Tata Power Company is currently trading at Rs. 77.60, up by 0.60 points or 0.78% from its previous closing of Rs. 77.00 on the BSE.
The scrip opened at Rs. 77.05 and has touched a high and low of Rs. 77.70 and Rs. 77.05 respectively. So far 13,000 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. 80.55 and Rs. 76.60 respectively. The current market cap of the company is Rs. 18,426.00 crore.
The promoters holding in the company stood at 32.47% while Institutions and Non-Institutions held 48.38% and 15.97% respectively.
Tata Power Company has inked a Memorandum of Understanding (MoU) with the Ministry of Industry and Trade, Government of Vietnam for developing the Long Phu 2 Power Project in Soc Trang Province of Vietnam. The company was awarded the Long Phu 2 Power Project by the Government of Vietnam based on the pre-feasibility studies earlier this year. The MoU has been signed to develop a thermal power plant, which will utilize imported coal.
In accordance with the MoU, Tata Power will carry out feasibility studies for developing this power project on build, own and transfer basis. The Long Phu 2 Power Project is Tata Powers first coal based project outside India.
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.
