Tata Power on October 29,2018, said for the stock price of Tata Power its Board has endorsed plan to raise up to Rs 5,500 crore through issuance of non-convertible debentures (NCDs) on a private placement premise. Tata Power Company Ltd. joined in the year 1919, is a Large Cap organization (having a market top of Rs 20961.99 Crore) working in Power division.
“The consent of the company be and is hereby accorded to the board of directors…to subscribe to cumulative/non-cumulative, listed or unlisted, redeemable non-convertible debentures (NCDs)…aggregating to an amount not exceeding Rs 5,500 crore or its equivalent in one or more currencies on private placement basis, in one or more series/tranches,” Tata Power said in a documenting to BSE.
Tata Power Company Ltd. scratch Products/Revenue Segments incorporate Power Supply which contributed Rs 5416.85 Crore to Sales Value (75.04 percent of Total Sales), Project Management Fees which contributed Rs 1040.38 Crore to Sales Value (14.41 percent of Total Sales), Electronic (Products) which contributed Rs 541.63 Crore to Sales Value (7.50 percent of Total Sales), Other Operating Revenue which contributed Rs 207.94 Crore to Sales Value (2.88 percent of Total Sales), Carbon Credit which contributed Rs 9.47 Crore to Sales Value (0.13 percent of Total Sales) and Fly Ash which contributed Rs 1.79 Crore to Sales Value (0.02 percent of Total Sales)for the year finishing 31-Mar-2017.
For the quarter finished 30-09-2018, the organization has revealed a Consolidated shares of Rs 7332.58 Crore, up .26 percent from last quarter Sales of Rs 7313.41 Crore and down – 3.53 percent from a year ago same quarter Sales of Rs 7601.07 Crore Company has detailed net benefit after the expense of Rs – 39.45 Crore in most recent quarter.
The stock price of Tata Power would likewise look for investors’ nod for the arrangement of Praveer Sinha as its CEO and Managing Director, according to the report of BTVI.
Shares of Tata Power settled 12.40 percent higher at Rs 77.50 each on BSE.
The recording said for rising in stock price of Tata Power, “The ninety-ninth yearly broad gathering of the Tata Power will be hung on October 26, 2018, the 27th day of July 2018”, according to the report of The Economic Times.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]