Tata Power rises on aiming to achieve generation capacity of 18,000 MW by 2022

Tata Power Company is currently trading at Rs. 89.15, up by 0.70 points or 0.79% from its previous closing of Rs. 88.45 on the BSE. The scrip opened at Rs. 88.45 and has touched a high and low of Rs. 89.45 and Rs. 88.35 respectively. So far 115034 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 115.25 on 09-Jun-2014 and a 52 week low of Rs. 68.95 on 30-Jan-2014. Last one week high and low of the scrip stood at Rs. 94.10 and Rs. 85.50 respectively. The current market cap of the company is Rs. 24125.26 crore. The promoters holding in the company stood at 33.04% while Institutions and Non-Institutions held 50.93% and 15.87% respectively. Tata Power, India’s largest integrated power company, is aiming to double its generation capacity to 18,000 mega watt (MW) by 2022 and continues to strive to achieve new heights and benchmarks through excellence in business performance. In line with its commitment towards clean and green energy, the company aims to have 20-25% of its project from renewable energy sources, which is with the vision of the new government to promote more of clean energy in India’s energy mix. The company generates power from different fuel sources -- thermal (coal, gas and oil), hydroelectric power, renewable energy (wind and solar Photo-Voltaic).  Recently, the company had generated 10,946 million units (MUs) collectively from all its power plants in Q2 FY15. The Company’s subsidiaries CGPL and MPL have significantly contributed to the increase in generation capacity, with 5722 MUs and 1577 MUs respectively in Q2 FY15.  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.