Additional infusion of ₹2,000 crore will be concluded in accordance with the terms of the agreements," the company statement said. (UK) ("Investors") and accordingly the investors has invested ₹2,000 crore in Tata Power Renewable Energy Limited ("TPREL"), subsidiary of the Group on preferential basis which resulted in dilution of 6.06% equity stake in TPREL. "During the quarter ended 30th September, 2022, the Group has obtained all necessary approvals pursuant to the agreements signed on 14th April, 2022 with Green Forest New Energies Bidco Ltd. The company has reported a jump in Net Worth from ₹21,707.36 crore last year to ₹26,889.85 crore in the quarter ending December 2022. Revenue for the quarter ended 30th September, 2022 and 31st December, 2022 includes an amount of ₹151 crore and ₹439 crore relating to earlier quarters respectively," it added. In April 2022, Tata Power share price reached an unprecedented intraday peak of 298.05, driven by a severe power shortage in the country and the company's foray into renewable energy, appreciating over 20 in the first week of April 2022. Tata Power TATAPOWER share price forecast & targets for long-term is an uptrend, and nearest possible share price targets are 268, or even 298.05 The stock price is currently trading at 255.15 However, if the trend reverses from this point, then possible future share price targets could be 246, 229, 216, 205, 189, or even 182. "On 13th September 2022 and 3rd January, 2023, Central Electricity Regulatory Commission ("CERC") passed favourable orders to compensate adverse financial impact to the Company for power supplied under MoP directions and accordingly, the Company has recognized revenue based on these CERC orders. Get latest balance sheet, annual reports, quarterly results, and price chart. Accordingly, the Company has declared availability and supplied power as per the MoP directions from 6th May, 2022 to 31st December 2022 and recognized revenue based on the tariff notified by MoP," the statement said. Share Price Today: CLOSE 253.95, HIGH 256.4, LOW: 253.1. "On 5th May 2022, Ministry of Power ("MoP") issued directions under Section 11 of the Electricity Act, 2003 to all imported coal-based power plants including Mundra Power plant to operate and generate power to their full capacity. Note: These price targets of “TATA power” is only for reference purpose only, this prediction is only if there are positive market sentiments, and any uncertainties in the company or global market condition is not covered in this analysis.The company informed in a statement that after it recognized revenue based on the tariff notified by the Ministry of Power and orders of the Central Electricity Regulatory Commission (CERC). We have done a complete analysis of TATA power and have come up with its share price targets for upcoming years.
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