Tata Power moves up as its arm inks SPA for acquisition of 30 MW wind farm in Maharashtra

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

09 Mar 2016 Evaluate

Tata Power Company is currently trading at Rs. 58.85, up by 0.05 points or 0.09% from its previous closing of Rs. 58.80 on the BSE.

The scrip opened at Rs. 57.90 and has touched a high and low of Rs. 59.05 and Rs. 57.55 respectively. So far 142875 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 84.85 on 09-Mar-2015 and a 52 week low of Rs. 55.00 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 59.90 and Rs. 58.50 respectively. The current market cap of the company is Rs. 15862.65 crore.

The promoters holding in the company stood at 33.02% while Institutions and Non-Institutions held 50.96% and 16.01% respectively.

Tata Power’s 100% subsidiary - Tata Power Renewable Energy (TPREL), has signed a Share Purchase Agreement (SPA) with Indo Rama Renewables (IRRL) to acquire its 100% subsidiary Indo Rama Renewables Jath (IRRJL) which owns a 30 MW wind farm in Sangli District of Maharashtra. The transaction shall be consummated within the next few weeks. The wind farm which is fully operational since July 2013 has executed a long-term power purchase agreement with Maharashtra State Electricity Distribution (MSEDL) and is registered under the Generation Based Incentive scheme of Ministry of New & Renewable Energy.

With this acquisition, Tata Power’s total generation capacity will increase to 9,130 MW and its operational Wind power generation capacity to 570 MW with wind turbines located across five states - Maharashtra, Rajasthan, Gujarat, Tamil Nadu and Karnataka, which are the leading states in promoting wind power generation in India. TPREL also has 250 MW of wind projects under construction across Gujarat, MP and AP.

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 [9100] MW and a presence in all the segments of the power sector viz. Fuel Security and Logistics, 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

Peers

Company Name	CMP
NTPC	402.20
Tata Power	436.00
Adani Power	225.15
Power Grid Corp	313.90
Torrent Power	1724.80
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