Under the provisions of the MoU, the Ministry for Development of Russian Far East will cooperate with and support Tata Power at all stages of the investment projects, including assisting the company's communications with federal and regional authorities, state-owned companies, and the private sector.
The MoU, signed under the ambit of India-Russia bilateral summit happening in Moscow, reflects the mutual intentions of the Parties to cooperate for the purpose of realisation of investment projects in the energy sector across the Russian Far East.
Under the provisions of the MoU, the Ministry for Development of Russian Far East will cooperate with and support Tata Power at all stages of the investment projects, including assisting the company's communications with federal and regional authorities, state-owned companies, and the private sector.
The MoU was signed in Moscow by Ashok Sethi, COO and ED, Tata Power, and Alexander Galushka, Minister for Development of Russian Far East.
Tata Power Company Ltd is currently trading at Rs. 67.2, down by Rs. 0.4 or 0.59% from its previous closing of Rs. 67.6 on the BSE.
The scrip opened at Rs. 67.9 and has touched a high and low of Rs. 67.9 and Rs. 67.1 respectively. So far 871253(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 18283.29 crore.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 92.4 on 02-Feb-2015 and a 52 week low of Rs. 55.55 on 07-Sep-2015. Last one week high and low of the scrip stood at Rs. 68.45 and Rs. 64.75 respectively.
The promoters holding in the company stood at 33.02 % while Institutions and Non-Institutions held 50.98 % and 15.85 % respectively.
The stock is currently trading below its 200 DMA.
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