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Tata Power surges on getting state electricity regulator’s nod to postpone solar energy target until 2016

26 Dec 2013 Evaluate

Tata Power Company is currently trading at Rs. 88.80, up by 2.60 points or 3.02 % from its previous closing of Rs. 86.20 on the BSE.

The scrip opened at Rs. 86.35 and has touched a high and low of Rs. 89.45 and Rs. 86.00 respectively. So far 740850 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 112.50 on 03-Jan-2013 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. 92.40 and Rs. 86.00 respectively. The current market cap of the company is Rs. 21132.21 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 received Indian state electricity regulator’s nod to reschedule fulfillment of annual solar-power procurement targets by as many as five years to 2016. The company, since 2010, has not been capable to arrange enough solar power to fulfill government renewable mandates due to shortage of sun-based generation in the country.

The government needed electricity distributors and large industrial companies to get as much as 10 percent of their power each year from renewables. In Maharashtra state, where Tata Power generates and distributes electricity, the company faced a solar procurement target of 0.25 percent that rises to 0.5 percent in the financial year starting April.

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.

Tata Power Share Price

433.80 6.35 (1.49%)
20-Apr-2026 14:25 View Price Chart
Peers
Company Name CMP
NTPC 399.20
Tata Power 433.80
Adani Power 203.35
Power Grid Corp 320.30
Torrent Power 1615.40
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