Tata Power: Motilal Oswal projects 31% upside on ambitious FY30 targets

• Motilal Oswal projects 31% upside for Tata Power, setting a 'Buy' rating and ₹500 price target.
• Tata Power aims to double EBITDA to ₹30,000 crore and PAT to ₹10,000 crore by FY30.
• Company in advanced talks for a new power purchase agreement for Mundra plant, expected by January 2026.
• Tata Power targets 30 GW total installed capacity by 2030, with 20 GW from renewable energy.
• Motilal Oswal noted a 13% downward revision in Tata Power's FY30 renewable capacity target to 20 GW.

Why It Matters: Tata Power's ambitious growth targets signal potential investment gains.