Reliance Power investors

Reliance Power at end of each year till 2016 will be:
2008: 0 MW.
2009: 0 MW.
2010: 1500 MW.
2011: 5500 MW.
2012: 5500 MW.
2013: 16980 MW.
2014: 22040 MW.
2015: 23040 MW.
2016: 28200 MW.
NTPC and Tata Power
NTPC has current capacity of 28000 MW and has target to achieve 66000 MW by 2017.
Tata Power has current capacity of 2300 MW.It will be adding 10000 MW of capacity more by 2012.
The interesting thing is at current price of Rs 1457, Tata Power is valued at just Rs 30000 crore. Remove Rs 10000 crore of investments and you can have it only for Rs 20000 crore.
Financials:
With 2300 MW capacity, Tata Power made standalone profit of Rs 700 crore in FY 2007.
With 28000 MW capacity, NTPC made standalone profit of Rs 6900 crore in FY 2007.
With 28200 capacity,
assume Reliance Power makes Rs 15000 crore of net profit in 2016-2017. Power companies are considered as utilities and worldwide trade at 10-15 times their earnings.Lets assume 15 times ratio for Reliance Power in 2016.
What will be its market value?
15000 X 15 = Rs 225000 crore or Rs 995 per share.
and you know In if we are assume 10 times profite 2016 NTPC
200rs x 10 = 2000 Rs per share.
and may be TATA POWER has
1200rs x 4 = 4800 Rs per share.