Tata Power surges as its JV commissions India's first micro substation in collaboration with Nissin Electric
Tata Power Company is currently trading at Rs 400.55, up by 7.55 points or 1.92% from its previous closing of Rs 393.00 on the BSE.
The scrip opened at Rs 395.95 and has touched a high and low of Rs 401.35 and Rs 394.95 respectively. So far 106611 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 326.25 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs 401.35 and Rs 381.75 respectively. The current market cap of the company is Rs 127989.33 crore.
The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 25.58% and 27.55% respectively.
Tata Power Delhi Distribution (Tata Power-DDL), a joint venture (JV) between Tata Power and the Government of NCT of Delhi, in collaboration with Japan-based Nissin Electric Co, has commissioned India's first micro substation with power voltage transformer (PVT) that will provide low-cost and reliable power supply to consumers. Micro substation with PVT can convert high-voltage power directly from transmission lines to low voltage power, suitable for residential consumers. Tata Power-DDL, a leading power utility serves around 9 million consumers in North Delhi.
The project is a part of International Demonstration Project on Japan's Energy Efficiency Technologies, publicly solicited by the New Energy and Industrial Technology Development Organization (NEDO). To commence this project, Tata Power -DDL and Nissin Electric signed a project agreement on August 21, 2024. The introduction of micro substation with PVT technology is primarily aimed at low cost and reliable power supply to remote load centers with challenging terrains. It will also be helpful in urban landscapes where there are challenges for network extension to meet the growing load.
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.
