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17-May2017

Tata power trades high on the bourses

Tata Power Company is currently trading at Rs. 84.10, up by 0.25 points or 0.30% from its previous closing of Rs. 83.85 on the BSE.

The scrip opened at Rs. 84.70 and has touched a high and low of Rs. 84.80 and Rs. 83.70 respectively. So far 234489 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 91.25 on 03-Apr-2017 and a 52 week low of Rs. 67.10 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 85.90 and Rs. 81.50 respectively. The current market cap of the company is Rs. 22801.24 crore.

The promoters holding in the company stood at 33.02%, while institutions and non-institutions held 50.67% and 16.18% respectively.

Tata Power Solar Systems, 100% subsidiary of Tata Power, and Dell International Services India have jointly build India's largest vertical solar farm of 120 kw. The first-of-its-kind, 45-metre structure built on Dell's Bengaluru campus provides the dual benefit of producing sustainable green energy and insulation of the building, thus helping reduce power consumption.

For Tata Power Solar, the project is a foray into vertical solar structures that have potential to transform urban energy management, utilising a fraction of the real estate in cities, which comes at a premium.

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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