Tata Power climbs as its step down arm to supply 152 MWp DCR Solar PV Modules for NTPC
Tata Power Company is currently trading at Rs. 337.80, up by 4.60 points or 1.38% from its previous closing of Rs. 333.20 on the BSE.
The scrip opened at Rs. 339.20 and has touched a high and low of Rs. 340.20 and Rs. 334.45 respectively. So far 2140712 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 341.30 on 14-Dec-2023 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. 341.30 and Rs. 322.35 respectively. The current market cap of the company is Rs. 107842.71 crore.
The promoters holding in the company stood at 46.86% while Institutions and Non-Institutions held 26.02% and 27.12% respectively.
Tata Power Company’s subsidiary -- Tata Power Renewable Energy’s (TPREL) wholly owned subsidiary -- Tata Power Solar Systems (TPSSL) has signed a contract to supply 152 MWp DCR Solar PV Modules for NTPC (NTPC’s) Nokh Solar PV Project in Rajasthan.
The project holds a significant order value of around Rs 418 crore. The entire project will utilise DCR category Bi-Facial Mono-PERC modules. The solar panels, including the solar cells and modules, of these DCR Solar PV modules, are being manufactured in India in adherence to the Domestic Content Requirement policy.
TPSSL’s Solar Cell and Module Manufacturing plant in Bengaluru will supply 152 MWp DCR Solar PV Modules for this project. This contract highlights TPSSL’s commitment to promoting the growth of renewable energy, thereby furthering the nation's sustainable energy objectives.
TPSSL’s Solar EPC portfolio is more than 12.5 GWp of ground-mount utility-scale, over 2 GW of rooftop and distributed ground-mounted systems, and over one lakh solar water pumps. NTPC is India's leading integrated power producer and the biggest central Public Sector Undertaking under the Ministry of Power, Government of India.
Tata Power Company is India’s largest integrated power company.
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