The company aims at raising Rs 3,000 crore from divestment of assets in 2020-21, despite the disruption caused by Covid-19 pandemic in the global economy Mumbai: Tata Power Company hopes to raise about Rs 3,000 crore from divestment of non-core operations and restructuring the renewable energy business with an aim to cut debt by at […]
Tata Power looking at expanding EV charging stations network to 700 by March 2021
The company said in a statement it expects to make its mark in the fast-emerging EV segment by creating a national network of charging infrastructure. New Delhi: Private power generator Tata Power today announced it is looking at ramping up investments to expand its network of Electric Vehicle (EV) charging stations to 700 by the […]
Tough market conditions threaten Tata Power’s aggressive debt reduction plan
A large part of the ₹23,000 crore debt reduction is contingent on restructuring of the renewable energy projects portfolio According to analysts the company is looking to raise funds through stake sale or infrastructure investment trust For a company stuck with unviable power off-take contracts and heavy debt, one way to improve returns is to rework […]
Tata Power arm TPIPL acquires 10% equity in ABV; total stake rises to 50%
The 10 per cent stake acquisition has increased TPIPL’s shareholding in ABV to 50 per cent. NEW DELHI: Tata Power on Wednesday said its arm Tata Power International Pte Ltd (TPIPL) has acquired 10 per cent stake in Adjaristsqali Netherlands BV (ABV) from the International Finance Corporation (IFC) for USD 150,000 (about Rs 1.13 crore). […]
Tata Power shares surge 7 pc on 2-fold jump in Q4 profit
Tata Power on Tuesday posted a two-fold jump in its consolidated net profit to Rs 475 crore in the January-March quarter compared to the year-ago period New Delhi: Shares of Tata Power on Wednesday rallied 7 per cent after the company posted a two-fold rise in its consolidated net profit for the January-March quarter compared […]
Tata Power posts over two-fold jump in Q4 net to Rs 475 crore
The company’s consolidated net profit was Rs 172 crore in the quarter ended on March 31, 2019 New Delhi: Tata Power on Tuesday posted a two-fold jump in its consolidated net profit to Rs 475 crore in the January-March quarter compared to the year-ago period. The company’s consolidated net profit was Rs 172 crore in […]
Tata Power SED bags Rs 1,200 crore contract from Ministry of Defence
Tata Power is in the process of selling its defence business (Tata Power SED) to Tata Advanced Systems Ltd (TASL) through a scheme of arrangement. The transfer of the business to TASL is already approved by the National Company Law Tribunal Mumbai: Tata Power Strategic Engineering Division (Tata Power SED) on Monday announced the signing […]
Rebates, prizes for power consumers to promote self meter reading
BSES discoms BYPL and BRPL supply power in the city barring north and north west Delhi areas that are covered by the Tata Power Delhi Distribution Limited(TPDDL) New Delhi: Power discoms in Delhi have announced rebates and prizes for consumers to promote self meter reading and timely payment of electricity bills during the COVID-19 lockdown. […]
COVID-19: Labour migration to pose short-term challenges for power, renewable energy sectors
The exodus of migrant labourers from major metro cities has given rise to a shortage of non-technical workers working in the energy industry and even if the government opts for a staggered lifting of the lockdown, the process of remobilisation would pose challenges for companies New Delhi: The COVID-19 pandemic has pushed the country under […]
COVID-19: States taking economic package must not act biased against RE, says Tata Power CEO Praveer Sinha
He said that this is an opportunity to move away from high carbon businesses in order to reduce emissions and move to sustainable energy New Delhi: The government should encourage renewables and ensure that states taking the economic stimulus package to minimise the impact of COVID-19 are not biased against renewable energy (RE) projects, according […]