Tata Power surges as its arm commissions India's first rooftop solar carport

28 Nov 2017 Evaluate

Tata Power Company is currently trading at Rs. 96.55, up by 1.30 points or 1.36% from its previous closing of Rs. 95.25 on the BSE.

The scrip opened at Rs. 95.85 and has touched a high and low of Rs. 96.90 and Rs. 95.25 respectively. So far 312395 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 96.90 on 28-Nov-2017 and a 52 week low of Rs. 70.00 on 28-Nov-2016.

Last one week high and low of the scrip stood at Rs. 96.90 and Rs. 90.35 respectively. The current market cap of the company is Rs. 26168.68 crore.

The promoters holding in the company stood at 33.02%, while Institutions and Non-Institutions held 50.76% and 16.10% respectively.

Tata Power’s wholly owned subsidiary -- Tata Power Solar Systems has commissioned an unprecedented rooftop project in India - a solar carport on the rooftop of the sprawling 70,000 sq. mtr. Unity One mall, a Unity Group endeavor in Rohini. The unique rooftop carport is estimated to set off 438 Tons of carbon emission annually. Tata Power Solar won the bid in the open tender process fielded by Delhi Metro Rail Corporation (DMRC) for multi-level car parking.

The project has been envisaged under net-metering scheme enabling self-reliance in the energy consumption and production cycle. It enables the mall to receive real value of the energy produced by earning on the unused and excess solar electricity produced. It also cuts down the need to install a second meter or an expensive battery storage system as it is directly connected to the local power grid.

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.

Tata Power Share Price

445.20 5.15 (1.17%)
01-Nov-2024 18:59 View Price Chart
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Tata Power 445.20
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