Introduction:
Tata Power has joined hands with Bhutan’s Druk Green Power Corporation to develop 5,000 MW of clean energy projects. This landmark partnership underscores their shared commitment to sustainable energy and strengthens Tata Power’s leadership in advancing renewable energy initiatives across South Asia.
Share Price movement of Tata Power Company Ltd:
On November 19, 2024, Tata Power Ltd opened at ₹406.25, marking a 0.45% decrease from its previous close of ₹408.10. The stock reached an intraday high of ₹417.80 and a low of ₹406.25, reflecting steady trading activity and closing the session at ₹404.70, with a marginal decrease of 0.62%.
The market capitalization stands at ₹1,30,114.23 crore, indicating consistent investor interest in the company.
Tata Power Company Partners Druk for Clean Energy:
Tata Power has partnered with Bhutan’s Druk Green Power Corporation Limited to develop 5,000 MW of clean energy projects, marking a significant regional collaboration. This initiative highlights a shared commitment to sustainable energy solutions and reinforces Tata Power’s role in advancing renewable energy in South Asia.
This announcement is intended for reference and records only and does not constitute a disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The partnership showcases the alignment of strategic goals between the two entities in fostering regional clean energy initiatives.
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Recent news About Tata Power Company Ltd:
On October 30, 2024, Tata Power reported a net profit of ₹9.27 billion for the second quarter, below analysts’ expectations of ₹9.82 billion. This decline was attributed to reduced electricity demand during the cooler monsoon season.
Additionally, the company announced a significant ₹56.66 billion investment in a 1,000 MW pumped storage hydro project in Maharashtra, showcasing its ongoing commitment to expanding renewable energy capacity and addressing future energy needs.
Stock performance of Tata Power Company Ltd for Period of 1 week, 6 months and 1 year:
Tata Power Company showcased a 2.19% gain over the past week. However, the stock experienced a decline of -8.74% over six months, while delivering a robust 55.4% return over the past year, highlighting mixed performance across different investment periods.
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Shareholding pattern of Tata Power Company Ltd:
| Summary | Sep-24 | Jun-24 | Mar-24 |
| Promoter | 46.90% | 46.90% | 46.90% |
| FII | 9.20% | 9.50% | 9.40% |
| DII | 17.00% | 15.80% | 15.80% |
| Public | 27.00% | 27.80% | 27.90% |
About Tata Power Company Ltd:
Tata Power Company Ltd (NSE: TATAPOWER) is a leading integrated power utility in India, specialising in power generation, transmission, and renewable energy. With a focus on innovation and sustainability, it plays a pivotal role in advancing clean energy solutions and meeting the nation’s energy demands.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
