Tata Power Company is currently trading at Rs. 90.05, up by 1.50 points or 1.69% from its previous closing of Rs. 88.55 on the BSE.
The scrip opened at Rs. 89.00 and has touched a high and low of Rs. 90.10 and Rs. 88.50 respectively. So far 16,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 141.30 on 06-Jan-2011 and a 52 week low of Rs. 80.65 on 20-Dec-2011.
Last one week high and low of the scrip stood at Rs. 90.80 and Rs. 81.90 respectively. The current market cap of the company is Rs. 21,369.00 crore.
The promoters holding in the company stood at 31.80% while Institutions and Non-Institutions held 48.62% and 16.26% respectively.
Tata Power, India's largest integrated private power company has secured the finance for its Rs 365 crore solar photovoltaic power project at Mithapur in Gujarat. Tata Power Renewable Energy, the company's subsidiary has secured the entire debt requirement for the project through a consortium of domestic lenders, namely State Bank of India and Export Import Bank of India. SBI Capital Markets acted as sole financial advisor and arranger for the deal.
For availing interim disbursement under the financing agreements, the company completed pre disbursement conditions and on December 08, it received the disbursement of first loan.
The 25-MW project is being funded through a debt equity mix of 70:30 whereby the project financing comprises of equity of Rs 110 crore and rupee term loans of Rs 255 crore. This plant which would be ready by end-December 2011 was bagged under the Gujarat state's solar power policy 2009. The company has signed a power purchase agreement for the project with Gujarat state distribution company.
| Company Name | CMP |
|---|---|
| NTPC | 356.10 |
| Tata Power | 408.45 |
| Power Grid Corp | 325.80 |
| Adani Power | 476.15 |
| Torrent Power | 1583.00 |
| View more.. | |
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