Tuesday, 23 July 2013

Tata Power surges as its arm plan to set up 28.8 MW photovoltaic-based solar project in Maharashtra

Tata Power is currently trading at Rs. 93.60, up by 1.20 points or 1.30% from its previous closing of Rs. 92.40 on the BSE.

The scrip opened at Rs. 92.50 and has touched a high and low of Rs. 93.75 and Rs. 92.30 respectively. So far 1, 15,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 113.20 on 05-Dec-2012 and a 52 week low of Rs. 77.25 on 13-Jun-2013.

Last one week high and low of the scrip stood at Rs. 93.40 and Rs. 87.00 respectively. The current market cap of the company is Rs. 22,211 crore.

The promoters holding in the company stood at 32.47% while Institutions and Non-Institutions held 48.22% and 16.08% respectively.

Country’s largest private electricity producer Tata Power’s wholly-owned subsidiary Tata Power Renewable Energy (TPREL) is in process of setting up 28.8 MW photovoltaic-based solar project in Satara district of Maharashtra. The company has an installed solar power generation capacity of more than 30 MW, including 25 MW project at Mithapur, Gujarat, and a 3 MW plant at Mulshi, Maharashtra and it aims to add 50 MW solar power capacity every year.

Currently, four of its renewable projects are registered under the Clean Development Mechanism (CDM) programme of the United Nations Framework Convention on Climate Change.

About Tata Power :
Tata Power is India's largest integrated power company with a significant international presence. The Company has an installed generation capacity of 8521 MW in India and a presence in all the segments of the power sector viz. Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.

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