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Wednesday, August 12, 2020

TATA Power

TATA POWER NEWS

Tata Power seeks shareholders' nod to raise Rs 2,600 crore from Tata Sons

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.

Tata Power plans to have 700 EV charging stations by 2021

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.

Tata Power wins distribution licence for 5 circles in Odisha

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.

Tata Power Q4 profit drops 92% to Rs 107.32 crore

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. 

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

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.

Tata Power okays sale of defence biz to Tata Sons

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.

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

February 15, 2018 3:11 am

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

Tata Power shares up nearly 4 percent after first quarterly earnings

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.

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

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.

Tata Power proposes tariff hike

November 24, 2017 1:55 pm

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.