Tata Power trades higher on the bourses

Tata Power Company is currently trading at Rs. 105.40, up by 0.65 points or 0.62% from its previous closing of Rs. 104.75 on the BSE.

The scrip opened at Rs. 105.00 and has touched a high and low of Rs. 105.95 and Rs. 104.00 respectively. So far 145168 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 132.50 on 08-Jul-2011 and a 52 week low of Rs. 80.65 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 106.40 and Rs. 99.30 respectively. The current market cap of the company is Rs. 25059.64 crore.

The promoters holding in the company stood at 31.81% while Institutions and Non-Institutions held 48.43% and 16.53% respectively

Tata Power, India's largest integrated private sector power utility is likely to set up power projects outside India and aims to diversify into geo-thermal energy. It has prioritized seven countries for the power projects, which includes South Africa and other Sub-Saharan Africa countries, Indonesia, Vietnam, Turkey and West Asia. The entity has started deploying resources in these places to understand the market dynamics and scout for opportunities.

The company plans to explore new power generating capacity to touch 26,000 MW by 2020, with 20-25% coming from clean energy sources. It is also looking to tie-up 50 million tonnes a year of coal resources for fuel securitization.

Tata Power is India's largest integrated private sector power utility with an installed generation capacity of 5297 MW and a presence in all the segments of the power sector viz. generation (thermal, hydro, solar and wind), transmission, distribution and trading.