Tata Power gains as its arm partners with NDDB to solarize milk value chain

25 Jul 2024 Evaluate

Tata Power is currently trading at Rs. 423.40, up by 3.65 points or 0.87% from its previous closing of Rs. 419.75 on the BSE.

The scrip opened at Rs. 415.40 and has touched a high and low of Rs. 424.50 and Rs. 413.00 respectively. So far 194056 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. 217.15 on 26-Jul-2023.

Last one week high and low of the scrip stood at Rs. 430.00 and Rs. 400.00 respectively. The current market cap of the company is Rs. 135482.40 crore.

The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 25.32% and 27.80% respectively.

Tata Power’s wholly owned subsidiary -- TP Renewable Microgrid (TPRMG) has entered into a Memorandum of Understanding (MoU) with the National Dairy Development Board (NDDB), renowned for its transformative impact on India's rural economy through its cooperative dairy model. This collaboration aims to facilitate various initiatives to advance renewable energy technologies within the dairy value chain.

The Central to this collaboration is several key initiatives designed to enhance sustainability and operational efficiency within the milk value chain. This includes the solarization of Dairy Cooperative Societies (DCSs), Bulk Milk Coolers (BMCs), and Milk Chilling Centers, facilitated by cutting-edge solar microgrid technology.

A key highlight of this partnership is the ambitious plan to transform Mujkuva village in Anand district, Gujarat, into a Carbon Neutral Village through the collaborative efforts of NDDB and TP Renewable Microgrid. This endeavor targets to promote sustainability in rural economies and foster a greener future for the dairy industry.

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

Tata Power Share Price

401.25 -11.35 (-2.75%)
20-Dec-2024 16:59 View Price Chart
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