Tata Power Company gains as its step down arm signs Power Delivery Agreement with Tata Steel
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Tata Power Company is currently trading at Rs. 456.15, up by 2.50 points or 0.55% from its previous closing of Rs. 453.65 on the BSE.
The scrip opened at Rs. 454.55 and has touched a high and low of Rs. 457.80 and Rs. 454.00 respectively. So far 112630 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 464.30 on 03-May-2024 and a 52 week low of Rs. 228.10 on 16-Aug-2023.
Last one week high and low of the scrip stood at Rs. 457.80 and Rs. 430.00 respectively. The current market cap of the company is Rs. 144956.58 crore.
The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 25.32% and 27.80% respectively.
Tata Power Company’s step down subsidiary -- TP Parivart has signed a Power Delivery Agreement with Tata Steel, one of India's leading steel manufacturing companies, for a 70 MW group captive solar power plant at Akola, Maharashtra. The project is expected to generate 154 million units (MUs) of power annually and reduce carbon emissions by 1,15,000 tonnes. TP Parivart is a subsidiary of Tata Power Renewable Energy (TPREL) and TPREL is a subsidiary of Tata Power Company.
Tata Power Company is India’s largest integrated power company.
