Tata Power soars on signing SPA for acquisition of 540 MW coal based thermal power project in Maharashtra

Tata Power Company Ltd. | Power Generation/Distribution | Power | BSE: 500400 | NSE: TATAPOWER

10 Dec 2014 Evaluate

Tata Power Company is currently trading at Rs. 87.50, up by 2.10 points or 2.46 % from its previous closing of Rs. 85.40 on the BSE.

The scrip opened at Rs. 84.50 and has touched a high and low of Rs. 89.50 and Rs. 84.50 respectively. So far 270371 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. 91.35 and Rs. 84.45 respectively. The current market cap of the company is Rs. 23665.47 crore.

The promoters holding in the company stood at 33.04 % while Institutions and Non-Institutions held 50.93 % and 15.87 % respectively.

Tata Power, India's largest integrated power company has signed a SPA (Share Purchase Agreement) for acquisition of 100% shareholding in Ideal Energy Projects (IEPL). IEPL owns a 540 MW coal based thermal power project near village Bela in the Nagpur district of Maharashtra out of which 270 MW was commissioned in May 2013 and is based on domestic coal. An agreement was reached between Tata Power and IEPL for sale of 100% stake in IEPL. The acquisition is subject to statutory approvals and certain conditions precedent.

With this acquisition, Tata Power’s total generating capacity will increase to 8885 MW. This project will help Tata Power service its customers in Maharashtra competitively and also give opportunity to the Company to work closely with the local communities in the vicinity to improve their quality of life.

Tata Power is India’s largest integrated power company with a significant international presence. The Company has an installed generation capacity of 8885 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

393.15 0.30 (0.08%)

25-Jun-2026 12:31 View Price Chart

Peers

Company Name	CMP
NTPC	355.65
Tata Power	393.15
Power Grid Corpn.	288.75
Adani Power	229.85
Torrent Power	1438.60
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