Tata Power spurts on JV’s PV modules passing PID test

Tata Power Company is currently trading at Rs. 91.55, up by 4.20 points or 4.81% from its previous closing of Rs. 87.35 on the BSE. The scrip opened at Rs. 90.00 and has touched a high and low of Rs. 92.00 and Rs. 88.35 respectively. So far 371194 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. 88.60 and Rs. 77.00 respectively. The current market cap of the company is Rs. 24720.27 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’s JV - Tata Power Solar’s crystalline PV modules have successfully passed the potential induced degradation (PID) test conducted by Underwriters Laboratories (UL), a premier global independent safety science company. UL, the world leader in product safety testing and certification, subjected Tata Power Solar’s PV modules to some of the harshest PID-test conditions in the industry. 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.