TATAPOWER

Tata Power is scaling up its renewable energy capacity with a target of 30 GW by 2030. Q1 FY26 revenue grew 9% YoY, driven by renewables and distribution business. The company is investing in solar rooftops and EV charging infrastructure, creating long-term growth avenues. Debt levels are manageable, aided by strong cash flows. At ~22x FY26 EPS, valuations are reasonable given growth opportunities. Tata Power is a structural play on India’s clean energy transition and EV ecosystem.