Tata POWER

Pros

1. Dividend Growth:
06 85.00
05 75.00
04 70.00
03 65.00
02 50.00

2. Earnings Growth:
06 29.66
05 26.80
04 25.72
03 26.27
02 25.68

3. Consistent Reduction is administration and other expenses

4. Cash and other cash items
06 990.55+18.06 secured loans 946
05 979.60 +12.87 secured loans 1059.07
04 51.90
03 126.41
02 307.01

5. Rise in Book Value
06 990.55
05 979.60
04 51.90
03 126.41
02 307.01

6. Dividend History
1994
25%
1995
28%
1996
30%
1997
35%
1998
35%
1999
37%
2000
37%
2001
42%
2002
50%
2003
65%
2004
70%
2005
75%
2006
85%

Cons
1. The cash position is only just sufficient to meet the secured loans. The cash position will have to improve further.

Nov 27, 2006
Tata Power Company advances following Q2 results
As many as 1.51 lakh shares were traded in the counter on BSE.
The stock witnessed a steady rally since late-October. From Rs 528.15 on 26 October, it rose steadily to Rs 576.50 by 24 November 2006, as buying continued.
Tata Power Company posted 60.99% rise in net profit to Rs 202.32 crore for the Q2 September 2006 as compared to Rs 125.67 crore for Q2 September 2005. Total income increased to Rs 1279.17 crore (Rs 1097.21 crore).
On 23 November, Tata Power signed a joint venture agreement with Tata Steel for captive power plants in Chattisgarh, Orissa & Jharkhand. This joint venture aims to meet the power and steam requirements, to facilitate expansion of Tata Steel in the three states. Tata Power will hold 74% equity in the venture, with Tata Steel holding 26%. Under this agreement, Tata Steel will consume power generated from these power plants, meeting the requirements of captive plant norms stipulated by the Government of India’s captive power plant policy.
Tata Power had recently formed an EPC (engineer-procure-construct) consortium with Siemens Power Generation, Germany and Doosan Heavy Industries & Construction, South Korea, for the design and construction of power plants based on super critical technology.
Source: Capital Market