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Tata Power shines as its JV rolls out live peer-to-peer solar energy trading project

04 Mar 2021 Evaluate

Tata Power Company is currently trading at Rs. 111.00, up by 5.75 points or 5.46% from its previous closing of Rs. 105.25 on the BSE.

The scrip opened at Rs. 104.60 and has touched a high and low of Rs. 114.00 and Rs. 102.80 respectively. So far 5577236 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 114.00 on 04-Mar-2021 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. 114.00 and Rs. 93.00 respectively. The current market cap of the company is Rs. 35596.08 crore.

The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 36.96% and 16.17% respectively.

Tata Power Delhi Distribution (TPDDL), a joint venture (JV) between Tata Power and the government of NCT of Delhi, and Australian tech firm Power Ledger have launched the first live peer-to-peer solar energy trading project in Delhi. Tata Power DDL and Power Ledger in collaboration with India Smart Grid Forum (ISGF) have rolled out live peer-to-peer (P2P) solar energy trading, a first-of-its-kind pilot project in Delhi.

This project, announced during India Smart Utility Week, is a major milestone in advancing India's ambitious renewable energy targets, while introducing the concept of energy trading to the world's second-biggest city.

Tata Power is India’s largest integrated power company.

Peers
Company Name CMP
NTPC 329.35
Tata Power 368.30
Adani Power 205.00
Power Grid Corpn. 263.50
Adani Energy Solut. 1382.00
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