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Tata Power zooms as its JV inks pact with CEEW

09 Aug 2019

Tata Power Company is currently trading at Rs. 59.25, up by 1.45 points or 2.51% from its previous closing of Rs. 57.80 on the BSE.

The scrip opened at Rs. 58.85 and has touched a high and low of Rs. 59.65 and Rs. 58.75 respectively. So far 78382 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 86.15 on 29-Oct-2018 and a 52 week low of Rs. 57.20 on 08-Aug-2019.

Last one week high and low of the scrip stood at Rs. 60.25 and Rs. 57.20 respectively. The current market cap of the company is Rs. 15633.59 crore.

The promoters holding in the company stood at 33.00%, while Institutions and Non-Institutions held 50.87% and 16.13% respectively.

Tata Power Delhi Distribution (TPDDL), a joint venture between Tata Power and the Government of NCT of Delhi, has entered into an agreement with Council on Energy, Environment and Water (CEEW) for conducting research on integration of decentralised renewable energy into Delhi’s power grid.

The collaboration will include joint research on the impact of increased solar rooftop deployment on the quality of power supply, determining optimum rooftop solar photovoltaic share at the distribution transformer-level and techno-economic feasibility of agricultural solar micro-grids.

Tata Power Company 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.

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Tata Power Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323