Tata Power rise on collaborating with Rustomjee Group to set up EV charging infrastructure
Tata Power Company is currently trading at Rs. 241.20, up by 1.65 points or 0.69% from its previous closing of Rs. 239.55 on the BSE.
The scrip opened at Rs. 243.90 and has touched a high and low of Rs. 244.85 and Rs. 240.45 respectively. So far 642823 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. 244.20 and Rs. 231.70 respectively. The current market cap of the company is Rs. 76847.92 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 Company has collaborated with Rustomjee Group, the leading real estate developer, to provide end-to-end EV charging solutions across all its residential and commercial projects in Mumbai Metropolitan Region (MMR).
Under this collaboration, Tata Power will install dedicated charging infrastructure for residents of Rustomjee in Mumbai MMR. EV owners will have the access to a 24X7 charging facility along with maintenance support. Customers can connect through the Tata Power EZ Charge mobile application for all services including remote vehicle charging monitoring & e-payments. The partnership will enable Rustomjee residents’ access to a uniform and ubiquitous EV charging experience.
This customized EV charging solutions form the infrastructure backbone for a growing EV ecosystem and provide customers access to energy-efficient options with ease. The company through its Tata Power EZ Charge offering has already set up over 100 EV charging points in Mumbai and over 1300 charging points across the country.
Tata Power Company is India’s largest integrated power company.