Page 12 - Tata Power

Energy companies go green, change tack from coal to renewables

Covid has brought to fore the need for sustainable development. A two-part series examines the shift in energy sector

Railways meets solar power developers for zero carbon emission goal

The railways has developed a mega plan for installing solar plants of 20-GW capacity by utilising its vacant land by 2030

25% of Nifty50 stocks have changed in 5 years; here are top entries & exits

Bharat Heavy Electricals, Vedanta, and Tata Power are some of the high-profile exits in the past five years

Tata Power looks to use preference share, divestment proceeds to cut debt

In an investor presentation on Tuesday, Tata Power said the company aims to sustain net debt below Rs 25,000 crore beyond FY21

Power stks zoom as Cabinet ups lending limits for discoms; Tata Power up 8%

Currently, discoms can borrow only up to 25 per cent of their previous year's working capital under the limits stipulated in the UDAY scheme. The limit, however, has now been relaxed

Tata Power to explore M&A opportunities in renewable energy space

Tata Power, which is sitting on a debt of over Rs 43,000 crore, is eyeing Rs 9,000 crore revenues from its renewable energy operations by FY2025

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