Tata Power gains as its arm commissions Omkareshwar Floating Solar Project
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Tata Power Company is currently trading at Rs. 400.70, up by 1.65 points or 0.41% from its previous closing of Rs. 399.05 on the BSE.
The scrip opened at Rs. 400.25 and has touched a high and low of Rs. 408.40 and Rs. 400.25 respectively. So far 184537 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 494.85 on 27-Sep-2024 and a 52 week low of Rs. 256.95 on 24-Nov-2023.
Last one week high and low of the scrip stood at Rs. 448.00 and Rs. 397.00 respectively. The current market cap of the company is Rs. 127510.02 crore.
The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 26.13% and 27.02% respectively.
Tata Power Company’s subsidiary -- Tata Power Renewable Energy (TPREL) has successfully commissioned the Omkareshwar Floating Solar Project. With an impressive capacity of 126 MW, this project stands as one of India’s largest floating solar installations, marking a significant milestone in the country's renewable energy journey. The EPC contract worth Rs 596 crore was awarded by NHDC to TPREL.
Located in the Khandwa district of Madhya Pradesh, the Omkareshwar Floating Solar Project supplies sustainable power to the Madhya Pradesh Power Transmission Company (MPPTCL). Uniquely positioned between the Indirasagar and Omkareshwar hydroelectric reservoirs, this innovative project has navigated complex environmental and logistical challenges such as fluctuating water levels, high winds, and limited site access reaching successful completion within just 26 months.
Tata Power Company is India’s largest integrated power company. It is a pioneer credited with steering the energy sector on technology, process and platform.
