Tata Power surges as its arm emerges as a leader in the solar rooftop market

Tata Power Company is currently trading at Rs. 90.30, up by 2.20 points or 2.50% from its previous closing of Rs. 88.10 on the BSE. The scrip opened at Rs. 88.20 and has touched a high and low of Rs. 90.45 and Rs. 88.15 respectively. So far 277318 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. 90.60 and Rs. 87.25 respectively. The current market cap of the company is Rs. 24219.92 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’s 100% subsidiary - Tata Power Solar (TPS), one of the pioneering solar manufacturers in the world, has emerged as a leader in the industrial and commercial rooftop segment, in the recently released India Solar Rooftop Map 2015 by Bridge To India, a leading cleantech consulting firm. Tata Power Solar also ranked 2 under the residential rooftop space, in the Solar Rooftop Map 2015. Tata Power Solar stands out as the market leader in industrial and commercial rooftop with a 15% market share and considerable lead over the rest of the players. Additionally in the residential rooftop segment, the company has been ranked 2 for cumulative residential rooftop projects with a market share of over 12%. In the solar rooftop space, Tata Power Solar has completed several prestigious projects, including commissioning of the largest rooftop solar plant in South India of 2 MW for Murugan Textiles - the largest power loom producer in India.