TATA POWER LEADS CHARGING INFRASTRUCTURE AS FOREIGN INVESTMENTS SURGE

Electric Vehicles are set to revolutionise the Indian transport industry and simultaneously create a conducive Eco friendly industrial environment. The government has also given a major push to the EV manufacturing and charging infrastructure sector in the interim budget for FY25. Industry analysts expect the charging infrastructure sector to create demand for new warehousing storage , distribution and logistics facilities . Again the analysts expect EV charging companies to do quite well in India over the next decade or so and the first name in the list of top EV charging station manufacturers in India is none other than Tata Power. It is one of the most dominating companies in the electric vehicle charging station business with home based EV chargers to highquality fast EV chargers for public spaces, the company has covered it all. Tata Power has robust EV charging infrastructure facilities across the country having set up multiple charging stations across Indian cities, highways, and residential properties to offer increased accessibility and added convenience to EV owners.

Tata Motors is today the largest EV manufacturer and getting full support from Tata Power , its group company . From a portfolio perspective, Tata Power should be in every investor’s investment and can deliver double digit return year on year over the next decade or so . The Tata Power stock currently quoting at Rs 392 on the bourses can be bought for long term portfolio gains .

India is in a sweet spot from the Foreign Private Equity companies point of view with them betting on India being an integral part of their global investment platform .

There is no doubt that india has become attractive as an opportunity for global investment due to stable government policies , demographics , talented workforce and higher GDP growth of over 7% making it the fastest major growing economy in the world . Top PE firms of the world are visiting India with their top management in tow and looking at the wide array of investment opportunities available in the country . The inclusion of Indian government securities in the JP Morgan global bond index is a very positive sign for international investors and also possible huge foreign inflows in our country . On the other hand , the Equity markets may also get a leg up in the current year due to a possible favourable outcome through a slight change in the EPFO investment pattern . There are 65 million subscribers in the Employees Provident Fund Organisation or EPFO wherein 90% is invested in debt securities and balance in equity related Exchange Traded Funds or ETFS . Currently , the redemption of ETFS takes place after 4 years and the capital gain realised arising out of the redemption is treated as income and distributed to the subscribers. The CBT authorities are considering a proposal whereby the ETF redemption period could be extended from 4 years to 7 years plus deploying 50% of the redemption proceeds back into equity .

Media has been rife with reports but not confirmed at all that CBT has sent this proposal for approval for its scheduled meeting to be probably held on 10 Feb 2024 . The proposal if cleared , can definitely spur the Indian equity markets on a long term basis . Few of the information has been collected from various media reports and should be first verified and Investors should check the fundamental basis of any stock and do their own proper due diligence before buying any share or security .