Tata Power zooms as its arm installs over 1,400 EV chargers in Delhi – NCR

Tata Power Company is currently trading at Rs. 214.85, up by 2.90 points or 1.37% from its previous closing of Rs. 211.95 on the BSE.

The scrip opened at Rs. 214.95 and has touched a high and low of Rs. 216.10 and Rs. 212.90 respectively. So far 1506481 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 269.70 on 19-Oct-2021 and a 52 week low of Rs. 66.70 on 22-Dec-2020.

Last one week high and low of the scrip stood at Rs. 230.15 and Rs. 202.80 respectively. The current market cap of the company is Rs. 68827.61 crore.

The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 31.50% and 21.63% respectively.

Tata Power Company’s subsidiary company — Tata Power Delhi Distribution (TPDDL) has boosted charging infrastructure by installing over 1,400 chargers in Delhi and neighbouring towns in the national capital region (NCR). The company is also working with the North Delhi Municipal Corporation for installing 50 EV chargers at parking slots and marketplaces under jursidction of the civic body in coming four-five months.

Additionally, TPDDL is working on OPEX (operating expenses) model where it installs EV chargers at public or private land. Under the model, installation, operations and maintenance is done by TATA Power and lease amount is paid to the land owner in the form of actual unit consumption of charger. Every charging station offers charging services to all segments of EV vehicles, the only thing that differentiates them is the type of charging configuration. The charging configuration is primarily deployed as per the nearby traffic movement and business potential.

Tata Power Company is India’s largest integrated power company.

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