Tata Power Company is currently trading at Rs. 444.00, marking an increase of 21.60 points or 5.11% from its previous close of Rs. 422.40 on the BSE.
The stock opened at Rs. 431.25 and reached a high of Rs. 446.20 and a low of Rs. 430.00 during the day. A total of 1,583,868 shares have been traded so far.
The BSE group 'A' stock with a face value of Rs. 1 hit a 52-week high of Rs. 464.30 on 03-May-2024 and a 52-week low of Rs. 220.00 on 28-Jul-2023.
Over the past week, the stock's high and low were Rs. 446.20 and Rs. 400.00, respectively. The company's current market capitalization stands at Rs. 141,777.22 crore.
The promoters hold 46.86% of the company, while institutions and non-institutions hold 25.32% and 27.80%, respectively.
Tata Power Renewable Energy's (TPREL) wholly-owned subsidiary, Tata Power Solar Systems (TPSSL), has formed a strategic partnership with Bank of India (BOI) to provide easy financing for rooftop solar installations and the establishment of electric vehicle (EV) charging stations.
This collaboration marks a significant achievement for Tata Power Solar, making it the first solar company to team up with BOI for both solar and EV charging station financing. It underscores Tata Power's leadership in green energy solutions and aligns with the government's initiatives to promote rooftop solar installations. The partnership aims to benefit a broad range of customers, including residential users under the PM Surya Ghar Yojana, housing societies, and Micro, Small, and Medium Enterprises (MSMEs). By offering customized financing solutions, the collaboration will help make sustainable energy adoption more accessible and affordable.
Tata Power Company is India's largest integrated power company.