TATA Power

TATA Power News

Tata Power Q4 profit drops 92% to Rs 107.32 crore

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. 

Stressed Power Units: 'Banks have to take more than Rs 10K crore haircut'

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.

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Tata Power okays sale of defence biz to Tata Sons

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.

December quarter: Tata Power net falls 7 per cent, margins shrink 350 bps

Total expenses increase 9 per cent to Rs 7,183.84 crore for the quarter.

Tata Power proposes tariff hike

The company, which supplies electricity to about six lakh consumers in Mumbai, has sent a tariff petition to the Maharashtra Electricity Regulatory Commission (MERC), which will take a final call.

Tata Power shares up nearly 4 percent after first quarterly earnings

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.

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Renewable energy business high-growth area in India: S&P

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.

Tata Power proposes hike of 3-10% over 2014-15 tariff

It has proposed a reduction of about 8 percent in the approved tariff for consumers using more than 300 and 500 units.

‘High losses of discoms a question mark on viability of capacity addition in India’

The change in law in Indonesia led to a hike in imported coal tariffs of more than 150 per cent, which has affected all imported coal-based projects.

Honeywell Aerospace inks pact with Tata Power

Tata-Honeywell agreement has been announced during PM Narendra Modi's visit to the United States.

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