Ashwin justified his top billing in ICC Test bowlers' ranking with figures of 5 for 60 in 24.3 overs to decimate West Indies for a lowly 150 in 64.3 overs
Tata Power on Thursday said it has re-appointed Praveer Sinha as the company's Chief Executive Officer (CEO) and Managing Director. His re-appointment to the top post is for a period of four years from May 1, 2023, to April 30, 2027, subject to the approval of the members of the company, Tata Power said in a regulatory filing. "Based on the recommendation of the Nomination and Remuneration Committee, the Board, at its meeting held on March 30, 2023, approved the re-appointment of Praveer Sinha as the CEO & MD of the company," it added. His present tenure as a CEO and MD is scheduled to conclude on April 30, 2023. "Under his current leadership, Tata Power is at the forefront of transforming itself from a century-old power utility company into a new-aged sustainable, technology-oriented and customer-centric green energy solutions company," the company said. A PhD from the Indian Institute of Technology, Delhi, Sinha is a visiting Research Associate at Massachusetts Institute of ...
The financial assistance is part of PM Modi's aim to turn the nation into a manufacturing powerhouse, creating more jobs in the economy and reducing imports that can drain foreign exchange
The government has invoked emergency powers under Section 11 of the Electricity Act to impose the rule as it expects record surge in power demand this summer
The company's consolidated earnings before interest tax depreciation and amortisation (Ebitda) grew 53 per cent versus last year to Rs 3,816 crore
If the moving average continues to bolster the index, the reversal could see most of the consumer index stocks performing better
The company said it has been at the helm of providing EV charging solutions across the country, with facilities for homes, workplaces, fleet stations, public locations
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Tata Power on Thursday said it has raised Rs 1,000 crore through the issuance of non-convertible debentures on a private placement basis. In a regulatory filing, the company said it has allotted 10,000 unsecured, redeemable, taxable, listed, rated, Non-Convertible Debentures (NCDs) worth Rs 1,000 crore, on private placement basis. The maturity of Series I NCDs worth Rs 500 crore is scheduled on January 8, 2030 while the Series II NCDs worth Rs 500 crore would mature on December 29, 2032, it added. The NCDs would be listed on BSE.
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Tata Power's gross debt marginally rose to Rs 49,535 crore as of September this year, from Rs 47,590 crore as of March
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A spike in coal prices has increased cost of generation
Analysts see the renewable energy sector as a long-term structural play given the growing climate awareness and the government's efforts towards adoption of green energy sources
Earlier this year, Power Grid Corporation, Adani Transmission, Tata Power and Torrent Power scaled record highs, but now are seen trading almost 11 - 22 per cent lower from their respective peaks.
Sequentially, revenue declined 3.2 per cent. In the June quarter, the company reported revenue of Rs 14,495 crore and net profit of Rs 795 crore