Despite poor June quarter results, analysts positive on expectations of favourable judgment by SC
Certain one-off adjustments and forex fluctuations pulled down profits
Tata Power together with subsidiaries achieved generation of 11,122 million units (MUs) from all its power plants
OTP is a 50:50 joint venture between Origin Energy Ltd and Tata Power International Pte (TPIPL)
Key highlights were innovative design of Balance-of-System (BoS) and cabling, along with optimised selection of evacuation systems
The tenor of these securities is three years and these debentures will mature on August 3, 2019
High return on equity earned by former's renewable assets justify the deal's premium valuation
To sign 25-year PPA with NTPC Vidyut Vyapar Nigam
Company will sign a 25-year power purchase agreement with NTPC Vidyut Vyapar Nigam
MERC seeks objections from stakeholders; company says consumer choice not to be compromised
Hints rating could be lowered if acquisition bridge finance is short-term in nature
Buyer's balance sheet risk might go up in the near term
Tata Power, however, said that the acquisition of Welspun Renewables' 1,140 Mw assets is very strategic to it
The company announced that its renewable arm signed an agreement with Welspun Energy to acquire its green energy portfolio.
The deal estimated at Rs 10,000 crore for 1,140 Mw of assets is the largest in the segment
Firm's CEO and MD Anil Sardana also warns against early exuberance over UDAY scheme and claims of power surplus by govt
Tata Power, NTPC and Power Grid Corporation were trading 1%-2% higher, as compared to 0.80% decline in Sensex.
Net profit doubled to Rs 360 crore in the March quarter; sustainability holds key
The consolidated generation through all its subsidiaries stands at 47,016 MUs (million units) in FY16. The standalone generation stood at 12,075 MUs in FY16
The consolidated generation through all its subsidiaries stands at 47,016 million units