Tata Power surges on synchronizing Unit 3 of 800MW capacity of Mundra UMPP

Tata Power is currently trading at Rs. 102.30, up by 0.85 points or 0.84% from its previous closing of Rs. 101.45 on the BSE.

The scrip opened at Rs. 101.30 and has touched a high and low of Rs. 104.00 and Rs. 101.30 respectively. So far 3, 72,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 121.50 on 21-Feb-2012 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. 107.50 and Rs. 101.10 respectively. The current market cap of the company is Rs. 24,276 crore.

The promoters holding in the company stood at 31.75% while Institutions and Non-Institutions held 48.52% and 16.51% respectively.

Tata Power, India’s largest integrated power utility, through its wholly owned subsidiary Coastal Gujarat Power (CGPL), has synchronized 800 MW sized Unit 3 of the country’s first ultra mega power project (UMPP) located in Mundra at Gujarat.

With this, the total power generation capacity of the company stands at 6,899MW, reinforcing its position as the largest private power producer in India. The company had earlier commissioned Unit 1 of Mundra UMPP in March 2012 and Unit 2 in July 2012.

With synchronization of Unit 3, the thermal power generation capacity of Tata Power stands at 6,047MW and the generation through clean sources such as hydro, wind and solar stands at 852MW.

Tata Power has a strong portfolio of wind power comprising of 376.4 MW of installed wind generating capacity, which makes it one of the largest renewable players in India. The wind farms of the company are spread across four states, viz. Maharashtra, Tamil Nadu, Gujarat and Karnataka.