Gujarat cabinet ne finally Supplemental Power Purchase Agreement (SPPA) ko approve kar diya hai. Isse Tata Power ka 4,000 MW wala Mundra coal plant agle hafte se phir se chalne lagega. India mein garmi mein record 270 GW tak ki peak power demand anticipate ki ja rahi hai, isliye ye bahut zaroori hai.
Plant band tha kyunki imported coal ke prices bohot zyada ho gaye the, jisse company ko financial problem ho rahi thi. Ab Gujarat Urja Vikas Nigam Ltd (GUVNL) aur Tata Power ke beech naya SPPA hua hai jo commercial terms ko adjust karega taaki plant smoothly chal sake aur Gujarat ko consistent power supply mile.
Pehle yeh plant band rehne se Tata Power ko lagbhag ₹800 Crore ka loss hua tha. Market ka reaction zyada tez nahi tha, TATAPOWER share price ₹398.50 ke aas paas raha March 19, 2026 ko.
India summer mein 270 GW tak ki peak demand expect kar raha hai. Gujarat khud 27,000 MW demand anticipate kar raha hai. Isliye ye plant chalu hona important hai. Central government ne bhi Section 11 ke through aise plants ko operate karne ko kaha hai.
Valuation ki baat karein toh Tata Power ka TTM P/E ratio 31.6-33.7 hai, jo Adani Power ke 22.5-25.78 se thoda upar hai. Market cap ₹1.20tn se ₹1.28tn ke beech hai. Analysts ka average 12-month target ₹458.33 hai.
Previously, imported coal prices ne is plant ko kaafi pareshan kiya tha aur CERC ne bhi pehle ismein intervene kiya tha. Ab bhi ye risk bana hua hai, lekin naye contract se stability ki ummeed hai. Environmental aur social concerns bhi is plant ke saath judey hue hain.