Tata Power gains after winning order from BSF for thermal imaging systems

Tata Power Company rose 4.41% to Rs 73.25 at 10:10 IST on BSE after the company said that its strategic engineering division received an order from the Border Security Force, Ministry of Home Affairs, Government of India.

The announcement was made after market hours yesterday, 2 May 2016.

Meanwhile, the S&P BSE Sensex was up 213.29 points or 0.83% at 25,647.78.

On BSE, so far 2.61 lakh shares were traded in the counter, compared with an average volume of 6.76 lakh shares in the past one quarter. The stock hit a high of Rs 73.25 and a low of Rs 71 so far during the day. The stock hit a 52-week high of Rs 79.80 on 20 May 2015. The stock hit a 52-week low of Rs 55 on 12 February 2016. The stock had outperformed the market over the past one month till 2 May 2016, rising 7.59% compared with 0.66% gains in the Sensex. The scrip also outperformed the market in past one quarter, gaining 19% as against Sensex's 3.66% gains.

The large-cap company has an equity capital of Rs 270.46 crore. Face value per share is Re 1.

Tata Power Company said that its strategic engineering division, Tata Power SED received an order from the Border Security Force (BSF), Ministry of Home Affairs, Government of India for the supply of Rajak TBC DN-1, its indigenously developed hand held thermal imaging systems (HHTI) (cooled version). Tata Power SED's Rajak TBC DN-1 is an advanced hand held thermal imager meant for long range day/night surveillance application. BSF is one of the premier forces of India using HHTIs for border surveillance and has selected through a global tender Tata Power SED's Rajak TBC DN-1 multi-function thermal imager after extensive field trials.

Tata Power Company's consolidated net profit fell 87.6% to Rs 24.46 crore on 8.9% rise in net sales to Rs 9230.47 crore in Q3 December 2015 over Q3 December 2014.

Tata Power Company is India's largest integrated power company with a significant international presence. The company has presence in all the segments of the power sector viz generation (thermal, hydro, solar and wind), transmission, distribution and trading.

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