Tata Power gains on signing MoU with Mahanagar Gas

Tata Power Company is currently trading at Rs. 62.70, up by 0.05 points or 0.08% from its previous closing of Rs. 62.65 on the BSE.

The scrip opened at Rs. 62.00 and has touched a high and low of Rs. 62.90 and Rs. 61.45 respectively. So far 258441 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 29-Oct-2018 and a 52 week low of Rs. 59.90 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 65.30 and Rs. 61.45 respectively. The current market cap of the company is Rs. 16985.98 crore.

The promoters holding in the company stood at 33.00%, while Institutions and Non-Institutions held 51.49% and 15.45% respectively.

Tata Power Company has signed a Memorandum of Understanding (MoU) with Mahanagar Gas (MGL) to explore synergies of operation in integrated customer services, foray into emerging e-mobility business and other value-added services of common interests.

The MoU facilitates both the companies to explore possibilities of co-operation in Common Utility Revenue Cycle Management and Customer Management Solutions, IT Solutions, Data Analytics, Geographical Information System (GIS) based solutions SCADA systems; Common safeguard activities for underground assets, solar rooftop initiatives and setting up of commercial-scale charging and/or battery swapping stations for electric vehicles, with the allied power management solutions.

Tata Power Company 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.

The post Tata Power gains on signing MoU with Mahanagar Gas appeared first on Udaipur News | Udaipur Latest News | udaipur local news.

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