Breaking News

You are here » Indian-Commodity  :  Equity & Shares  :  Tata Power surges as its arm commissions India's first rooftop solar carport

28-Nov2017

Tata Power surges as its arm commissions India's first rooftop solar carport

Tata Power Company is currently trading at Rs. 96.55, up by 1.30 points or 1.36% from its previous closing of Rs. 95.25 on the BSE.

The scrip opened at Rs. 95.85 and has touched a high and low of Rs. 96.90 and Rs. 95.25 respectively. So far 312395 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 96.90 on 28-Nov-2017 and a 52 week low of Rs. 70.00 on 28-Nov-2016.

Last one week high and low of the scrip stood at Rs. 96.90 and Rs. 90.35 respectively. The current market cap of the company is Rs. 26168.68 crore.

The promoters holding in the company stood at 33.02%, while Institutions and Non-Institutions held 50.76% and 16.10% respectively.

Tata Power's wholly owned subsidiary -- Tata Power Solar Systems has commissioned an unprecedented rooftop project in India - a solar carport on the rooftop of the sprawling 70,000 sq. mtr. Unity One mall, a Unity Group endeavor in Rohini. The unique rooftop carport is estimated to set off 438 Tons of carbon emission annually. Tata Power Solar won the bid in the open tender process fielded by Delhi Metro Rail Corporation (DMRC) for multi-level car parking.

The project has been envisaged under net-metering scheme enabling self-reliance in the energy consumption and production cycle. It enables the mall to receive real value of the energy produced by earning on the unused and excess solar electricity produced. It also cuts down the need to install a second meter or an expensive battery storage system as it is directly connected to the local power grid.

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.


Related News

View all news

United Bank of India shines on getting nod to raise Rs 1,500 crore by various means

United Bank of India is currently trading at Rs. 11.05, up by 0.50 points or 4.74% from its previous closing of Rs. 10.55 on the BSE.The scrip opened at Rs. 10.85 and has touched a high and low of Rs.......

Pondy Oxides & Chemicals gains on planning to merge Meloy Metals with itself

Pondy Oxides & Chemicals is currently trading at Rs. 319.80, up by 1.85 points or 0.58% from its previous closing of Rs. 317.95 on the BSE.The scrip opened at Rs. 317.80 and has touched a high......

Venky's slips on reporting 41.52% fall in Q4 net profit

Venky's  (India) is currently trading at Rs. 1766.00, down by 56.15 points or 3.08% from its previous closing of Rs. 1822.15 on the BSE.The scrip opened at Rs. 1817.00 and has touched a high and......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......