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

Mindtree rises on crossing $1 billion in annual revenue

Mindtree is currently trading at Rs. 983.85, up by 11.70 points or 1.20% from its previous closing of Rs. 972.15 on the BSE.The scrip opened at Rs. 977.00 and has touched a high and low of Rs. 986.45 and......

INDSIL Hydro Power trades in green on the bourses

Indsil Hydro Power and Manganese is currently trading at Rs. 60.00, up by 0.35 points or 0.59% from its previous closing of Rs. 59.65 on the BSE.The scrip opened at Rs. 60.40 and has touched a high and......

SpiceJet flies high on the bourses

Spicejet is currently trading at Rs. 142.10, up by 9.40 points or 7.08 % from its previous closing of Rs. 132.70 on the BSE.The scrip opened at Rs. 144.00 and has touched a high and low of Rs. 152.60 and......

Top News

View all news

Quess Corp, Ashoka Buildcon and ICICI Bank to see some action today

Quess Corp's subsidiary Conneqt Business Solutions has signed definitive agreements to acquire a majority stake in Allsec Technologies. The transaction involves Conneqt purchasing 35.35% from the promoters,......

Quess Corp's arm to acquire majority stake in Allsec Technologies

Quess Corp's subsidiary -- Conneqt Business Solutions has signed definitive agreements to acquire a majority stake in Allsec Technologies. The transaction involves Conneqt purchasing 35.35% from the promoters,......

Ashoka Buildcon's JV receives LoA from Rail Vikas Nigam

Ashoka Buildcon's Joint Venture (JV) -- ABL-STS JV, wherein the Company is lead member, has received a Letter of Award (LoA) from Rail Vikas Nigam (RVNL). The accepted Bid Value of the Project is Rs 443.23......