Tata Power is currently trading at Rs. 440.85, up by 0.20 points or 0.05% from its previous closing of Rs. 440.65 on the BSE.
The scrip opened at Rs. 442.50 and has touched a high and low of Rs. 450.50 and Rs. 440.15 respectively. So far 475274 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 470.85 on 02-Aug-2024 and a 52 week low of Rs. 230.75 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 451.60 and Rs. 438.00 respectively. The current market cap of the company is Rs. 143039.37 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 Company’s subsidiary -- Tata Power Renewable Energy (TPREL) has successfully secured a Letter of Award (LoA) from the Maharashtra State Electricity Distribution Company (MSEDCL), a wholly owned entity under the Maharashtra Government, for the development of a 400 MW Wind-Solar Hybrid project in Maharashtra.
The LoA includes an original contracted capacity of 200 MW, along with a greenshoe option for an additional contracted capacity of 200 MW, making this the largest renewable energy project in state of Maharashtra till date for TPREL. The project is part of MSEDCL's broader initiative to meet the state's Renewable Purchase Obligation (RPO) and address future power demands at competitive tariff. The LoA was issued through a competitive bidding process conducted via an electronically based reverse auction portal.
TPREL's competitive edge and expertise in delivering large-scale renewable projects played a pivotal role in securing this contract. The project is expected to be completed within 24 months from signing of the Power Purchase Agreement (PPA) between TPREL and MSEDCL and will play a crucial role in cutting carbon emissions, with an estimated reduction of 895 million kilograms of CO2 annually.
Tata Power Company is India’s largest integrated power company.
| Company Name | CMP |
|---|---|
| NTPC | 339.10 |
| Tata Power | 413.35 |
| Power Grid Corp | 322.95 |
| Adani Power | 511.20 |
| Torrent Power | 1616.10 |
| View more.. | |
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