India, Sept. 28 -- Tata Power's business is gradually shifting from conventional electricity generation to an integrated clean-energy model. The company still operates a significant thermal-generation portfolio, but its growth investments are increasingly concentrated in renewables, solar manufacturing, rooftop solar, EV charging, and energy storage. The shift is visible not only in capacity additions but also in the contribution of these newer businesses to revenue and profit.

Tata Power was trading around Rs. 362 per share, with a market capitalization of roughly Rs. 1,15,671 crore and a P/E of around 30x. The stock's 52-week range was approximately Rs. 342-465.

Renewables Are Expanding

Renewable energy has become a substantial part...