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Tata Power inches up on the bourses

Tata Power Company is currently trading at Rs. 80.00, up by 0.70 points or 0.88% from its previous closing of Rs. 79.30 on the BSE.

The scrip opened at Rs. 78.75 and has touched a high and low of Rs. 80.30 and Rs. 78.75 respectively. So far 50888 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 101.75 on 05-Jan-2018 and a 52 week low of Rs. 75.90 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs. 81.50 and Rs. 78.80 respectively. The current market cap of the company is Rs. 21665.24 crore.

The promoters holding in the company stood at 33.02%, while Institutions and Non-Institutions held 51.72% and 15.14% respectively.

Tata Power's TPDDL, the power utility that supplies electricity in North and North West Delhi, expects peak demand to touch 2000 MW in summers. TPDDL has made adequate power arrangements of up to 2000 MW (along with contingency planning) through long-term tie-ups and power banking arrangements. Tata Power Delhi Distribution (TPDDL) is a joint venture (JV) of Tata Power and the Government of Delhi.

To ensure uninterrupted power supply during summers, TPDDL had exported power up to 300 MW to the states of Jammu & Kashmir, Himachal Pradesh, Madhya Pradesh and Andhra Pradesh during winter of 2017-18 under banking arrangements. The same power shall now be returned by these states to TPDDL in the summer month of 2018.

Furthermore, it has also added 18 high tension feeder (11KV) comprising 139.7 km network in its distribution network. In low tension lines, an addition of 1,350 LT feeders has been made to further add 262 km network. The transformation capacity has also seen an addition of 112 MVA and 221 ring main unit (RMUs) for better power reliability.

Tata Power is India's largest integrated power company with a growing international presence. The company together with its subsidiaries and jointly controlled entities has presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.

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