Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
19 September, 2018 18:55 IST
Tata Power gains on commencing work to set up Karnataka defence production unit
Source: IRIS | 09 Sep, 2015, 11.43AM
Comments  |  Post Comment

Tata Power Company, an integrated power company, witnessed a rise in share price on Wednesday after the company has begun building its Rs 4.50 billion defence production unit in the state of Karnataka.

The facility is the largest strategic electronics manufacturing unit approved under the MSIPS program of DeitY, Government of India. Also, the Government of Karnataka (GoK) has been approached for additional land adjacent to the present site at Vemagal under the GoK’s New Industrial policy.

Rahul Chaudhry, CEO, Tata Power (Q,N,C,F)* SED said, "For the last four decades Tata Power SED has focused on Indigenous Defence R&D and Manufacturing. The Vemagal investment is in line with the company's commitment towards the 'Make in India' initiative and the facility will be dedicated to the national effort of 'Swavalamban' in the strategic defence sector."

Shares of Tata Power Company are trading at Rs 59.25, up Rs 0.6, or 1.02% at the Bombay Stock Exchange (BSE) on Wednesday at 11:37 a.m.

Total volume of shares traded on the bourses today was lower by 60.97% to 1,124,449 compared with 22-day average volume of 2,880,993.

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Sector
Glenmark Pharma inducted into DJSI Emerging Market 2018 - 19-Sep-2018 12:09
Rites secures additional contract worth Rs 4.36 bn from Indian Railways - 19-Sep-2018 12:00
TVS Motor Co strengthens presence in Mexico - 19-Sep-2018 11:56
Himachal Futuristic Communications bags order worth Rs 6.11 bn - 19-Sep-2018 11:52
Tata Steel completes acquisition of Creative Port Development - 19-Sep-2018 11:48
SABIC acquires 24.99% stake in Clariant globally - 19-Sep-2018 11:45
Tata Power launches its VoiceBOT TINA - 19-Sep-2018 11:42
Sun Pharma gets European Commission nod for ILUMETRI - 18-Sep-2018 17:02
Indian Hume Pipe receives LoA for order worth Rs 2.21 bn - 18-Sep-2018 16:58
ICICI Prudential Life and Saraswat Co-operative Bank sign bancassurance partnership - 18-Sep-2018 16:51
Tata iQ selects TCS Jile to Drive Agile Transformation - 18-Sep-2018 16:48
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer