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Indian-Commodity  :  Equity & Shares  :  Tata Power trades higher on the bourses

Tata Power trades higher on the bourses (15-Feb-2013)

Tata Power is currently trading at Rs. 95.90, up by 0.90 points or 0.95% from its previous closing of Rs. 95.00 on the BSE.

The scrip opened at Rs. 95.00 and has touched a high and low of Rs. 96.30 and Rs. 94.15 respectively. So far 65,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 121.50 and a 52 week low of Rs. 83.00. The current market cap of the company is Rs. 22,757.00 crore.

The promoters holding in the company stood at 31.75% while Institutions and Non-Institutions held 48.92% and 16.10% respectively.

Tata Power, country's largest private power utility is aiming overseas opportunities in Africa and West Asia for its distribution business. It is in discussion with a leading developer for providing transmission and distribution solutions in many other African and Sub-Saharan African nations.

The entity has already entered into Nigeria for providing technical services for Benin Distribution Company. The bid was won by its distribution arm Tata Power Delhi Distribution (TPDDL). The company has also signed an agreement for offering transmission and distribution solutions for an upcoming township in Kenya.


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