On a consolidated basis, Tata Power Company reported 1% rise in net profit to Rs 481 crore in Q4 FY21 from Rs 475 crore, due to saving in finance cost offset by exceptional gain in previous year. Revenue in Q4 FY21 stood at Rs 10,255 crore, up by 49% from Rs 6,881 crore in the […]
Tata Power’s Q4 Consolidated Net Profit Rises Marginally to Rs 481 Cr
Tata Power on Wednesday posted a marginal rise of one per cent in consolidated net profit at Rs 481.21 crore for March quarter 2020-21. It had clocked a net profit of Rs 474.70 crore in the year-ago period, the company said in a BSE filing. Total income rose to Rs 10,222.48 crore in the quarter […]
Making India Ready for Electric Vehicles: Top Companies Offering EV Charging Infrastructure
In addition to Ola Electric, there are many companies that aim to change the landscape of EV charging infrastructure in India. We list a few of them here. Ola Electric recently announced a massive charging network exclusively for electric two-wheelers called the Ola Hypercharger Network. The charging network is for its upcoming electric two-wheelers; the […]
Tata Power says it has made ‘no such decision’ on an IPO for its renewable energy business
Several media reports had claimed that the listed Tata Power is looking to separately list its renewable energy business. As per reports, Tata Power is looking to raise $473 million through the said IPO. However, in a regulatory filing on Monday morning, the company denied the same. Tata Power, a listed subsidiary of the Tata […]
Tata Power considering a $473-million IPO for its renewable energy unit
The power company is said to have abandoned earlier plans to seek a partner to invest in its green assets via an investment trust. Tata Power, controlled by Tata Group, is weighing an initial public offering for its renewable energy business that could raise about Rs 35 billion ($473 million), according to people familiar with […]
CSC, Tata Power to set up 10,000 solar micro grids in rural areas
The government’s e-governance services arm CSC on Thursday announced a collaboration with NSE 3.19 % to set up solarpowered micro grids and water pumps in rural areas across the country. To begin with, Tata Power has proposed to set up 10,000 micro grids to support rural consumers through Common Service Centres (CSCs). CSC e-Governance Services […]
Tata Power Rating: Buy; Primed for sustainable and clean growth
Sunrise segments pushing growth; huge scope to improve ESG rating given firm’s focus; TP raised to Rs 120; ‘Buy’ maintained. We hosted Dr. Praveer Sinha, MD & CEO, Tata Power (TPCL), at the Edelweiss ESG CXO e-Series. Key highlights: (i) Tata Power 2.0 is a mega transformation from legacy to new businesses to achieve decarbonisation […]
Tata Power reports outstanding borrowing of Rs 16,504.4 crore
The company said that “outstanding borrowing of the company as on March 31, 2021, (original maturity more than 1 year)” was Rs 16,504.41 crore. New Delhi: Tata Power on Thursday said its total outstanding borrowing stood at Rs 16,504.41 crore at the end of March 31. The company made the disclosure in a filing to […]
Tata Power Solar doubles manufacturing capacity of Cells & Modules to 1100 MW
It added that the expansion was a result of increased demand that the company saw for its solar modules New Delhi: Tata Power Solar, country’s largest integrated solar company and a wholly-owned subsidiary of Tata Power, on Wednesday said it has doubled its manufacturing capacity of cells and modules to 1,100 MW at its Bengaluru […]
Presentation on ev charging trends and roads ahead by Sandeep Bangia
Presentation on ev charging trends and roads ahead by Sandeep Bangia, Business Head EV Charging Ecosystem, Home Automation, ESCO, Tata Power EV charging business has been helped in large measured by Covid-19. EVs have successfully entered the national narrative. They are now a part of living room conversations. By the end of 2030, there might […]