Tata Power gains as its JV inks pacts to acquire two power plants from Tata Steel

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

29 Oct 2019 Evaluate

Tata Power Company is currently trading at Rs. 58.85, up by 0.55 points or 0.94% from its previous closing of Rs. 58.30 on the BSE.

The scrip opened at Rs. 58.85 and has touched a high and low of Rs. 59.25 and Rs. 58.00 respectively. So far 315552 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. 50.40 on 21-Aug-2019.

Last one week high and low of the scrip stood at Rs. 62.20 and Rs. 57.30 respectively. The current market cap of the company is Rs. 15917.59 crore.

The promoters holding in the company stood at 36.21%, while Institutions and Non-Institutions held 48.05% and 15.67% respectively.

Tata Power’s joint venture (JV) -- Industrial Energy has signed pacts with Tata Steel to acquire a captive gas-based power plant and a diesel project in Kalinganagar, Odisha for around Rs 920 crore. Industrial Energy is a joint venture between Tata Power and Tata Steel in the ratio of 74:26, respectively. The agreement is for acquisition of 120 MW captive gas-based power plant and 40 MW diesel generating station (40 MW DGS) at Kalinganagar from Tata Steel. Industrial Energy has also signed tolling agreements with Tata Steel for supply of power for a period of 30 years from 120 MW plant and 15 years from the 40 MW DGS.

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.

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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