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Tata Power rises as its JV inks MoU with CIC-DU

24 Jun 2015 Evaluate

Tata Power is currently trading at Rs. 74.35, up by 0.25 points or 0.34% from its previous closing of Rs. 74.10 on the BSE.

The scrip opened at Rs. 74.45 and has touched a high and low of Rs. 74.60 and Rs. 73.70 respectively. So far 1,02,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 112.10 on 08-Jul-2014 and a 52 week low of Rs. 68.40 on 04-Jun-2015.

Last one week high and low of the scrip stood at Rs. 74.90 and Rs. 71.60 respectively. The current market cap of the company is Rs. 20,203.00 crore.

The promoters holding in the company stood at 33.02% while Institutions and Non-Institutions held 51.06% and 15.75% respectively.

Tata Power Delhi Distribution (TPDDL), a joint venture (JV) of Tata Power and Government of Delhi, has signed a memorandum of understanding (MoU) with Cluster Innovation Centre –University of Delhi (CIC-DU) to jointly commence research and develop projects in the area of electricity distribution technology. The two institutions will identify the research areas relating to development of new products and technology in the electricity distribution sector and also undertake a holistic study on the electricity consumption pattern in Delhi and at other locations within the country.

According to the MoU, TPDDL will provide the necessary industrial exposure to the CIC-DU and it will make use of the same in furtherance of the broad objectives of this MoU. TPDDL being a front runner in technologies and innovation in the field of power distribution always came forward to support new ideas and young minds in premier institutions like Delhi University.

Tata Power is India's largest integrated power company with a significant international presence. The Company has an installed generation capacity of 8747 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

436.00 -3.20 (-0.73%)
08-May-2026 16:59 View Price Chart
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