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15-Feb2019

Tata Power surges on the bourses

Tata Power Company is currently trading at Rs. 68.65, up by 1.05 points or 1.55% from its previous closing of Rs. 67.60 on the BSE.

The scrip opened at Rs. 68.80 and has touched a high and low of Rs. 69.00 and Rs. 66.55 respectively. So far 172397 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 89.50 on 02-May-2018 and a 52 week low of Rs. 59.90 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 69.00 and Rs. 64.55 respectively. The current market cap of the company is Rs. 18203.13 crore.

The promoters holding in the company stood at 33.00%, while Institutions and Non-Institutions held 51.85% and 15.08% respectively.

Tata Power Company's wholly-owned subsidiary -- Tata Power Solar has launched a complete residential rooftop solution in Hyderabad. The residential rooftop solutions are expected to save up to Rs 50,000 annually for 25 years. Tata Power Solar expertise on developing strong consumer relationship by providing quality products, world class customized solutions and extensive service support has helped in exceeding customer satisfaction.

A votary of reducing carbon footprint, Tata Power Solar's residential rooftop solution decreases use of diesel generators, hence leading to more fuel savings. Apart from this, the consumers can avail a chance to earn from their idle rooftop space. To further, ease the beneficiaries' expenses, the proposition comes with government subsidy.

Tata Power Company 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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