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Tata Power Company slides as its JV gets penalized for violations

27 Aug 2012 Evaluate

Tata Power Company is currently trading at Rs 97.30, down by 1.05 points or 1.07% from its previous closing of Rs 98.35 on the BSE.

The scrip opened at Rs 98.95 and has touched a high and low of Rs 99.25 and Rs 97.20 respectively. So far 70409 shares were traded on the counter.

The BSE group 'A' stock of face value Re 1 has touched a 52 week high of Rs. 121.50 on 21-Feb-2012 and a 52 week low of Rs 80.65 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs 100.65 and Rs 96.30 respectively. The current market cap of the company is Rs 23101.86 crore.

The promoters holding in the company stood at 31.75% while Institutions and Non-Institutions held 48.62% and 16.41% respectively.

 Tata Power’s Delhi Distribution (TPDDL), a joint venture between Tata Power Company and the Government of NCT of Delhi, has to pay penalty of Rs 25,000 for committing a number of violations including wrong assessment of a consumer’s electricity bill and snapping of supply.

A Delhi resident, Anita Goel filed petition against TPDDL, in response to which Delhi Electricity Regulatory Commission has imposed this penalty on TPDDL.  The connection to the consumer was issued for non-domestic purposes but the same was billed by TPDDL for domestic tariff by mistake. The company later revised the bill based on commercial tariff instead of domestic rates which was not paid by the consumer.

Tata Power Share Price

427.45 0.20 (0.05%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 393.65
Tata Power 427.45
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Power Grid Corp 318.05
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