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Tata Power gains on plan to commission two South African wind projects

02 Jun 2014 Evaluate

Tata Power Company is currently trading at Rs. 104.30, up by 0.45 points or 0.43% from its previous closing of Rs. 103.85 on the BSE.

The scrip opened at Rs. 105.00 and has touched a high and low of Rs. 105.35 and Rs. 102.85 respectively. So far 485336 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 109.45 on 26-May-2014 and a 52 week low of Rs. 65.86 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 109.45 and Rs. 95.75 respectively. The current market cap of the company is Rs. 28276.86 crore.

The promoters holding in the company stood at 33.04% while Institutions and Non-Institutions held 48.22% and 18.57% respectively.

Tata Power Company is planning to commission two South African wind projects, having total capacity of nearly 229 MW, by fiscal year 2017. The company is developing the two projects through an equal joint venture with Exxaro Resources. These projects are 134.4 MW Amakhala Emoyeni and 94.8 MW Tsitsikamma plants.

The Amakhala Emoyeni is a 134.4 MW wind powered generation project, located approximately 14 kilometres south west of the town of Bedford in the Eastern Cape, expected to be commissioned in fiscal year 2017. Similarly, the Tsitsikamma project is also expected to be operational in fiscal 2017.

For both projects, being developed by the joint venture entity Cennergi (Pty) Ltd, power purchase agreements have been inked with Eskom Holdings SOC for a period of 20 years from the date of starting their commercial operations.

Tata Power is India’s largest integrated power company with a significant international presence. The Company has an installed generation capacity of 8521 MW in India and a presence in all the segments of the power sector viz. Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.

Tata Power Share Price

434.65 4.50 (1.05%)
24-Apr-2026 16:59 View Price Chart
Peers
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