Tata Power shares rise 7% on acquisition of 51% stake in TP Central Odisha Distribution
Updated : June 02, 2020 11:25 AM IST
The stock rose as much as 6.8 percent to Rs 42.25 per share on BSE.
Grid Corporation of Odisha (GRIDCO) will hold the remaining 49 percent stake in TPCODL.
For the quarter ended March 2020, Tata Power posted a two-fold jump in its consolidated net profit at Rs 475 crore.