The announcement was made during market hours today, 24 August 2017.

Meanwhile, the S&P BSE Sensex was up 34.06 points, or 0.11% to 31,602.07.

On the BSE, 2.97 lakh shares were traded in the counter so far, compared with average daily volumes of 2.6 lakh shares in the past one quarter. The stock had hit a high of Rs 80.85 and a low of Rs 79.10 so far during the day. The stock had hit a 52-week high of Rs 91.25 on 3 April 2017. The stock had hit a 52-week low of Rs 67.10 on 9 November 2016.

The stock had dropped 4.07% in five sessions to Rs 78.80 yesterday, 23 August 2017, from a close of Rs 82.15 on 16 August 2017.

The stock had underperformed the market over the past one month till 23 August 2017, falling 5.4% compared with 1.44% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 1.93% as against Sensex's 3.96% rise. The scrip had also underperformed the market in past one year, gaining 5.42% as against Sensex's 12.78% rise.

The large-cap company has equity capital of Rs 270.48 crore. Face value per share is Re 1.

Tata Power's solar business, Tata Power Solar, India's largest integrated solar company, announced that the company has witnessed an increase in its net sales by 52% to touch a new height of Rs 2262 crore in the year ended 31 March 2017 (FY 2017) over FY 2016. The company increased its revenue by more than two and a half times in just two years. The profit after tax also increased by 330% during FY 2017, a remarkable achievement considering the fact that solar engineering, procurement and construction (EPC) is extremely low margin and the pressures faced by the domestic manufacturing sector.

A key strategy that drove this change was shifting from product focus to service focus (EPC). Up until 2012-13, Tata Power Solar core business was manufacturing with a sizable focus on lighting products and some share of thermal products. Subsequently the company significantly increased focus on EPC, where it had built strong competencies, in a short span of time. The company became a strong contender in the utility as well as rooftop space and today Tata Power Solar is the leader in EPC for large utility projects. It has also been the biggest rooftop player for 4 years in a row.

Tata Power Solar, in-line with Government's 'Make in India' initiative, made significant expansion and modernization of its cell and module facility in Bengaluru. The second expansion within 2 years doubled the company's module capacity to 400 megawatts (MW), and increased its cell manufacturing capacity to 300 MW. The efficiency level of the cells and modules coming out of these lines are among the best in the world, company added.

Tata Power Company's consolidated net profit jumped 125.9% to Rs 163.78 crore on 1.9% rise in net sales to Rs 6968.62 crore in Q1 June 2017 over Q1 June 2016.

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

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The announcement was made during market hours today, 22 August 2017.

Meanwhile, the S&P BSE Sensex was up 103.79 points, or 0.33% to 31,362.64.

On the BSE, 1.06 lakh shares were traded in the counter so far, compared with average daily volumes of 2.66 lakh shares in the past one quarter. The stock had hit a high of Rs 81.35 and a low of Rs 79.80 so far during the day. The stock had hit a 52-week high of Rs 91.25 on 3 April 2017. The stock had hit a 52-week low of Rs 67.10 on 9 November 2016.

The stock had dropped 2.49% in three sessions to settle at Rs 80.10 yesterday, 21 August 2017, from a close of Rs 82.15 on 16 August 2017.

The stock had underperformed the market over the past one month till 21 August 2017, falling 3.84% compared with 2.4% decline in the Sensex. The scrip had also underperformed the market in past one quarter, declining 4.87% as against Sensex's 2.61% rise. The scrip had also underperformed the market in past one year, gaining 2.76% as against Sensex's 11.33% rise.

The large-cap company has equity capital of Rs 270.48 crore. Face value per share is Re 1.

Tata Power Company through Adjaristsqali Georgia LLC (AGL), its joint venture with Norway's Clean Energy Invest AS Norway (Clean Energy) and IFC InfraVentures (IFC), a member of the World Bank group announced the synchronization of its 186 megawatts (MW) Shuakhevi Hydro Power Project (HPP) in record time.

Further, Tata Power has commenced stabilization procedures to ensure smooth operations. The construction of the plant started in the fall of 2013 and has been synchronized on the 1st and 2nd of August 2017, in a record time of less than four years.

Shuakhevi HPP is the largest hydropower plant to be built in Georgia over the past 50 years, and its project investment cost exceeded $420 million.

Around 730 Georgian citizens were employed in the plant construction. The project will significantly contribute to Georgia's path toward energy independence. The power generated by the project will be exclusively sold within Georgia throughout the winter, which is a period of energy deficit.

Shuakhevi HPP is the first hydropower project in Georgia to have been certified by the UN Framework Convention on Climate Change to reduce carbon emissions. It will generate about 470 gigawatt hours (GWh) of clean energy while lowering greenhouse gases emissions by more than 2 lakh tonnes per year.

Tata Power Company's consolidated net profit jumped 125.9% to Rs 163.78 crore on 1.9% rise in net sales to Rs 6968.62 crore in Q1 June 2017 over Q1 June 2016.

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

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Tata Power Company through its subsidiary Adjaristsqali Georgia LLC, its joint venture with Norway's Clean Energy Invest AS Norway (Clean Energy) and IFC InfraVentures (IFC), a member of the World Bank group, announced the synchronisation of its 186 MW Shuakhevi Hydro Power Project in record time. Further, Tata Power has commenced stabilisation procedures to ensure smooth operations. The construction of the plant started in the fall of 2013 and has been synchronised on 01 and 02 August 2017, in a record time of less than four years.

Shuakhevi HPP is the largest hydropower plant to be build in Georgia over the past 50 years, and the project investment cost exceeded USD 420 million.

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Tata Power Company has installed its first Electric Vehicle Charging Station at Tata Power Receiving Station at Vikhroli, Mumbai. The Company plans to set up charging stations at various locations in Mumbai and is already in discussion with various stakeholders.

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