Tata Power is currently trading at Rs. 87.15, up by 1.10 points or 1.28% from its previous closing of Rs. 86.05 on the BSE.
The scrip opened at Rs. 86.05 and has touched a high and low of Rs. 88.00 and Rs. 85.65 respectively. So far 70,000 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. 77.25 on 13-Jun-2013.
Last one week high and low of the scrip stood at Rs. 95.15 and Rs. 85.50 respectively. The current market cap of the company is Rs. 20,681 crore.
The promoters holding in the company stood at 32.47% while Institutions and Non-Institutions held 48.22% and 16.08% respectively. Tata Power, India’s largest integrated power utility, has generated over 43 million units from its Solar Power Plant in Gujarat. Spread over 100 acres of land, the solar plant is located at Mithapur in Gujarat in 2012-13. Mithapur project, one of the largest of its kind in the country uses Crystalline Silicon Photo-Voltaic Technology, which is modular, proven, and widely deployed. Tata Power through its 100% subsidiary, ‘Tata Power Renewable Energy’ had signed a Power Purchase Agreement (PPA) for the project with Gujarat Urja Vikas Nigam.
The Company’s strategy emphasizes the development of clean energy generation from renewable sources to balance the carbon emissions from fossil fuel based generation capacity while contributing towards energy security of the country. Tata Power currently has four of its renewable projects registered under the Clean Development Mechanism (CDM) program by United Nations Framework Convention on Climate Change (UNFCCC). These projects include the 50.4 MW Gadag project, the 50.4 MW Wind project at Khandke, and the 50.4 MW Wind project at Samana in Maharashtra. The fourth project is the 25 MW Solar project at Mithapur, Gujarat.
