Saw the current situation of Tata Power and Adani Green. On one hand there is a 100 years old company and on the other hand a company with a market cap of 2 lakh crores. On the other hand, talking about Mukesh Ambani, he has always been known to do something big.
Ambani Adani And Tata
Mukesh Ambani, the chairman of the country’s largest company Reliance Industries, wants to spread his feet in a new business after creating panic in oil and telecom. He announced this at the 44th AGM of Reliance Industries. Yes, we are talking about the solar sector which is already occupied by big groups like Tata and Adani. So will now Reliance’s reign in this sector as well? Will Mukesh Ambani be able to defeat these two giants with the entire investment of 75000 crores.
In fact, Reliance Industries has announced in its AGM that the company will invest Rs 75,000 crore in this sector in the next three years. It is inevitable that with such a huge investment and big planning, competition will increase for the old players of this sector. Along with this, people will also get opportunities for new jobs in the country through this sector.
How big is Tata’s business
Tata Power and Adani Green are the two current legends of this field. Tata Power currently produces 1705 MW of solar power. Tata Power Solar Systems, a subsidiary of Tata Power, recently announced the expansion of its factory in Bangalore, which will take the total production capacity of cells and modules to 1,100. Actually Tata Power is more than 100 years old company in this sector. While talking about its revenue, even after Corona, the company has generated a hefty revenue of 32,907 crores. Apart from India, the company is also active in Singapore, Indonesia, South Africa and Bhutan.
What is the condition of Adani Green
Talking about Adani Green, it is only 6 years old company but in a very short time this company of Gautam Adani has done many big things in this sector, it is working on many big projects in the coming years. Adani Green currently has a capacity to produce 3023 MW of solar units and is engaged in construction of 8,150 MW capacity factories. The share of Adani Green has reached Rs 1158 in just 5 years. Its stock has given returns of more than 965 per cent to investors in just 9 months. At the same time, in the month of March, the market cap of the company had crossed 2 lakh crores. Adani Green Energy Limited is a major company in the renewable energy sector of the country. Adani Green Energy has tied up with Toronto-headquartered SkyPower Global for the acquisition of Special Purpose Vehicles. It has operational solar assets of 50 MW in Telangana.
Will Mukesh Ambani be able to compete?
Now you have seen the current situation of Tata Power and Adani Green. On one hand there is a 100 years old company and on the other hand a company with a market cap of 2 lakh crores. On the other hand, talking about Mukesh Ambani, he has always been known to do something big, so now after telecom, retail, the competition in this sector will also be worth seeing because Ambani’s history is that he is completely on the sector he goes to. gets captured. Jio is an example of this.
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