December 05, 2020 1:19 am
Tata Power will own a 51 per cent stake in the discoms, while the remainder 49 per cent will be held by the government of Odisha.
July 07, 2020 3:39 pm
Earlier this month, Tata Power board approved a proposal to raise Rs 2,600 crore via issuance of preferential shares to Tata Sons.
February 17, 2020 5:04 pm
Tata Power has already installed 100 fast-charging stations in various cities, including Delhi, Mumbai, Bengaluru, Pune and Hyderabad, which it plans to take to 300 by March 2020.
December 24, 2019 4:54 am
Development comes around four years after licences of three privately-owned distribution companies in the state were cancelled due to their inability to improve their financial health.
May 03, 2019 3:25 am
Consolidated net profit for the March quarter fell 92 per cent y-o-y to Rs 107.32 crore as the largest private sector power utility made an exceptional gain from reversal of impairment charges on Mundra Power Plant and Indonesian coal mines a year ago.
September 18, 2018 1:16 am
The banks would have to reduce the debt of Tata Power Project and Adani Power project by Rs 4,240 crore and Rs 3,821 crore, respectively, according to the HPC.
March 30, 2018 2:56 am
Tata Power has been selling its non-core assets to reduce debt. On Monday, the company sold 58 crore shares in Panatone Finvest, a company that owns 30.1 per cent in Tata Communications, for Rs 2,150 crore.
February 15, 2018 3:11 am
Total expenses increase 9 per cent to Rs 7,183.84 crore for the quarter.
August 14, 2017 6:23 pm
Tata Power posted over two-fold jump in consolidated net profit to Rs 163.78 crore in the quarter ended June 30, 2017 mainly driven by strong performance from renewable and coal.
June 14, 2016 6:13 pm
Falling asset prices and competitive bidding for new power purchase agreements (PPAs) can however expose renewable energy assets to volatility of returns on investments, S&P said.