Ratan Tata’s business is predicted to create new records and generate a profit.

The sustainable energy firm Tata Power, owned by Ratan Tata, is developing a strategy to increase the number of wind-solar hybrid projects in the nation. The organisation is seeking proposals for wind power plants that have a capacity more than 3 thousands of watts as part of this program.

Power and trust are strongly linked with the Tata Group. After decades of tough effort, the firm has gained the confidence of the country. From making luxury cars to generating salt, the Tata Group has grown its operations in almost every sector. Tata Power, one of its businesses that specialises in renewable energy, is doing quite well and is headed towards becoming a significant force in the industry. Tata Power is now working on a strategy to increase the number of wind-solar hybrid projects in the nation. The firm is seeking proposals for wind turbines that have a capacity more than 3 thousands of watts as part of this program.

Over the course of three to five years from now, the plan will probably come to a conclusion, with potential purchase orders valued at over Rs 21,000 crore. Surprisingly the approximate cost of installing one megawatt of wind power is Rs. 7 crore. Shares of Tata Power were trading at Rs 461.40 as of Wednesday. The company’s shares have increased by 90% since last year, and in only five years, they have increased by 700%. It is impressive that the stock has returned around 5,000 percent since 1999.

Based on sources published , there is intense competition among leading Original Equipment Manufacturers (OEMs) such as Siemens Gamesa, Senvion India, Envision Energy, and Suzlon Energy for a significant deal.
The agreement might be divided into several smaller ones with the goal of increasing capacity to 5 gigawatts over the course of the following five years. The contract’s entire value may ultimately approach 35,000 crores. Furthermore, Tata Power plans to invest about $9 billion over the next six years in order to maximise its potential for green energy.