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22-Mar2019

Tata Power trades higher on the BSE

Tata Power Company is currently trading at Rs. 73.25, up by 1.25 points or 1.74% from its previous closing of Rs. 72.00 on the BSE.

The scrip opened at Rs. 72.05 and has touched a high and low of Rs. 73.75 and Rs. 72.05 respectively. So far 170871 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. 74.75 and Rs. 71.75 respectively. The current market cap of the company is Rs. 19744.85 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 Strategic Engineering Division (Tata Power SED), a unit of Tata Power, has signed an important deal with the Ministry of Defence, Government of India, to supply 23 ship-borne 3D Air Surveillance Radars to the Indian Navy over the next 10 years.

The contract, estimated value is about Rs 1200 crore, was signed under the Buy & Make (India) category of the Defence Procurement Procedure (DPP) 2013 that will be offering the Indian Navy a proven solution, with a production arrangement in India under Transfer of Technology (ToT) and thereby furthering substantive self-reliance for India's defence requirements. The contract will be executed by Tata Power SED as the prime contractor with foreign OEM (Original Equipment Manufacturer) partner Indra Sistemas, Spain.

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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