertainty Thermal plants (like Mundra) face fuel price and regulatory risks. 3. Long gestation infrastructure projects Returns may take years to materialize.