Tata Power surges on inking PPA for 676.69 MW of energy

Tata Power surges on inking PPA for 676.69 MW of energy

by admin- Friday, March 29th, 2019 04:21:15 PM

Tata Power Company is currently buying and selling at Rs. 72.40, up by 1.00 points or 1.40% from its previous ultimate of Rs. 71.Forty on the BSE.

The scrip opened at Rs. Seventy two.Forty and has touched a high and coffee of Rs. Seventy two.55 and Rs. 72.10 respectively. So some distance 28422 stocks were traded on the counter.

The BSE group ‘A’ stock of face fee Rs. 1 has touched a fifty two week high of Rs. 89.50 on 02-May-2018 and a 52 week low of Rs. Fifty nine.90 on 09-Oct-2018.

Last one week excessive and occasional of the scrip stood at Rs. 73.10 and Rs. 70.70 respectively. The cutting-edge marketplace cap of the employer is Rs. 19312.08 crore.

The promoters keeping in the company stood at 33.00%, at the same time as Institutions and Non-Institutions held 51.Eighty five% and 15.08% respectively.

Tata Power Company has signed the Power Purchase Agreement (PPA) with Brihanmumbai Electric Supply and Transport Undertaking, for 676.Sixty nine MW of electricity provided from its Trombay Thermal and hydro vegetation, for a period of five years from April 01, 2019 to March 31, 2024.

Also, a PPA turned into signed by Distribution Business of Tata Power with its era arm for seven hundred MW to be furnished from its Trombay Thermal and hydro flowers, for a length of 5 years from April 01, 2019 to March 31, 2024.

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