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Published on 8/04/2021 10:36:38 AM | Source: Accord Fintech

Tata Power moves up as its arm expands manufacturing capacity of Cells, Modules to 1,100 MW

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Tata Power Company is currently trading at Rs. 104.85, up by 0.75 points or 0.72% from its previous closing of Rs. 104.10 on the BSE.

The scrip opened at Rs. 105.00 and has touched a high and low of Rs. 105.80 and Rs. 104.80 respectively. So far 386221 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 114.95 on 15-Mar-2021 and a 52 week low of Rs. 27.00 on 12-May-2020.

Last one week high and low of the scrip stood at Rs. 107.25 and Rs. 100.50 respectively. The current market cap of the company is Rs. 33263.48 crore.

The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 36.96% and 16.17% respectively.

Tata Power’s wholly-owned subsidiary -- Tata Power Solar Systems has expanded its manufacturing capacity of Cells and Modules to 1,100 MW. The expansion is based on the significant increase in demand that the company has seen for its solar modules, as well as the expected increase in demand due to supportive policy steps announced recently by the Government of India for creating ‘Atmanirbhar Bharat’ (Self-Reliant India). Tata Power Solar’s manufacturing plant in Bengaluru is India’s premier integrated cell and module manufacturing facility that meets the highest industry standards.

Tata Power is India’s largest integrated power company.

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