Tata Power Company Ltd.

Tata Power Company is currently trading at Rs. 48.95, up by 2.30 points or 4.93% from its previous closing of Rs. 46.65 on the BSE.

The scrip opened at Rs. 47.80 and has touched a high and low of Rs. 49.10 and Rs. 47.25 respectively. So far 1626466 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 70.00 on 18-Jul-2019 and a 52 week low of Rs. 27.00 on 12-May-2020.

Last one week high and low of the scrip stood at Rs. 51.00 and Rs. 46.00 respectively. The current market cap of the company is Rs. 13172.25 crore.

The promoters holding in the company stood at 37.22%, while Institutions and Non-Institutions held 46.46% and 16.31% respectively.

Tata Power’s arm CGPL, which runs Mundra plant, is in advance stage of discussion with Gujarat's utility GUVNL to ink a supplemental power purchase agreement (PPA) to facilitate suitable increase in power tariff.

Earlier this month, the Gujarat government had decided to reverse its 2018 decision to amend the PPAs it signed with three producers - Tata Power, Adani Power and Essar Power - to raise the power tariffs in order to offset the rising cost of imported coal.

Tata Power is India’s largest integrated power company.