Tata Power is currently trading at Rs. 110.30, up by 1.55 points or 1.43 % from its previous closing of Rs. 108.75 on the BSE.
The scrip opened at Rs. 110.25 and has touched a high and low of Rs. 110.60 and Rs. 119.90 respectively. So far 99,000 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 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. 113.20 and Rs. 105.70 respectively. The current market cap of the company is Rs. 26,174.00 crore.
The promoters holding in the company stood at 31.75% while Institutions and Non-Institutions held 48.52% and 16.51% respectively.
Tata Power, India’s largest integrated power company has executed the distribution franchisee agreement (DFA) with Jharkhand State Electricity Board (JSEB) for the distribution franchise of Jamshedpur circle. The company has executed the agreement pursuant to winning the bid for distribution franchisee of Jamshedpur Circle and has formed a special purpose company (SPC) ‘TP Power Distribution’ for the same.
The distribution franchise awarded to Tata Power will be for a period of 15 years. The SPC - TP Power Distribution will be responsible for operating and maintaining the distribution network in the Jamshedpur circle, which includes Jamshedpur, Adityapur, Ghatsila and Baharagora areas. The SPC will also be managing the billing and collections. The team of Tata Power is also looking forward to work closely with all employees of JSEB, who will facilitate serving customers with efficiency and superior customer care.
Tata Power has got a vast experience in distribution in both Mumbai as well as Delhi and has been a benchmark performer in Delhi since last 10 years. The losses in Delhi have been brought down by Tata Power from a high of 53% in 2002 to approximately 11% in March 2012. At Jamshedpur also, similar strategy is being worked out where Tata Power will work on all the areas far overall improvement in distribution system, by adapting to its culture of transparency and customer orientation quickly. Tata Power and JSEB will now start the joint audit of the existing T&D losses by an Independent Auditor.
| 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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