Torrent Power is currently trading at Rs. 263.00, up by 2.55 points or 0.98% from its previous closing of Rs. 260.45 on the BSE.
The scrip opened at Rs. 263.50 and has touched a high and low of Rs. 264.75 and Rs. 262.75 respectively. So far 10467 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 306.95 on 22-Jan-2018 and a 52 week low of Rs. 212.10 on 01-Oct-2018.
Last one week high and low of the scrip stood at Rs. 264.75 and Rs. 253.95 respectively. The current market cap of the company is Rs. 12517.66 crore.
The promoters holding in the company stood at 53.57%, while Institutions and Non-Institutions held 25.34% and 21.10% respectively.
Torrent Power (TPL) has emerged as winner of the competitive bidding process conducted by Maharashtra State Electricity Distribution Company (MSEDCL) for appointment of input based Distribution Franchisee for distribution of electricity in Shil, Mumbra & Kalwa sub-divisions under Thane Urban Circle, for a period of 20 years.
MSEDCL has issued the Letter of Intent (LoI) to TPL and the Distribution Franchisee Agreement (DFA) with MSEDCL will be executed in due course and operations are expected to be taken over soon thereafter.
Torrent Power is an integrated utility engaged in the business of power generation, transmission and distribution with operations in the states of Gujarat, Maharashtra and Uttar Pradesh.
