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Plus Company Updates(PCU)
March 16, 2017 Thursday
294 words
Tata power gains with arm expanding manufacturing facility in Bengaluru
New York

Mumbai: Ramesh Kumar Global financial broking firm has issued the following news release:
Tata power is currently trading at Rs. 85.45, up by 0.65 points or 0.77% from its previous closing of Rs. 84.80 on the BSE.

The scrip opened at Rs. 85.25 and has touched a high and low of Rs. 86.15 and Rs. 85.25 respectively. So far 1,25,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 86.15 on 16-Mar-2017 and a 52 week low of Rs. 58.00 on 18-Mar-2016.

Last one week high and low of the scrip stood at Rs. 86.15 and Rs. 81.30 respectively. The current market cap of the company is Rs. 23,112.00 crore.

The promoters holding in the company stood at 33.02%, while Institutions and Non-Institutions held 50.52% and 16.45% respectively.

Tata Power Solar Systems, 100% subsidiary of Tata Power, has expanded and modernised its cell and module manufacturing facility in Bengaluru. The two-stage expansion doubled the company's module capacity to 400 MW from 200 MW and increased its cell manufacturing capacity by 65 per cent from 180 MW to 300 MW.

Tata Power Solar, as part of this process, modernised and fully automated its entire manufacturing facility. The company was also able to ramp-up to full capacity in record time, significantly better than global benchmarks, owing to its highly skilled and trained team and also improve efficiency of its modules.

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.
March 17, 2017
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