Tata Power jumps as its arm commissions 160 MW AC solar project in Rajasthan
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Tata Power Company is currently trading at Rs. 255.25, up by 3.30 points or 1.31% from its previous closing of Rs. 251.95 on the BSE.
The scrip opened at Rs. 253.80 and has touched a high and low of Rs. 256.55 and Rs. 252.30 respectively. So far 1562491 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. 89.95 on 12-Apr-2021.
Last one week high and low of the scrip stood at Rs. 256.55 and Rs. 237.20 respectively. The current market cap of the company is Rs. 81577.02 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 Solar Systems (Tata Power Solar), a wholly-owned subsidiary of Tata Power, has commissioned a 160MW AC solar project at Jetstar, Rajasthan. Approximately 6,75,000 numbers of monocrystalline PV modules were used in this installation and it will produce 387MUs of energy per year.
The Jetstar project was completed within a period of 15 months and is a testament to Tata Power Solar's exceptional project execution capabilities. The project engineers worked under tough climatic conditions including movement of men and machinery to the project site.
The Jetstar project is one of the largest solar projects in Rajasthan. It will not only increase the share of renewable power in the overall energy mix of the state but also contribute its bit towards India's ambitious renewable energy targets. The project order's scope included engineering, design, supply, construction, erection, testing, O&M and commissioning.
Tata Power Company is India’s largest integrated power company.
