Tata Power Company is currently trading at Rs. 78.55, up by 2.00 points or 2.61% from its previous closing of Rs. 76.55 on the BSE.
The scrip opened at Rs. 76.95 and has touched a high and low of Rs. 78.90 and Rs. 76.95 respectively. So far 434568 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. 68.25 on 06-Aug-2013.
Last one week high and low of the scrip stood at Rs. 79.00 and Rs. 69.80 respectively. The current market cap of the company is Rs. 18628.62 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, the country's largest private electricity generator, has sought approval for diverting coal from its Mandakini captive mine in Odisha to the 1,050 MW Maithon project in Jharkhand, which is operated in partnership with Damodar Valley Corporation. As a stop gap arrangement, the company plans to divert the surplus coal to Maithon thermal power project that faces coal shortage.
The request for allocation of diversion of coal from the Mandakini block for the Maithon project is to benefit customers as the power produced from the plant is in turn supplied to the states with CERC-regulated pricing.
Further, company’s Mandakini coal block in Angul district of Odisha is scheduled to start production before the associated 660 MW Naraj Marthapur plant is commissioned.
| Company Name | CMP |
|---|---|
| NTPC | 405.25 |
| Tata Power | 439.10 |
| Adani Power | 212.35 |
| Power Grid Corp | 320.75 |
| Torrent Power | 1656.85 |
| View more.. | |
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