Tata Power market-cap crosses Rs 50,000cr mark; stock up 4% at new high

The company aims to scale up its renewable energy portfolio from current 4GW to 15GW by 2025 and 25GW by 2030 thereby achieving 80 per cent clean generation capacity, up from the current 31 per cent

Shares of Tata Power Company continued to climb higher, hitting a new high at Rs 165 after 13 years, up 4 per cent on the BSE in Friday’s intra-day trade, on improved outlook. The stock of Tata Group electric utilities company was trading higher for the fourth straight day and has rallied 19 per cent during the period. The previous record high was Rs 158 recorded on January 4, 2008.

In the process, Tata Power’s market capitalisation (market-cap) has crossed Rs 50,000 crore mark. At 02:40 pm; Tata Power was trading 3.5 per cent higher at Rs 164.35, with