Tata Power sets two solar projects
Shital Jibhe / 12 Jan 2017
Tata Power Renewable Energy, India’s largest renewable energy company and a wholly owned subsidiary of Tata Power, has commissioned 36 MV wind capacity of 100 MW wind farm in Andhra Pradesh and a 49 MW solar plant in Tamil Naidu.
Tata Power Renewable Energy, India’s largest renewable energy company and a wholly owned subsidiary of Tata Power, has commissioned 36 MV wind capacity of 100 MW wind farm in Andhra Pradesh and a 49 MW solar plant in Tamil Naidu.
The stock of the company is having a jolly day on the streets as it is up by over 3 per cent. During past year, the stock gave a return of 19.03 per cent . The stock is trading with the P/E of 26.78. In past three years, the stock has fallen by 0.30 per cent on an annualised basis. During the same period, the midcap index has given a return of 24.18 per cent.
ICICI Prudential, SBI, Reliance Mutual are the top three fund houses which have made heavy investments in the stock of the company. Apart from these three, seven more fund houses have invested in the stock of the company.
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