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Tata Power gains as its arm concludes acquisition of 100% stake in WREPL

15 Sep 2016 Evaluate

Tata Power Company is currently trading at Rs. 76.30, up by 1.05 points or 1.40% from its previous closing of Rs. 75.25 on the BSE.

The scrip opened at Rs. 76.20 and has touched a high and low of Rs. 76.95 and Rs. 76.20 respectively. So far 41,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 80.35 on 01-Sep-2016 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. 78.45 and Rs. 73.60 respectively. The current market cap of the company is Rs. 20,622.80 crore.

The promoters holding in the company stood at 33.02%, while Institutions and Non-Institutions held 50.66% and 16.18% respectively.

Tata Power Company’s wholly owned subsidiary - Tata Power Renewable Energy (TPREL) has completed the acquisition of 100 percent shareholding in Welspun Renewables Energy (WREPL) and its subsidiaries. This represents the largest transaction in the renewable space in India.

WREPL has one of the largest operating solar portfolios in India spread across ten states. It has about 1,141 MW of renewable projects comprising about 990 MW solar power projects and about 150 MW of wind power. Out of 1,141 MW renewable portfolio, over 1,000 MW of capacity is operational and balance capacity is under advanced stages of implementation.

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
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Tata Power 436.00
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