Tata Power Company sparkles after its step down arm partners with Bank of India
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Tata Power Company is currently trading at Rs. 444.00, up by 21.60 points or 5.11% from its previous closing of Rs. 422.40 on the BSE.
The scrip opened at Rs. 431.25 and has touched a high and low of Rs. 446.20 and Rs. 430.00 respectively. So far 1583868 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. 220.00 on 28-Jul-2023.
Last one week high and low of the scrip stood at Rs. 446.20 and Rs. 400.00 respectively. The current market cap of the company is Rs. 141777.22 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 subsidiary -- Tata Power Renewable Energy’s (TPREL) wholly-owned subsidiary -- Tata Power Solar Systems (TPSSL) has entered into strategic partnership with Bank of India (BOI), a premier public sector bank, to facilitate easy financing for rooftop solar installations and establishment of electric vehicle (EV) charging stations.
The partnership is a significant milestone with Tata Power Solar becoming the first solar company to collaborate with BOI for both solar and EV Charging Station financing and strengthening its leadership as a green energy solutions provider. This collaboration supports the Government’s initiatives to promote rooftop solar installations, targeting a wide spectrum of customers, including residential users under the PM Surya Ghar Yojana, housing societies, and Micro, Small, and Medium Enterprises (MSMEs). By providing tailored easy financing solutions, the partnership will mainstream green solutions and make sustainable energy adoption more accessible and affordable for all.
Tata Power Company is India’s largest integrated power company.
