TATA POWER PRONOUNCE THE LAUNCH OF LIVE PEER-TO-PEER SOLAR ENERGY TRADING PROJECT

Tata Power Delhi Distribution and Australian tech firm Power Ledger announced the launch of the first live peer-to-peer solar energy trading project in Delhi.

Tata Power DDL and Power Ledger in collaboration with India Smart Grid Forum (ISGF) have rolled out live peer-to-peer (P2P) solar energy trading, a first-of-its-kind pilot project in Delhi. TPDDL is a power distribution utility serving a population of over 7 million in Delhi.

The company has raised Rs.9,000 crore through issuance of non-convertible debentures (NCDs) on a private placement basis.

The stock was trading at Rs.104.60,up by 4.25 points or 4.24% which was opened at Rs.104.60 as against the previous close of Rs.100.35 on NSE. It touched intraday high of Rs.105.20 and low of 102.50.The Company has added around 19% in last one month.