Page 8 - Tata Power

Improving demand, merger plan charge up Tata Power's outlook; shares up 8%

Debt reduction, equity infusion, expected tariff hike for Mundra plant bode well

Tata Power rallies 8% on merger proposal with 3 wholly-owned subsidiaries

That apart, the company's net profit rose by 10% to Rs 268 crore for quarter ended June on the back of reduced expenses, compared to a net profit of Rs 243 crore reported in the year-ago period

Tata Power consolidated profit before tax falls 31% in June quarter

During April-June, the firm reported a total income of Rs 6,540 crore as compared to Rs 7,874 crore in the year-ago quarter

Tata Power announces merger of three wholly-owned subsidiaries with itself

The company said the merger is part of a strategic initiative to simplify the group holding structure and a broader plan to set the company for future growth through fiscal consolidation

Tata Power to raise green energy portfolio to 50% with focus on renewables

Tata Power currently has a consumer base of 2.5 million and it aims to quadruple it to 10 million over the next five years

No clarity on resolution for CGPL's Mundra plant issue: Chandrasekaran

CGPL has inked pacts to supply 1,805 MW to Gujarat, 760 MW to Maharashtra, 475 MW to Punjab, and 380 MW each to Rajasthan and Haryana

Solar power counts the price for bidding cheap in race for projects

Even as companies are stretching themselves for funds, calling for a clarity in government policy, Shreya Jai explains the problems pulling down solar power

Tata Sons plans to infuse more funds into Covid-hit group entities

According to a person in the know, group firms affected the most were the airline, hotel, housing, and financial services verticals.

Tata Power's Mundra plant in final talks to ink supplemental PPA deal

Earlier this month, the Gujarat government had decided to reverse its 2018 decision to amend the PPAs it signed with three producers - Tata Power, Adani Power and Essar Power

Ashish Khanna on how Tata Power Renewables is reorienting functions

The force majeure conditions have been accepted by the government, so we will be able to complete the projects. But it has affected our ramp-up plans and working capital, Khanna said

Setback for Tata, Adani, Essar: Gujarat scraps order to pay more for power

It will now sign supplemental PPAs with these units on a "case-by-case basis" over and above the existing PPAs.

Top Headlines: Voda Idea defaults on payments, IT firms' hiring woes & more

From IT companies facing problems in hiring fresh candidates, Voda defaulting on June payments, TCS reporting fall in net profits, here are the top headlines on Friday morning

Why solar at Rs 2.36 is a big deal

A lower cost of solar power means cheaper electricity in the long run as it replaces more costly generation. That is the next step the government is working on

We don't see pandemic significantly impacting our business: Tata Power

Firm only sees coal mining operations being affected, Mundra to remain untouched

Tata Power subsidiary completes sale of three ships for $212.76 million

Tata Power said the sale proceeds will be used towards reducing the debt as well as to fund growth plans.

Tata Power stock powers up with strategic turnaround, deleveraging plans

Preferential equity issue, non-core asset sale boost sentiment

Tata Power to raise Rs 2,600 crore from Tata Sons via preferential issue

Tata Power board approves setting up of renewables InvIT

Tata Power one step closer to tariff revision at Mundra power plant

Maharashtra is one of the five states that procure power from Tata Power's Mundra ultra mega power plant in Gujarat.

Tata Power subsidiary to develop 100-Mw solar project in Maharashtra

The project is required to be commissioned within 18 months from the date of execution of the PPA

Tata Power to develop 120 MW solar project in Gujarat 300 million kg of CO2

The plant is expected to generate about 300 million units of energy per year and will annually offset nearly 300 million kg of CO2