Tata Power shines on expanding network capacity in Ambujwadi, Mumba

Tata Power is currently trading at Rs. 101.55, up by 2.90 points or 2.94% from its previous closing of Rs. 98.65 on the BSE. The scrip opened at Rs. 98.50 and has touched a high and low of Rs. 102.10 and Rs. 96.75 respectively. So far 7,37,000 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 109.45 on 26-May-2014 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. 109.45 and Rs. 95.75 respectively. The current market cap of the company is Rs. 27,438.00 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 has successfully expanded its distribution network and developed infrastructure to provide power supply to more than 5,000 consumers in Ambujwadi, Malad. Ambujwadi is located in the western suburbs of Mumbai, very close to the Malwani area in Malad (West) and came into existence post 2006. The region is predominantly a slum area located over a span of land and is inhabited mostly by workers that include construction labours, hawkers, domestic workers etc. Since its inception the area was devoid of electricity supply primarily due to the unavailability of free land for installation of Sub Station. Tata Power has also rolled out various services at the door steps of the consumers in Ambujwadi. For the convenience of the consumers, the Company organised mobile cash collection van for the bill payment. Tata Power representatives also provided guidance and application collection drive for the consumers at Ambujwadi. To increase safety awareness amongst the residents, Tata Power recently organised a special skit which emphasised on various safety and precautionary measures while using electrical appliance. More than 200 Ambujwadi residents participated in the Safety Day celebration. 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.