Motilal Oswal Recommends Buy on Tata Power, Sets Rs 500 Target

• Motilal Oswal recommends "Buy" for Tata Power with a target price of INR 500/share.
• Tata Power aims to double its EBITDA to INR 300 billion by FY30.
• The company is in advanced discussions for a new SPPA mechanism for the Mundra plant, targeting power scheduling from Jan'26.
• Tata Power prioritizes captive generation projects, targeting 2-2.5 GW annually from FY27 onwards.
• Total installed capacity target for FY30 reduced to 30 GW (from 33 GW), with renewables contributing 20 GW (from 23 GW).

Why It Matters: Motilal Oswal's buy recommendation for Tata Power could guide your investments.