Tata Power Company gains on inking agreement with Bakrie group

Tata Power Company Ltd. | Power Generation/Distribution | Power | BSE: 500400 | NSE: TATAPOWER

28 Feb 2014 Evaluate

Tata Power Company is currently trading at Rs. 79.95, up by 0.50 points or 0.63% from its previous closing of Rs. 79.45 on the BSE.

The scrip opened at Rs. 79.65 and has touched a high and low of Rs. 80.55 and Rs. 79.65 respectively. So far 82339 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 102.45 on 15-Mar-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. 84.50 and Rs. 76.10 respectively. The current market cap of the company is Rs. 18984.58 crore.

The promoters holding in the company stood at 32.47 % while Institutions and Non-Institutions held 48.56 % and 15.78 % respectively.

Tata Power, through its Indonesian subsidiary- PT Sumber Energi Andalan Tbk (SEA) has signed agreement with the Bakrie group entity for the sale of SEA's 30% stake in PT Mitratama Perkasa (MP). The aggregate consideration for SEA's 30% stake in MP is approximately $120 million.

Prior to the sale, MP would be restructured to hold infrastructure assets in relation to PT Arutmin Indonesia (Arutmin) and Tata Power, through its subsidiaries, would continue to hold 30% stake in PT Kaltim Prima Coal (KPC) related infrastructure assets.

The above is a part of the $500 million Arutmin agreement which was announced by the Company on January 31, 2014 regarding the sale of Arutmin and its associated infrastructure assets.

The Company targets to complete the sale of MP in the next two months subject to getting the requisite approvals.

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

441.35 -3.20 (-0.72%)

04-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
NTPC	400.00
Tata Power	441.35
Adani Power	227.50
Power Grid Corp	319.25
Torrent Power	1722.35
View more..

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