Tata Power Company is currently trading at Rs. 98.85, down by 0.60 points or 0.60% from its previous closing of Rs. 99.45 on the BSE.
The scrip opened at Rs. 99.00 and has touched a high and low of Rs. 99.45 and Rs. 98.10 respectively. So far 56829 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 on 21-Feb-2012 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. 100.65 and Rs. 96.30 respectively. The current market cap of the company is Rs. 23362.90 crore.
The promoters holding in the company stood at 31.75% while Institutions and Non-Institutions held 48.62% and 16.41% respectively.
Tata Power Company’s aggressive expansion in Mumbai received a setback from Maharashtra's power regulator the Maharashtra Electricity Regulatory Commission (MERC). The power regulator has ordered that for the next one year, large electricity consumers such as commercial establishments and industries cannot switch from one distribution company to another.
MERC also directed Tata Power, not to cherry-pick consumers of Reliance Infrastructure (distribution) under the switchover process, as it has took away almost 260,000 customers of Reliance Infrastructure in the past two years, luring them with lower tariff.
Reliance Infrastructure had to charge a higher tariff to subsidise 22 lakh low-end consumers who were billed Rs 3-6 per unit, where as Tata Power, which started retail distribution in Mumbai only two years ago, does not have this burden. Considering Reliance Infrastructure’s petition, MERC ruled that only residential consumers using up to 300 units of power can switch distribution companies.
| Company Name | CMP |
|---|---|
| NTPC | 365.70 |
| Tata Power | 413.55 |
| Power Grid Corp | 337.00 |
| Adani Power | 460.75 |
| Torrent Power | 1517.70 |
| View more.. | |
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