Buy Tata power with shorterm target of Rs.100 and long term target of 200

Tata Power is India’s largest integrated power company with a significant international presence. From Fuel and Logistics to Generation and Transmission to Distribution and Trading-exploring various renewable sources of energy in India and globally,  have a significant presence in wind, solar,
hydro and geothermal energy space.
 "Tata Power Delhi Distribution Limited" with Delhi Vidyut Board for distribution in North Delhi, 'Powerlinks Transmission Ltd.' with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi and 'Maithon Power Ltd.' with Damodar Valley Corporation for a Mega Power Project at Jharkhand.
Today, poised for multifold growth. Is one of the largest renewable energy players in India and have developed the country’s first 4000 MW Ultra Mega Power Project at Mundra (Gujarat) based on super-critical technology. International presence includes strategic investments in Indonesia through 30% stake in coal mines and a geothermal project; in Singapore through Trust Energy Resources to securitise coal supply and the shipping of coal for its thermal power generation operations; in South Africa through a joint venture called ‘Cennergi’ to develop projects in South Africa, Botswana and Namibia; in Australia through investments in enhanced geothermal and clean coal technologies and in Bhutan through a hydro project in partnership with The Royal Government of Bhutan.
From focusing on producing clean and green power to investing and implementing eco-friendly technologies; reducing our carbon footprint to joining global initiatives to combat climate change; scouting for clean power sources internationally to driving energy conservation and efficiency;

Tata Power has been associated with the growing legacy of Mumbai as a business city for almost a century now. Mumbai’s growth has been literally powered by Tata Power’s reliable power supply. The Company has since spread its footprint across the country and abroad. Outside Mumbai, the Company now has generation capacities in the States of Jharkhand, West Bengal, Gujarat, and Karnataka and a Distribution Company in Delhi. The thermal power stations of the Company are located at Trombay in Mumbai, Jojobera and Maithon in Jharkhand and Belgaum in Karnataka and Mundra in Gujarat. The hydro stations are located in the Western Ghats of Maharashtra and the wind farms in Maharashtra, Gujarat and Karnataka. An optimum mix of hydel and thermal capacity enables the company to supply power at competitive tariffs to its customers. At 1.9% the Company's transmission & distribution losses are among the lowest in the country. Also, at the core of reliable power supply to the city is the unique ‘Islanding’ system pioneered by Tata Power, due to which the city of Mumbai has the advantage of assured uninterrupted reliable supply of power. In case of a grid failure, an "Islanding system" ensures power supply within the city limits.
The Company’s growth plans include steady capacity addition year-on-year, taking its current installed capacity to 26000MW by 2020.
The progress on Company’s upcoming projects is as follows:
Haldia Project
126 MW Dagachhu Project
Partnership with SN Power
1600 MW Coastal Maharashtra Project
Tiruldih Power Project, Jharkhand (3 X 660 MW)
660 MW Naraj Marthapur, Orissa
652.5 MW Kalinganagar thermal project
236 MW Dugar Hydro Project
Satpura CBM Block
Wind Power
Solar Power
240 MW Sorik Marapi Geothermal Project
Acquisition of stake in Indonesian Coal Mines
Tubed Coal Block in Jharkhand
Mandakini Coal Block in Orissa
 
Haldia Project:
Haldia Power Project
126 MW Dagachhu Project : In partnership with the Royal Government of Bhutan (RGoB), the Dagachhu Project is progressing as scheduled. All major orders for the project have been made. All statutory clearances - land, water, and environment - have been received. The PPA for the entire quantum of power has been signed for the project. The first unit is targeted to be commissioned by monsoon of 2014.
 
Partnership with SN Power : Tata Power has signed an exclusive partnership agreement with SN Power, Norway, to set up joint ventures for developing hydropower projects in India and Nepal. Tata Power and SN Power are developing Dugar hydro project and are pursuing project opportunities in the vast hydro potential available in the Himalayan region. The partners aim to have 2000 MW under construction or in operation by 2015, and a total of 4000 MW by 2020.
 
1600 MW Coastal Maharashtra Project : During the year, Tata Power has made substantial progress in the Coastal Maharashtra Project. The Rehabilitation and Resettlement (R & R) Authority of the Government of Maharashtra has approved the R & R proposal made by Tata Power. Land acquisition has commenced. The plant is expected to be commissioned within four years of land acquisition.
 
Tiruldih Power Project, Jharkhand (3x660 MW) : The process of land acquisition in Jharkhand is expected to take around 12-18 months. In principle, clearance has been received from the Railways for the transportation of coal from Tubed Coal Block. This block has been jointly allotted to Tata Power and Hindalco in Jharkhand.

660 MW Naraj Marthapur, Orissa : All major clearances for the 660 MW Naraj Marthapur project have been obtained. The environmental clearance from the Ministry of Environment and Forests is obtained. The plant is expected to be commissioned within three years of the completion of the land acquisition, which is expected to be completed during the year. Tata Power has been allotted the Mandakini coal block located in the Angul district of Orissa, along with Monnet Ispat and Energy Limited, and Jindal Photo Limited.
Kalinganagar, Orissa 3X67.5 MW (Gas based) +3X150 MW (Coal+gas based): The project is being executed through Industrial Energy Limited, a JV of the Company with Tata Steel Limited in the eastern part of Orissa.
 236 MW Dugar Hydro Project: The Tata Power - SN Power consortium won the bid for 236 MW Dugar Hydro Power Project in Himachal Pradesh. The run of the river Dugar Hydro Electric Project will primarily feed the Northern grid. Currently, the project is being optimized for 380 MW.


