Tata Power commissions 450-MW hydropower capacity in 100th year

Tata Power on Wednesday culminated the company's centennial celebrations with the commissioning of 450-megawatts (MW) of hydropower capacity.

"The company, having successfully served the nation for over 100 years, achieved yet another milestone: the 450-MW of hydropower has been successfully commissioned in the centenary year," the company said in press release.

Tata Power’s Centenary Year celebrations culminate with renewed commitment to Nation Building. #TPInvisibleGoodness #News

— Tata Power (@TataPower) February 10, 2016

It further said that Tata Power will now aspire to add up to 40% generation capacity through non-fossil options to its incremental portfolio.

Cyrus Mistry, Chairman, Tata Group, commented, "It is a matter of great pride to all of us that Tata Power has completed 100 years of operations... I am sure that Tata Power will continue to set standards in the coming decades. I wish Tata Power all the very best in the next century."  

On Wednesday, the stock of Tata Power closed up 0.17% or Rs 0.10 at Rs 59.30 on the BSE.