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Tata Power Company is currently trading at Rs. 263.15, up by 3.50 points or 1.35% from its previous closing of Rs. 259.65 on the BSE.

The scrip opened at Rs. 262.40 and has touched a high and low of Rs. 264.15 and Rs. 261.30 respectively. So far 107751 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 276.50 on 08-Sep-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. 264.15 and Rs. 254.35 respectively. The current market cap of the company is Rs. 82966.99 crore.

The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 24.66% and 28.47% respectively.

Tata Power Company’s subsidiary -- Tata Power Renewable Energy (TPREL) is planning to set up a 41 MW captive solar plant at Thoothukudi, Tamil Nadu for TP Solar's new greenfield 4.3 GW solar cell and module manufacturing facility located at Tirunelveli, Tamil Nadu. The captive plant will help generate 101 million units of electricity and offset around 72,000 metric tonnes of CO2 emissions annually.

The captive solar project will be commissioned 12 months from the signing of the Project Development Agreement (PDA). TPREL has established TP Govardhan Creatives, a specialized entity entrusted with the development, operation, and upkeep of this facility for TP Solar. TP Solar’s manufacturing plant is expected to start commercial production of cells and modules by FY 24-25. TP Solar is a subsidiary of TPREL.

With this new captive solar plant, TPREL’s total capacity will expand to 7,877 MW including 3,720 MW of projects at different stages of implementation, and an operational capacity of 4,157 MW, comprising 3,154 MW solar energy and 1,003 MW wind energy. 

Tata Power Company is India’s largest integrated power company.