Company has taken major expansion on basis of debt. The total debt has increased from Rs. 6,906 Cr in FY22 to Rs. 23,884 Cr in Q2 FY25.
Earlier the company used to be small and beautiful with good valuation and dividend.
Now both points are quite away; not sure if anything is there for investor now.
Good for country as power is needed and since its a PSU it will take this kind of measures.
I have my own doubts as investor.