Page 10 - Tata Power

Tata Power arm CGPL raises Rs 570 cr via non-convertible debentures

Tata Power on Thursday said its wholly-owned subsidiary CGPL has raised Rs 570 crore through issuance of non-convertible debentures (NCDs). "Coastal Gujarat Power Limited (CGPL)... has successfully issued and allotted unsecured, rated, listed, taxable, guaranteed, redeemable NCDs for an amount of Rs 570 crore on private placement basis issued for a tenor of 3 years," Tata Power said in a BSE filing. The proceeds of the NCDs will be utilised by CGPL towards refinancing of its existing debt, capital expenditure and augmentation of working capital, it said. The proceeds will not be used for any purpose for which bank finance is not permitted by the RBI including investments in capital markets, real estate and on-lending, it added. The NCDs have been rated IND AA(CE)/Stable by India Ratings & Research and will carry a coupon rate of 5.70 per cent, payable annually, the filing said. The debt obligations of CGPL under the NCDs are guaranteed by the company.

BSE Power index hits over 10-year high; analysts advise booking profit

On Tuesday, the S&P BSE Power index hit a 10-year high of 3,008, a level last seen in January 2011, in intra-day trade. Adani Power, meanwhile, hit a record high of Rs 151

Stocks to watch: Rossari Biotech, Tata Power, RIL, Ruchi Soya, sugar stocks

Gujarat State Petronet, APL Apollo Tubes, Arvind Fashions, Nucleus Software Exports and Quess Corp are among 29 companies slated to post their quarterly numbers today

Post-cyclone: Tata Power starts restoring electricity supply in Odisha

Tata Power on Friday said it has started restoration work in Odisha where cyclone Yaas caused disruptions.

Stabilising ultra mega coal plant remains a major concern for Tata Power

This at a time when the company is focusing on renewable energy

Tata Power will be net zero-carbon by 2050, says CEO Praveer Sinha

We have now both urban and rural consumers. Our whole business philosophy is towards renewable, said Sinha

Stocks to watch: L&T, DRL, UPL, Eicher Motors, Happiest Minds, Tata Power

Royal Enfield said it has decided to shut down its two manufacturing facilities between May 13-16 amid a second Covid wave

Tata Power board okays raising up to Rs 5,500 crore through NCDs

The NCDs can be issued on private placement basis to any persons, entities, companies, banks and financial institutions.

Tata Power's Q4 consolidated net profit rises marginally to Rs 481 cr

Tata Power on Wednesday posted a marginal rise of one per cent in consolidated net profit at Rs 481.21 crore for March quarter 2020-21. It had clocked a net profit of Rs 474.70 crore in the year-ago period, the company said in a BSE filing. Total income rose to Rs 10,222.48 crore in the quarter from Rs 6,793.95 crore in the same period a year ago. The company said the rise in consolidated net profit in March quarter is "due to saving in finance cost offset by exceptional gain in PY (previous year)." The consolidated net profit of the company in 2020-21 also rose to Rs 1,438.65 crore from Rs 1,316.44 crore in the previous year. Total income in the year increased to Rs 32,907.34 crore from Rs 29,698.98 crore in 2019-20. The company's board in its meeting on Wednesday recommended a dividend of Rs 1.55 per equity share of Re 1 each to the shareholders for 2020-21. The Annual General Meeting (AGM) of the company is scheduled to be held on July 5, 2021, it said. Praveer Sinha, CEO &

Trading ideas by Ventura Securities: Buy Tata Power, Larsen & Toubro

Tata Power's stock has the strength to achieve a target of 140-160 in the coming days

Tata Power considering a $473-million IPO for its renewable energy unit

The power company is said to have abandoned earlier plans to seek a partner to invest in its green assets via an investment trust

Making power consumer a king

The Indian power consumer, in addition to being given the choice of buying green electricity only, might also get to choose the supplier soon.

Tata Power receives orders to develop 60 MW solar project in Gujarat

Tata Power on Tuesday said it has bagged an order to develop 60 MW (mega watt) solar project for Gujarat Urja Vikas Nigam

Top trading ideas by Anand Rathi Shares: Buy Ambuja Cements, Tata Power

On the indicator front, the MACD is comfortably placed above its signal-line and the 14 period RSI is soaring northwards, affirming that Ambuja Cements' stock may surge in the coming future

'No arrangement or agreements finalised': Tata Power on Tesla tie up

'We confirm that the news item published in the media dated March 12 2021 is factually incorrect,' the company said in a stock exchange filing

Power stocks in focus; Adani, Tata, Torrent Power hit 52-week highs

Shares of Adani Power were locked in 10 per cent upper circuit at Rs 71.40, surging 28 per in the past three trading days

Tata Power raises Rs 900 cr through non-convertible debentures

Tata Power has raised Rs 900 crore through issuance of non-convertible debentures (NCDs)

Stocks to watch: Stove Kraft, Hero Moto, Britannia, M&M, Biocon, Tata Power

IRFC has sold $750 million worth of dollar-denominated bonds to overseas investors priced at a coupon of just 2.80 per cent per annum

Tata Power third quarter net profit soars 22% to Rs 318 crore

The jump in profit came on the back of higher revenues

Here's a Bull Spread strategy on Tata Power by Nandish Shah of HDFC Sec

The stock price of Tata Power has witnessed running correction of 10 per cent from the recent high and has reached to a support level which, HDFC Securities believes, is a good buying opportunity