With the summer heat pushing the capital’s peak power demand to this season’s highest of 6,011 MW on Wednesday, Tata Power Delhi Distribution Ltd (TPDDL) said it successfully met the demand of 1,690 MW in its jurisdiction without any network constraint. TPDDL, which supplies electricity to north and northwest parts of Delhi, said in a […]
Tata Power Renewable Energy wins Gujarat solar auction
Tata Power and state-owned Gujarat Industries Power Company Ltd (GIPCL) were the only bidders who bid for 250MW and 50MW respectively at a tariff of Rs 2.75 per unit. India’s largest generator Tata Power’s subsidiary, Tata PowerNSE 0.70 % Renewable Energy Ltd, emerged winner in an auction conducted by Gujarat for 1000 MW of projects […]
Talettutayi Solar emerges lowest bidder in auction with Rs 2.87/unit tariff
Talettutayi Solar Projects Three Private Ltd has emerged as the lowest bidder in an auction conducted by Solar Energy Corporation of India, quoting a tariff of Rs 2.87 per unit on Tuesday. “Out of the 250 MW solar energy projects on the block, Talettutayi Solar bagged 50 MW at a tariff of Rs 2.87 per […]
Tata Power and MGL join hands to foray into e-mobility and other services
The MoU was signed by Sanjib Datta, MD, MGL, and Praveer Sinha, CEO & MD of Tata Power, in Mumbai. MGL is currently the sole authorized distributor of CNG and PNG in Mumbai Mumbai: Tata Power, India’s largest integrated power utility, and city gas distribution company Mahanagar Gas Limited (MGL), have signed a Memorandum of […]
Tata Power has major growth plans in the renewables segment, says CEO
The company is going ahead with plans to divest international assets in South Africa and Zambia. Final approval from CERC for Mundra PPA modification is expected over the next few months. Tata Power has major plans for expansion in the renewables segment and the company is looking at 6-10 times growth in the next 5-6 […]
Tata Power Q4 net drops 92% to ₹107.32 crore
For the full year, the company reported net profit of ₹2440.41, falling 6.5% year-on-year Consolidated revenue had risen marginally by 10% to ₹29,558.64 crore NEW DELHI: Tata Power’s consolidated net profit for the March 2019 quarter fell 92% to ₹107.32 crore, compared to ₹1364.33 crore in the year-ago period. The March 2018 quarter had been boosted by […]
TATA POWER ANNOUNCES FY2018-19 RESULTS
TATA POWER ANNOUNCES FY2018-19 RESULTS ANNUAL CONSOLIDATED PAT STOOD AT ₹2,440 CRORE; Q4 CONSOLIDATED EBITDA UP BY 35% MAINLY DRIVEN BY BETTER COAL BLENDING & RENEWABLE BUSINESS; 200 MW OF RENEWABLE CAPACITY ADDED IN FY19; RECOMMENDS DIVIDEND OF ₹1.30 PER SHARE. Board recommends a Dividend of ₹1.30 per share, same as last year. FY19 Q4 […]
Essel Group in talks with Adani, CPPIB, Engie for sale of solar assets
Essel Group is once again in market to sell its 685-MW solar power portfolio, this time on a piecemeal basis. The company is said to be in talks with Adani Power, Canadian Pension Plan Investment Board (CPPIB) after Actis Energy’s discussion to purchase the entire portfolio hit a valuation hurdle, people close to the development […]
Tata Power to create renewables-based future: IEEFA
India’s largest private integrated power company — Tata Power — recently made it publicly clear that it will cease building new coal-fired power capacity, a report by US-based Institute for Energy Economics and Financial Analysis (IEEFA) said on Tuesday. The report, “Tata Power: Renewables to Power Growth”, highlights the company’s long-term strategy that will see […]
Ministries, PSUs, power firms gear up to charge India’s electric vehicles
Significant investment is being mobilised by public and private sectors to manufacture and install electric vehicle supply equipment (EVSE) infrastructure across India At least half-a-dozen public sector firms, the railways and various ministries are in the process of creating infrastructure and manufacturing components for electric vehicles (EVs). By one estimate, the size of the EV […]