/ Tata Power Gains With Arm Entering Into PPA With GE To Provide Solar Rooftop Solutions ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 14 June 2018

Tata Power Company is currently trading at Rs. 77.50, up by 0.50 points or 0.65% from its previous closing of Rs. 77.00 on the BSE.The scrip opened at Rs. 77.95 and has touched a high and low of Rs. 77.95 and Rs. 77.20 respectively. So far 59417 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 101.75 on 05-Jan-2018 and a 52 week low of Rs. 75.15 on 24-May-2018.

Last one week high and low of the scrip stood at Rs. 80.30 and Rs. 76.80 respectively. The current market cap of the company is Rs. 20826.76 crore.

The promoters holding in the company stood at 33.02%, while Institutions and Non-Institutions held 51.75% and 15.23% respectively.

Tata Power's wholly-owned subsidiary --Tata Power Renewable Energy (TPREL) has entered into a Power Purchase Agreement (PPA) with GE to provide solar rooftop solutions for six manufacturing and services sites in India. Tata Power will install solar rooftop projects at manufacturing sites located at Durgapur in West Bengal, Pallavaram and Hosur in Tamil Nadu, multi-modal manufacturing site at Pune and upcoming factory at Marhowra in Bihar and maintenance facility at Roza in Uttar Pradesh. The project would be executed on build-own-operate basis.

The installation of the solar rooftop projects will help to generate over 1 million kWh of electricity per year and will lead to an average tariff reduction of around 30 percent. GE will also be able to curb the emission of over 13,000 kg of carbon dioxide per day.

Tata Power is India’s largest integrated power company with a growing international presence. The company together with its subsidiaries and jointly controlled entities has presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.

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