Tata Power firms up on subsidiary winning significant DCR order under JNNSM phase-2

Tata Power firms up on subsidiary winning significant DCR order under JNNSM phase-2

Sep 10,2014   10:11 Hrs IST

Tata Power Company is currently trading at Rs. 89.65, up by 1.15 points or 1.30 % from its previous closing of Rs. 88.50 on the BSE. The scrip opened at Rs. 88.30 and has touched a high and low of Rs. 89.70 and Rs. 88.00 respectively. So far 75752 shares were traded on the counter. The BSE group 'A' stock of face value Re. 1 has touched a 52 week high of Rs. 115.25 on 09-Jun-2014 and a 52 week low of Rs. 68.76 on 10-Sep-2013. Last one week high and low of the scrip stood at Rs. 90.65 and Rs. 87.35 respectively. The current market cap of the company is Rs. 23935.93 crore. The promoters holding in the company stood at 33.04 % while Institutions and Non-Institutions held 51.55 % and 15.24 % respectively. Tata Power’s 100% subsidiary - Tata Power Solar (TPS), one of the pioneering solar manufacturers in the world, has won a significant DCR order under JNNSM phase-2 batch-1. The company will supply the entire module requirement for the 10 MW project to be built by Palimarwar Solar Project in Rajasthan. The said project belongs to the L N BANGUR Group and is held under its renewable energy arm, LNB Renewable Energy. The 45,000 modules needed for the project will be manufactured at TPS’ state-of-the-art manufacturing facility in Bangalore. 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.