Tata Power strengthens on plan to increase generation capacity to 646.7 MW from green energy sources

Tata Power Company is currently trading at Rs 82.80, up by 1.25 points or 1.53% from its previous closing of Rs. 81.55 on the BSE. The scrip opened at Rs 82.00 and has touched a high and low of Rs 83.05 and Rs 81.55 respectively. So far 162610 shares were traded on the counter. The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 93.61 on 17-Apr-2013 and a 52 week low of Rs 65.86 on 06-Aug-2013. Last one week high and low of the scrip stood at Rs. 87.85 and Rs. 81.10 respectively. The current market cap of the company is Rs. 22386.38 crore. The promoters holding in the company stood at 32.47% while Institutions and Non-Institutions held 48.24% and 19.10% respectively. Tata Power, one of India’s largest integrated power companies, is planning to increase generation capacity to 646.7 MW from green energy sources by executing projects which are in advance stages. The company has a gross installed capacity of 912 MW from clean energy sources of which 447 MW comes from hydropower, and 465 MW comes from renewable sources of energy, namely, wind and solar power. The company’s clean energy projects comprise of hydro power projects in Maharashtra with gross installed capacity of 447MW; wind farms in Maharashtra, Gujarat, Karnataka, Tamil Nadu and Rajasthan, with gross installed capacity of 437MW and solar projects in Maharashtra, Gujarat and Delhi, with gross installed capacity of 28MW. 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.