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Tata Power strengthens on plan to set up 28.8 MW solar plant in Maharashtra

22 Apr 2013 Evaluate

Tata Power Company is currently trading at Rs. 95.45, up by 0.45 points or 0.47% from its previous closing of Rs. 95.00 on the BSE.

The scrip opened at Rs. 95.35 and has touched a high and low of Rs. 95.75 and Rs. 95.00 respectively. So far 62541 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 113.20 on 05-Dec-2012 and a 52 week low of Rs. 85.80 on 24-May-2012.

Last one week high and low of the scrip stood at Rs. 99.70 and Rs. 93.45 respectively. The current market cap of the company is Rs. 22639.11 crore.

The promoters holding in the company stood at 32.47% while Institutions and Non-Institutions held 48.30% and 16.01% respectively.

Tata Power, the country’s largest integrated power utility company, as a part of its strategy to meet its clean energy capacity target is planning to set up a 28.8 MW solar plant near Satara in Maharashtra. The company will be spending over Rs 230 crore this fiscal for setting up the project which will also be its second solar plant in Maharashtra.

The company at present has got a 3-MW project at Mulshi in Maharashtra and a 25-MW solar photovoltaic (PV) project located at Mithapur in the state of Gujarat. In order to build the first floating solar plant at Mulshi the company has partnered with Australia’s Sunengy. The company’s subsidiary, Tata Power Delhi Distribution, has also commissioned a 1-MW grid connected rooftop solar power plant in Delhi.

Tata Power currently has an installed capacity of 376 MW and plants spread across four states of Maharashtra, Gujarat, Tamil Nadu and Karnataka. It has set a target of generating 26,000 MW by 2020 and intends to have a 20-25% contribution from clean power sources. The company will also be adding 200 MW of wind energy in this fiscal.

Tata Power Share Price

433.65 6.20 (1.45%)
20-Apr-2026 16:59 View Price Chart
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