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Tata Power zooms after its arm repays loans worth Rs 1,550 crore

04 Dec 2020 Evaluate

Tata Power Company is currently trading at Rs. 71.35, up by 2.15 points or 3.11% from its previous closing of Rs. 69.20 on the BSE.

The scrip opened at Rs. 71.50 and has touched a high and low of Rs. 73.60 and Rs. 70.65 respectively.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 73.60  on 04-Dec-2020 and a 52 week low of Rs. 27.00 on 12-May-2020.

Last one week high and low of the scrip stood at Rs. 73.60 and Rs. 65.00 respectively.

The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 37.53% and 15.61% respectively.

Tata Power’s subsidiary company -- Coastal Gujarat Power (CGPL) has repaid Rs 1,550 crore of bank loans. The company has repaid the amount on December 2. With this repayment and the earlier repayment of Rs 2,600 crore of bank loans made in October 2020, the entire bank loans of CGPL aggregating Rs 4,150 crore have been fully repaid. After this repayment, CGPL's long-term debt comprises only Rs 3,790 crore of bonds and debentures.

This action is in line with the company's objective of repaying debt in CGPL to reduce the periodic debt servicing obligations of CGPL and thus make its operations more self-sustainable.

Tata Power is India’s largest integrated power company.

Tata Power Share Price

427.45 0.20 (0.05%)
17-Apr-2026 16:59 View Price Chart
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