Tata Power soars after its arm commissions 110 MW solar power project in Bikaner
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Tata Power Company is currently trading at Rs. 217.90, up by 2.30 points or 1.07% from its previous closing of Rs. 215.60 on the BSE.
The scrip opened at Rs. 216.35 and has touched a high and low of Rs. 218.85 and Rs. 216.25 respectively. So far 347393 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 251.00 on 07-Sep-2022 and a 52 week low of Rs. 182.45 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 218.95 and Rs. 211.75 respectively. The current market cap of the company is Rs. 69626.45 crore.
The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 23.93% and 29.20% respectively.
Tata Power Company’s subsidiary -- Tata Power Renewable Energy (TPREL) has commissioned a 110 MW solar power project in Bikaner, Rajasthan. The project will supply 110 MW of green power to the Kerala State Electricity Board. The project is expected to generate around 211 MUs (million units) and reduce a 2,58,257 MT (metric tonne) carbon footprint annually.
The project has used 2,59,272 mono bifacial PERC half-cell modules. In spite of the various challenges such as tough land topography, extreme weather conditions, temperatures touching more than 50 degrees, the coldest of winters and sandstorms, along with adverse geopolitical challenges, the project was completed within a stipulated period of 7 months. This project is one of the fastest commissioned projects in Rajasthan, backed by a skilled team, cutting-edge technology, and experienced leadership.
With this installation, the total renewables capacity of TPREL reaches 6,788 MW with an installed capacity of 4047MW (Solar - 3,106 MW & Wind - 941 MW) and 2,741 MW under various stages of implementation.
Tata Power Company is India’s largest integrated power company.
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