Tata Power rises on commencing India’s first Natural Ester filled distribution transformer in Mumbai

Tata Power Company is currently trading at Rs 108.45, up by 2.60 points or 2.46% from its previous closing of Rs 105.85 on the BSE. The scrip opened at Rs 105.50 and has touched a high and low of Rs 108.95 and Rs. 103.20 respectively. So far 1546872 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 107.10 and Rs 100.10 respectively. The current market cap of the company is Rs 28709.60 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, India’s largest integrated company, has commissioned India’s first Natural Ester filled distribution transformer in Mumbai. The company has introduced Natural Ester filled distribution transformers across the Mumbai distribution area. The objective of introducing these green and fire safe installations is to ensure safe and sustainable distribution of electricity. A pioneer in providing reliable and uninterrupted power to the city of Mumbai, Tata Power caters to over 500,000 residential, commercial and industrial customers. The company is committed to implementing innovative technology in its day to day operations and has taken a significant step with the introduction of Natural Ester filled distribution transformers. The Natural Esters fluids have a high fire point (350 degree Celsius) and eliminate any risk of pool fires in the electrical installation as they are self-extinguishing. In comparison to the conventional mineral oil filled distribution transformers, this fluid provides improved fire safety for the densely populated areas within Tata Power’s service area. The fluid is made from a carbon neutral renewable resource, is biodegradable, non-toxic and non-hazardous in soil and water.