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19-Aug2016

Tata Power surges as its JV commences commercial operations for its 95 MW TCWF

Tata Power Company is currently trading at Rs. 77.65, up by 0.75 points or 0.98% from its previous closing of Rs. 76.90 on the BSE.

The scrip opened at Rs. 77.60 and has touched a high and low of Rs. 78.45 and Rs. 76.70 respectively. So far 221740 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 78.45 on 18-Aug-2016 and a 52 week low of Rs. 55.00 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 78.45 and Rs. 73.75 respectively. The current market cap of the company is Rs. 21055.54 crore.

The promoters holding in the company stood at 33.02%, while institutions and non-institutions held 50.66% and 16.18% respectively.

Tata Power's 50:50 joint ventures with Exxaro Resources in South Africa, Cennergi, has commenced Commercial Operations for its 95 MW Tsitsikamma Community Wind farm (TCWF) Project yesterday. The wind farm comprises of 31 numbers V 112, 3.075 MW Vestas make turbines.

Cennergi was selected as the preferred bidder for two wind projects under the second window of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) by the South African government.

With the commissioning of the Tsitsikamma project, Cennergi's operational portfolio has increased to 229 MW as it had achieved commercial operations of its 134 MW Amakhala Emoyeni Wind project recently last month on 28th July 2016.

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 an installed gross generation capacity of 9184 MW and a presence in all the segments of the power sector.


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