Tata Power gains on making Karnataka EV ready with 220+ RFID enabled EV-charging points

Tata Power Company is currently trading at Rs. 433.35, up by 3.05 points or 0.71% from its previous closing of Rs. 430.30 on the BSE.

The scrip opened at Rs. 434.35 and has touched a high and low of Rs. 439.95 and Rs. 431.10 respectively. So far 495596 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 464.30 on 03-May-2024 and a 52 week low of Rs. 201.75 on 19-May-2023.

Last one week high and low of the scrip stood at Rs. 439.95 and Rs. 396.50 respectively. The current market cap of the company is Rs. 138581.88 crore.

The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 25.23% and 27.90% respectively.

With over 220 charging points across the state of Karnataka, Tata Power Company is expanding its EV charging network, also known as EZ Charge, contributing to Karnataka’s vision of embracing clean and efficient transportation. All charging points also have RFID card enabled transactions which have further made the charging experience seamless, ensuring that consumers can tap.charge.go without any hassle.

These chargers are conveniently located across major highways between Bengaluru, Mangaluru, Davangere, and Mysuru, and are offering sustainable solutions at popular tourist destinations like Chikmagalur and Coorg as well. Other important cities with a notable EZ Charge presence include Mangaluru, Mysuru, Hubli, Belgaum, Gulbarga, and Davangere. Chargers have also been deployed at prominent public locations like Taj, Park, Oberoi, Gokulam Hotels, Tata Croma, and Tanishq, ensuring seamless accessibility for electric vehicle users.

With an extensive network of over 150+ charging points strategically positioned in Bengaluru across key suburbs like Devanahalli and Electronic City, Tata Power is committed to minimizing charging distances across the capital city also. Tata Power has also collaborated with renowned builders and societies like Brigade Gardenia and Divyashree Elan Homes (RWA). This strategic approach extends to key commercial complexes, forming a comprehensive charging network in the state. Moreover, the company’s strategic collaborations with entities like Decathlon and Titan further strengthen its position in Karnataka's EV charging landscape.

In sync with Karnataka's forward-thinking approach to electric mobility, Tata Power is actively advancing to fulfill the state government's visionary objectives. By strategically placing charging points in key locations, Tata Power not only facilitates the growing EV adoption but also contributes significantly to Karnataka's position as one of the leaders in EV adoption in the country.

Tata Power Company is India’s largest integrated power company.