India, Oct. 12 -- The Mumbai-headquartered power group has reported a quarter of project commissioning that comfortably beats the same period last year, covering solar, wind and a growing battery storage line. Management has also put numbers on how much more it expects to switch on before March and in the year after. The figures look strong on their own, but they come with a heavy borrowing and spending cycle that investors will want to weigh before drawing conclusions.

Shares of Tata Power Ltd closed at Rs. 343.70, up 0.45 percent on Monday. The stock touched the intraday high of Rs. 345.50 after opening at Rs. 342.00 before slipping to a low of Rs. 340.70. The company commands a market capitalization of Rs. 1,09,823.82 crore.

Tata Pow...