Satpura CBM Block : Tata Power along with its consortium partner Arrow Energy has been awarded the Satpura CBM block in Madhya Pradesh during the CBM IV bidding round. The Tata Power-Arrow Energy consortium has been awarded the Satpura CBM block in Madhya Pradesh.

Renewable Projects :
Tata Power is consistently working towards innovating and implementing eco-friendly technologies, and undertaking various projects under the Clean Development Mechanism, including wind power projects and various small-scale energy efficiency projects. Tata Power's power plant emissions are well within the norms laid down by the National Ambient Air Quality Standards (NAAQS). Committed to complying with all regulations pertaining to the preservation and enrichment of the environment, Tata Power uses world-class innovative and environment friendly technologies.
Wind Power : Tata Power is the leading private wind generation company with an installed capacity of 437 MW and has added another first to its credit by commissioning 2 MW-class wind turbines designed by Kenersys Gmbh of Germany, manufactured and installed by Kenersys India. Currently, Tata Power’s wind power capacity is spread across five states - Maharashtra, Gujarat, Tamilnadu, Karnataka and Rajasthan. Another 180 MW of wind projects are under construction in the states of Rajasthan (Dalot 100.5) and Maharashtra (Pethshivpur 49.5, Visapur 32 MW). In addition, Tata Power through Cennergi, is developing two wind projects totaling 234 MW in South Africa.
Wind Power Projects india

Solar Power : The company is planning to set up solar capacities in Maharashtra to meet its solar renewable purchase obligation.
Solar Power Solutions

240 MW Sorik Marapi Geothermal Project : The Tata Power (47.50%) led consortium along with Origin Energy Ltd., Australia (47.50%) and PT Supraco, Indonesia (5%), won the Sorik Marapi geothermal project in Northern Sumatra, Indonesia. The Sorik Marapi project is estimated to support the development of approximately 240 MW of geothermal generation capacity. The project will be developed by PT Sorik Marapi Geothermal Power (SMGP), a Special Purpose Vehicle formed by the Consortium. The project is in the exploration phase.
Sorik Marapi Geothermal Power Project
The above picture is a representative image of a geothermal power plant
Acquisition of 30% stake in Indonesian coal mines : Tata Power completed the acquisition of 30% equity stakes in major Indonesian thermal coal producers, PT Kaltim Prima Coal and PT Arutmin Indonesia, as well as related trading companies owned by PT Bumi Resources Tbk.
Tata Power has also acquired 26 per cent stake in Indonesian miner PT Baramulti Sukses Sarana Tbk (BSSR). The acquisition, done through Khopoli Investments Ltd, a wholly-owned subsidiary of Tata Power, gives Tata Power access to a part of the 1 billion tonne (BT) coal reserves held by BSSR and its subsidiary PT Antang Gunung Meratus (AGM). 
Captive Coal Blocks:
Tubed Coal Block in Jharkhand : This is a joint venture between Tata Power and Hindalco, and has been registered.
Mandakini Coal Block in Orissa : The Ministry of Coal’s screening committee has allotted Mandakini Coal Block in Orissa jointly to Tata Power, Jindal Photo, and Monnet Ispat. Heads of agreement have been signed with JV partners.

For close to four decades, The Tata Power Company Limited through its Strategic Engineering Division (Tata Power SED) has been a leading private-sector player in the indigenous Design, Development, Production, Integration, Supply and Life-cycle Support of mission critical Defence Systems of Strategic importance. During this period, the Division has partnered the Ministry of Defence (MoD), the Armed Forces, DPSUs and DRDO in the development & supply of state-of-the-art Systems and emerged as a Prime Contractor to MoD for Indigenous Defence Production when it secured Orders for Pinaka Multi Barrel Rocket Launcher, Akash Army Launcher and Integrated EW System for the Indian Army and for the Akash Air Force Launcher, COTS-based Automatic Data Handling System for Air Defence and Modernisation of Airfield Infrastructure (MAFI) for the Indian Air Force.
155/52mm Mounted Gun SystemTata Power SED has the unique distinction of participating in Defence Programs through a dedicated R&D Centre at Mumbai and a Production facility along with an R&D Facility at Bengaluru. As a leading domestic player in Strategic Engineering, the Division is now globally recognised for harnessing its “Systems and Engineering” capabilities and has been appraised at Maturity Level 5 of CMMI® for Development v1.3.
EW Control Centre SoftwareSuccess in modern war depends on Integrated operations over distributed geographies using Sensors and Weapons of varying vintage. Tata Power SED's team has the right blend of technological and operational experience in integrating these heterogeneous systems, using both industry standard and system specific interfaces and protocols.
Multi-Sensor Tracking Data Correlation and FusionIn recognition of its pioneering capabilities in Design, Development, Manufacturing and System Integration, Tata Power SED was nominated by MoD as a Major Work Centre for the Samyukta Electronic Warfare Program under the aegis of DRDO. Tata Power SED has also received several national awards from industry associations such as the Federation of the Indian Chamber of Commerce and Industry (FICCI), the Confederation of Indian Industry (CII) and the Ministry of Science and Technology.

With so much in store we suggest a strong buy for Tata power with  shorterm target of Rs.100 and long term target of 200.
Source : www.tatapower.com
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