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Tata Power gains as its subsidiary recasts term loan of Rs 3,864 crore

30 Dec 2015 Evaluate

Tata Power Company is currently trading at Rs. 67.80, up by 0.65 points or 0.97% from its previous closing of Rs. 67.15 on the BSE.

The scrip opened at Rs. 68.65 and has touched a high and low of Rs. 68.65 and Rs. 67.70 respectively. So far 163569 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 92.40 on 02-Feb-2015 and a 52 week low of Rs. 55.55 on 07-Sep-2015.

Last one week high and low of the scrip stood at Rs. 68.65 and Rs. 65.50 respectively. The current market cap of the company is Rs. 18337.39 crore.

The promoters holding in the company stood at 33.02% while Institutions and Non-Institutions held 50.98% and 15.85% respectively.

Tata Power Company’s subsidiary Coastal Gujarat Power has refinanced its term loan of Rs 3,864 crore. This will reduce the interest burden by Rs 77 crore a year. The refinancing scheme will help in extending the tenure of the rupee facility and assist in reducing the cost.

The refinancing has been done under the RBI circular (August 7, 2014), which has asked banks that a minimum 25 per cent of the outstanding loan should be taken over by a new set of lenders from the existing financing banks and financial institutions. Axis Bank has joined as a new member of the rupee lenders’ consortium of banks.

Tata Power is India’s largest integrated power company with a growing international presence. The company together with its subsidiaries and jointly controlled entities has an installed gross generation capacity of 8,669 MW and a presence in all the segments of the power sector.

 

Tata Power Share Price

427.45 0.20 (0.05%)
17-Apr-2026 16:59 View Price Chart
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