Tata Power shines as its arm commissions 100 MW project in Maharashtra
Tata Power Company is currently trading at Rs. 224.60, up by 3.20 points or 1.45% from its previous closing of Rs. 221.40 on the BSE.
The scrip opened at Rs. 225.70 and has touched a high and low of Rs. 226.90 and Rs. 223.65 respectively. So far 265114 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 298.00 on 07-Apr-2022 and a 52 week low of Rs. 103.70 on 01-Jun-2021.
Last one week high and low of the scrip stood at Rs. 236.00 and Rs. 210.25 respectively. The current market cap of the company is Rs. 70744.82 crore.
The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 27.03% and 26.11% respectively.
Tata Power Company’s wholly-owned subsidiary -- Tata Power Renewable Energy (TPREL) has commissioned 100 MW/138MWp project for Maharashtra State Electricity Distribution Company (MSEDCL) in Partur, Maharashtra. The installation is comprised of over 4,11,900 numbers of monocrystalline PV modules and is expected to reduce around 234 million tons of CO2 annually.
The project was executed by Tata Power Solar Systems, an EPC arm of Tata Power, within the stipulated timeline of 3.5 months in 600 acres of land. TPREL’s expert team of engineers carried out synchronized activities and mobilized the workforce within a short span to ensure timely execution of the project. Within the first two months of the project, the team completed all the CMCS, Switchyard, and PV area's civil activities, and in the next one-and-a-half months also managed to complete AC readiness of all the blocks with 60 MWp of MMS installation and 50 MWp of module installation.
With this addition of 100 MW, the renewables capacity in operation for Tata Power now stands at 3,620 MW with 2,688 MW of Solar and 932 MW of Wind. Tata Power’s total Renewable capacity is 4,920 MW including 1,300 MW of Renewable projects under various stages of implementation.
Tata Power Company is India’s largest integrated power company.