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Tata Power soars as its JV commissions 66kV grid substation at Rohini, Delhi

19 Sep 2013 Evaluate

Tata Power is currently trading at Rs. 79.45, up by 1.50 points or 1.92% from its previous closing of Rs. 77.95 on the BSE.

The scrip opened at Rs. 79.75 and has touched a high and low of Rs. 80.80 and Rs. 78.80 respectively. So far 1,88,000 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. 68.25 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 80.20 and Rs. 74.80 respectively. The current market cap of the company is Rs. 18,854 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 Delhi Distribution (TPDDL), a joint venture (JV) of Tata Power and the Government of Delhi, has commissioned a 66kV grid substation at Sector-28, Rohini in Delhi. The newly commissioned grid substation will benefit over 1 lakh existing and new TPDDL consumers in 27, 28 and 29 sectors of Rohini and Shahbad Diary, Delhi College of Engineering and Prahladpur areas, etc. The grid substation has been built at a total cost of Rs 15.5 crore.

The state-of-the-art grid substation was dedicated to TPDDL consumers by Sheila Dikshit, Chief Minister of Delhi. Also present on the occasion were Haroon Yusuf, Minister of Power, Government of Delhi, and Surender Kumar, MLA, Bawana.

Tata Power is India's largest integrated power company with a significant international presence. The Company has an installed generation capacity of 8521 MW in India and a presence in all the segments of the power sector viz. Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.

Peers
Company Name CMP
NTPC 328.75
Tata Power 363.80
Adani Power 203.70
Power Grid Corpn. 264.65
Adani Energy Solut. 1343.25
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