Company's debt-equity ratio seen falling to 1.96 by FY21
For its June 2019-ended quarter, Tata Power reported an exceptional expense of Rs 328.97 crore as standby provision
Tata Power, through its subsidiaries, holds 30 per cent stake in PT Kaltim Prima Coal and a 26 per cent stake in PT Baramulti Suksessarana Tbk mines in Indonesia
The companies on Friday inaugurated seven charging stations in Pune
Over the next two months, they plan to install 45 more chargers across other four cities
Total income during Q1 rose to Rs 7,874.64 crore from Rs 7,404.97 crore in the year-ago quarter
We will divest all non-core assets. If debt is not able to be serviced, we will have a problem, he said
We are eyeing growth in emerging areas prevailing in European and American countries, says Sinha
The move will also help Embassy Office Park REIT
The NCDs will carry a coupon rate of 9.15 per cent, payable annually. The debt obligations of CGPL under the NCDs are guaranteed by the company, Tata Power said in a BSE filing
In a Q&A, Sanjay Banga dwells on the steps his company has taken to improve billing even as it has surplus power tied up
Total income of the company in the fourth quarter was Rs 7,416.89 crore compared to Rs 7,281.02 crore a year ago
Tata Power's debt laden and stranded power asset at Mundra (Gujarat) is viewed as the trigger for the company to abjure fresh coal-fired capacities
Amid large scale stressed energy assets on block, the order can set pan India precedent
The firm has strict terms on coal supply, PPAs and quality of assets, and is being cautious about green energy projects as well
Seven analysts on an average expected the company to post a profit of Rs 3.95 billion
It would also to partner other entities, such as malls, metro rail stations, hospitals, hotels, etc, beside own franchisees
The renewable portfolio is expanding, we keep on bidding regularly, said the CEO
Tata Power said its board has also approved plan to raise up to Rs 55 billion through issuance of NCDs on a private placement basis
The company expects the refinancing will help reschedule the cash requirements, pare the effective interest cost and reduce foreign exchange related volatility for the Mundra subsidiary