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Tata Power rises on getting nod to raise Rs 3,700 crore through NCDs

14 Oct 2014 Evaluate

Tata Power Company is currently trading at Rs. 85.50, up by 0.40 points or 0.47% from its previous closing of Rs. 85.10 on the BSE.

The scrip opened at Rs. 85.90 and has touched a high and low of Rs. 86.45 and Rs. 85.05 respectively. So far 106282 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 115.25 on 09-Jun-2014 and a 52 week low of Rs. 68.95 on 30-Jan-2014.

Last one week high and low of the scrip stood at Rs. 86.45 and Rs. 79.80 respectively. The current market cap of the company is Rs. 23070.45 crore.

The promoters holding in the company stood at 33.04% while Institutions and Non-Institutions held 51.55% and 15.24% respectively.

Tata Power Company has received an approval to issue non-cumulative, redeemable, listed, rated non-convertible debentures (NCDS) not exceeding an aggregate limit of Rs 3,700 crore on private placement basis. The board of directors at their meeting held on October 13, 2014 has approved for the same.

The NCDs may be issued by the company in one or more tranches and may be unsecured or secured by creation of charge over the assets of the company.

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

443.55 0.75 (0.17%)
06-May-2026 09:24 View Price Chart
Peers
Company Name CMP
NTPC 398.10
Tata Power 443.55
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Power Grid Corp 317.65
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