Tata Power gains after its arm commissions 100 MW Solar PV Projects in Uttar Pradesh
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Tata Power Company is currently trading at Rs. 248.50, up by 0.65 points or 0.26% from its previous closing of Rs. 247.85 on the BSE.
The scrip opened at Rs. 250.20 and has touched a high and low of Rs. 250.60 and Rs. 245.10 respectively. So far 1864379 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 269.70 on 19-Oct-2021 and a 52 week low of Rs. 74.50 on 28-Jan-2021.
Last one week high and low of the scrip stood at Rs. 250.60 and Rs. 234.35 respectively. The current market cap of the company is Rs. 78876.96 crore.
The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 26.74% and 26.40% respectively.
Tata Power Renewable Energy (TPREL), 100% subsidiary of Tata Power, has commissioned two Solar Power projects of 50 MW each at Prayagraj, and Banda in Uttar Pradesh. The landmark projects have been completed by TPREL within the agreed timelines inspite of Covid challenges. The plants are expected to generate more than 221.26 million units annually.
With the addition of 100MW, the renewables capacity in operation for Tata Power will be 3055 MW with 2123MW of Solar and 932MW of wind. Tata Power total renewable capacity is 4909 MW with another 1854MW of renewable projects under various stages of implementation.
Tata Power Company is India’s largest integrated power company.
