Page 12 - Tata Power

Tata Power completes $770 million ECB refinancing for Mundra UMPP

Firm expects the refinancing to help reschedule cash requirements, pare effective interest cost apart and reduce forex-related volatility for Mundra subsidiary

Tata Power in transitory phase as non-operating income boosts profitability

Tata Power's net debt to equity ratio improved to 2.26 in the June quarter against 3.10 seen in the same period a year back

Tata Power Q1 profit crosses Rs 16 bn with a five-fold jump, tops estimates

The company sold investments in Tata Communications Ltd and Panatone Finvest Ltd, netting an exceptional gain of Rs 18.97 billion during the quarter

Tata Power to ramp up renewable capacity fourfold; plans $ 5 bn push

The company has said previously it expects as much as half of its capacity to be based on non-fossil fuels by 2025 compared to 30% now

Tata Power posts Q4 profit at Rs 15 bn, declares 130% dividend for FY18

For the 2017-18, the company's consolidated net profit stood at Rs 26.79 billion, against Rs 10.99 billion in the previous financial year

Tata Power gets the ball rolling on monetising non-core assets

This deals would, however, give Rs 43.85 bn against Tata Power's consolidated debt of Rs 489.82 bn

Tata Power sells defence business to Tata Sons' subsidiary for Rs 22.30 bn

SED is a non-core defence electronics division of the company, engaged in business of indigenous design, development, production, integration, supply and life cycle support of mission critical defence

Tata Power Q3 net profit marginally declines to Rs 6.11 billion

The company also reported deferred tax to the extent of Rs 2.72 bn on indexation benefit

Tata Power gets mining license project in Russia worth $4.7 mn

To use mined coal for Mundra, Trombay power plants

All-round recovery for Tata Power may take a while

About a year back, when Tata Power acquired the business of Welspun Renewables, analysts were quite critical of the deal as they felt that Tatas overpaid Welspun to get a head start in the renewable space. However. September quarter (Q2) performance of Tata Power puts to rest these criticisms. It cushioned the company in Q2 when it had to take an Rs 1,100 crore hit due to Tata-DoCoMo settlement. Q2's revenues rose by seven per cent year-on-year to Rs 7,393 crore. While this may not appear to be a robust growth number, it still bettered the Street's expectation.If the non-renewables business grew by 12 per cent to Rs 7,637 crore in Q2, the renewables business' revenues more than doubled to Rs 876 crore in Q2, thanks to the Welspun acquisition. While renewables contribute to only 10 per cent of Tata Power's total revenues, its relevance is only expected to move up in the coming quarters. Considering the widening under-recoveries in the Mundra ultra-mega power plant (UMPP), operating ...

Tata Power's renewable portfolio profit jumps 101% to Rs 173 cr in Q2

The non-fossil fuel portfolio stood at 3,210 Mw as of Sunday, a healthy increase from the corresponding quarter last year

Tata Power Q2 net profit declines 45% at Rs 234 cr

The firm's consolidated PAT stood at Rs 386 cr as compared to Rs 427 cr in the second quarter of last fiscal

Global investors to infuse nearly $840 mn in power projects: Tata power CEO

ANIL SARDANA, managing director & chief executive officer at Tata Power, to Nirmalya Behera & Jayajit Dash on current issues and strategy. Edited excerpts:What are your plans to build a green energy portfolio? How will the additional investments be funded? We have ambitious plans to keep fuelling multifold growth across the value chain. We have gross generation capacity of 10,613 Mw, of which clean energy is 3,141 Mw, making us one of the largest non-fossil based energy players in India. To aggregate its clean and renewable energy portfolio, Tata Power has initiated the process of carving out 500 Mw of clean energy assets from its books into Tata Power Renewable Energy. This is a 100 per cent subsidiary and has an operating capacity of 1,959 Mw, comprising 907 Mw in wind, 932 Mw in solar and 120 Mw of waste heat generation capacity.We have reiterated our commitment to clean energy and have announced our non-fossil fuel energy output to be 35-40 per cent by 2025. The company is

Tata Power hits four-month high on heavy volumes

The stock was up 7% to Rs 86.70 in intra-day trade on BSE, also its highest level since April 25, 2017.

Tata Power to monetise non-core assets to trim its near Rs 49,000-cr debt

It also continues to explore options to resolve issues related to financially crippled CGPL

Tata Power enters electric vehicle charging segment

Private power producer Tata Power, the Company has installed their first Electric Vehicle charging station in Mumbai, part of sustainable business initiative."As part of its commitment towards sustainability and another green milestone, the company its first Electric Vehicle charging station at Tata Power Receiving Station at Vikhroli, Mumbai," the company said in its statement.On its future plans, the company added, it plans to set up charging stations at various locations in Mumbai and is already in discussions with various stakeholders.The company further added it aims to build a network to make it easier for people to adapt to electric vehicles and be future ready. "Tata Power has taken this initiative of providing charging stations along with Mass - Tech Controls," the company said in its statement.These chargers would facilitate electric car users to charge their cars (Battery Electric Vehicles such as the Mahindra e2o, Nissan Leaf, etc) at any time safely and conveniently, the .

Tata Power JV completes $420-mn hydro project in Georgia

Shuakhevi hydroelectric project is the largest hydro-power plant built in Georgia in past 5 decades

Tata Power's border management system to fortify BSF

It will extend system to all types of terrain as and when required by BSF on short timelines

Tata Power to boost power supply, last-mile distribution in Jammu & Kashmir

TPDDL, an arm of Tata Power, would lend its technical assistance to its parent company

Tata Power may sell cross-holdings after Mundra tariff order

It holds stakes in seven listed companies of the group, including Nelco, Tata Communications, Volta