Tata Power Company trades in green on BSE

Tata Power Company is currently trading at Rs. 86.35, up by 1.60 points or 1.89% from its previous closing of Rs. 84.75 on the BSE. The scrip opened at Rs. 85.50 and has touched a high and low of Rs. 86.80 and Rs. 85.25 respectively. So far 265176 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 91.82 on 24-Jul-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. 86.00 and Rs. 75.85 respectively. The current market cap of the company is Rs. 23313.87 crore. The promoters holding in the company stood at 33.04% while Institutions and Non-Institutions held 48.22% and 18.57% respectively. Tata Power Company, India’s largest integrated power company, has increased its consumer base to five lakh consumers in April 2014. The company is the fastest growing power utility in the city of Mumbai and has empowered Mumbaikars with the ‘right to choose’ their preferred power supplier. The company is growing at a rapid pace with the significant addition of five lakh consumers in just four years. The highlight of this milestone was the last leg addition of two lakh consumers, consuming electricity below 300 units. Tata Power’s consumers below 300 units account for almost 65 percent of its total consumers in the city. The consumers below the 300 units category also enjoy the lowest tariff in the city. Tata Power is undertaking steady network expansion within the city with a focus on 11 clusters post receiving directions from MERC on August 22, 2012. The company has faced various challenges in laying its network and has been successful in adding 695 km of cable network till March 2014. In addition to this, the company has added seven additional distribution sub stations (DSS) and 118 consumer sub stations (CSS), totaling to 24 DSS and 637 CSS.