Tata Power Company is currently trading at Rs. 248.45, up by 1.05 points or 0.42% from its previous closing of Rs. 247.40 on the BSE.
The scrip opened at Rs. 248.90 and has touched a high and low of Rs. 249.60 and Rs. 246.55 respectively. So far 827855 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 252.75 on 24-Aug-2023 and a 52 week low of Rs. 182.45 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 251.65 and Rs. 243.65 respectively. The current market cap of the company is Rs. 79468.09 crore.
The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 24.66% and 28.47% respectively.
Tata Power Company’s subsidiary -- Tata Power Renewable Energy (TPREL) through its subsidiary TP Alpha (Special Purpose Vehicle) signed a Power Delivery agreement (PDA) with Sanyo Special Steel Manufacturing India (SSMI) for a Captive Solar Plant having capacity of 28.125 MW (AC) (i.e. 39.375 MWp DC) which is located in Aachegaon, Dist- Solapur, Maharashtra. The solar plant is projected to produce an annual electricity of 61.875 Million Units (MUs) which would meet the energy requirement of steel manufacturing unit of SSMI.
The overall capacity of the Aachegaon facility is 120 MWp AC. The project will be commissioned by March 2024 as per the arrangement. This Solar Power will meet SSMI green power requirements and contribute towards United Nations Sustainable Development Goals.
The use of solar energy from this installation will help to reduce SSMI’s carbon footprint by around 42,534 tonnes annually (reduction of carbon dioxide (CO2) emissions by around 42,534 tonnes annually). This project aligns with SSMI long term strategy towards climate change by reducing dependency on fossil fuel-based energy, lower the carbon footprint and manufacture Green Steel. The project is in line with the objectives of the National Green Energy policy, emphasizing India's commitment to fostering a clean energy ecosystem.
Tata Power Company is India’s largest integrated power company.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
| View more.. | |
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