Tata Power surges as its arm completes acquisition of 30 MW wind farm in Maharashtra

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

20 May 2016 Evaluate

Tata Power Company is currently trading at Rs. 69.30, up by 0.90 points or 1.32% from its previous closing of Rs. 68.40 on the BSE.

The scrip opened at Rs. 68.50 and has touched a high and low of Rs. 69.80 and Rs. 68.30 respectively. So far 157730 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 79.80 on 20-May-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. 71.10 and Rs. 68.10 respectively. The current market cap of the company is Rs. 18716.04 crore.

The promoters holding in the company stood at 33.02% while Institutions and Non-Institutions held 50.70% and 16.13% respectively.

Tata Power’s wholly owned subsidiary -- Tata Power Renewable Energy (TPREL) has completed acquisition of 100% shareholding in Indo Rama Renewables Jath (IRRJL), which is a 100% subsidiary of Indo Rama Renewables (IRRL). IRRJL has a 30 MW operating wind farm in Sangli District of Maharashtra.

The wind farm, which is fully operational since July 2013, has a long-term power purchase agreement with Maharashtra State Electricity Distribution and is registered under the Generation Based Incentive scheme of Ministry of New & Renewable Energy.

With this acquisition, Tata Power’s total generation capacity now becomes 9213 MW and current operating non-fossil based capacity at 1704 MW. The company has operating WIND capacity of 647 MW spread across six states of Madhya Pradesh, Maharashtra, Gujarat, Tamil Nadu, Karnataka and Rajasthan. Further, TPREL has an additional 500 MW of wind and solar capacity under development in the states of Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka and Telangana.

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 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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