The company laid a total network of 602 km and commissioned six distribution and 85 consumer sub-stations in Mumbai during the year, a Tata Power release said.
Private utility Tata Power today said it has invested over Rs 300 crore in FY2013-14 to strengthen distribution network in the metropolis.
The company laid a total network of 602 km and commissioned six distribution and 85 consumer sub-stations in Mumbai during the year, a Tata Power release said.
"In line with our network development strategy, we plan to further strengthen the backbone infrastructure of the city to cater to our growing consumer base. We plan to set up additional 30 distribution sub-stations of which 17 are to be commissioned in the next five years and the remaining 13 post FY'19," Tata Power Executive Director Ashok Sethi said.
The private power firm has five lakh consumers in Mumbai as on April 30.
Tata Power stock price
On May 19, 2014, Tata Power Company closed at Rs 97.80, up Rs 7.20, or 7.95 percent. The 52-week high of the share was Rs 98.60 and the 52-week low was Rs 68.25.
The company's trailing 12-month (TTM) EPS was at Rs 3.96 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 24.7. The latest book value of the company is Rs 52.69 per share. At current value, the price-to-book value of the company is 1.86.
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