Tata Power gains as its arm gets LoA to build 100 MW of distributed ground mounted solar projects
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Tata Power is currently trading at Rs. 194.25, up by 2.70 points or 1.41% from its previous closing of Rs. 191.55 on the BSE.
The scrip opened at Rs. 195.00 and has touched a high and low of Rs. 198.70 and Rs. 189.85 respectively. So far 6141980 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 198.70 on 12-Oct-2021 and a 52 week low of Rs. 51.65 on 30-Oct-2020.
Last one week high and low of the scrip stood at Rs. 198.70 and Rs. 172.75 respectively. The current market cap of the company is Rs. 61606.15 crore.
The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 28.42% and 24.73% respectively.
Tata Power Company’s wholly-owned subsidiary -- Tata Power Solar Systems has received ’Letter of Award’ (LoA) to build 100 MW of distributed ground mounted solar projects for Energy Efficiency Services (EESL). The total order value of projects is Rs 538 crore. The commissioning date of the projects is set for 12 months.
With this win, the Utility Scale EPC order book of Tata Power Solar now stands at 4GW (DC) capacity with an approximate value of Rs 9,264 crore (without GST), thereby strengthening its position as India’s leading Solar EPC player. The EESL project sites are located in Maharashtra. The work secured includes engineering, design, supply, construction, erection, testing, O&M and commissioning of the solar projects.
Tata Power Company is India’s largest integrated power company.
