Tata Power inches up as its arm gets LoA from Solar Energy Corporation of India

Tata Power Company is currently trading at Rs. 222.25, up by 1.40 points or 0.63% from its previous closing of Rs. 220.85 on the BSE.

The scrip opened at Rs. 223.00 and has touched a high and low of Rs. 223.25 and Rs. 221.40 respectively. So far 111757 shares were traded on the counter.

tata power soars on raising rs 1500 crore through ncds
tata power soars on raising rs 1500 crore through ncds

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 298.00 on 07-Apr-2022 and a 52 week low of Rs. 118.40 on 28-Jul-2021.

Last one week high and low of the scrip stood at Rs. 224.20 and Rs. 214.80 respectively. The current market cap of the company is Rs. 70569.07 crore.

The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 27.03% and 26.11% respectively.

Tata Power Company’s wholly owned subsidiary — TP Saurya (TPSL) has received the ‘Letter of Award’ (LoA) from Solar Energy Corporation of India (SECI) for setting up a 600 MW hybrid (wind and solar) power project in Karnataka. The letter was awarded through tariff-based competitive bidding followed by an e-Reverse auction.

The project will be commissioned within 24 months from the PPA execution date.

Tata Power Company is India’s largest integrated power company.

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