Page 3 - Tata Power

Tata Power Renewable Energy to set up 150 MW solar project in Solapur

Tata Power Renewable Energy said it has received a 'letter of award' to set up a 150 MW solar project in Solapur, Maharashtra. The project will be commissioned within 18 months from the power purchase agreement (PPA) execution date. "Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power receives the 'Letter of Award' (LoA) from the Maharashtra State Electricity Distribution Corporation Ltd (MSEDCL) to set up 150MW solar project in Solapur, Maharashtra," it said in a statement. The LoA was won through tariff-based competitive bidding followed by an e-reverse auction, it added. TPREL CEO Ashish Khanna said, "The award is in line with our commitment to create a sustainable ecosystem for transitioning towards a greener future and affirms our potential to deliver...world-class solar projects." With this, the total renewables capacity of TPREL has reached 5,786 MW with an installed capacity of 3,877 MW (solar - 2,949 MW and wind - 928 MW) and 1,909 MW under various stages

A first for industry: Hyundai may ink pacts for direct power purchase

Such direct contracts will assist the carmaker in getting cheap power

Sensex rises for 3rd day, up 787 pts; Nifty tops 18K amid broad-based rally

CLOSING BELL: The Financial Services, IT, Pharma, Auto, and Consumer Durable indices gained over 1 per cent each, while others added up to 1 per cent

Stocks to Watch: IOC, Vedanta, RIL, NTPC, Nykaa, Hero Moto, Dr Reddy, Sugar

Stocks to Watch today: Reliance Strategic Business Ventures Ltd (RSBVL), a wholly owned subsidiary of Reliance Industries Ltd (RIL), has acquired an additional stake in skyTran Inc for Rs 123.4 crore

Tata Power net profit jumps 94% in Sept quarter on strong energy demand

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

Saurabh Agrawal takes over as Tata Power Renewable Energy's chairman

Three more directors including Eduard Ruijs, the Managing Director and Head of the London based BlackRock Global Infrastructure Fund team, also joined the board.

Pidilite may enter Nifty 50 once HDFC gets taken off after merger

The adhesive maker's inclusion to be ad hoc; analysts divided over treatment around HDFC's removal

Tata Power hit by cyber attack, says critical systems functioning

The company did not divulge which systems were impacted

Cyber attack hits IT systems of Tata Power, restoration underway

Tata Power on Friday said that a cyber attack has hit its Information Technology (IT) infrastructure and affected its systems. Tata Power Company Limited had a cyber attack on its IT infrastructure impacting some of its IT systems, a BSE filing said. The company has taken steps to retrieve and restore the systems, it informed. All critical operational systems are functioning; however, as a measure of abundant precaution, restricted access and preventive checks have been put in place for employee and customer facing portals and touch points, it added.

Tata Power to develop 10K Mw RE plant in next five years in Rajasthan

Tata Power on Friday announced its plans to develop around 10,000 MW of renewable energy capacity, mainly solar energy, in the next five years in Rajasthan. "Tata Power plans to have a renewable power portfolio of 10,000 MW in the state (Rajasthan in next five years," a company statement said. Participating in the ongoing Invest Rajasthan summit in Jaipur, it stated that it plans to develop up to 8,000 MW of utility scale projects, 1,000 MW of solar rooftop and 1,50,000 solar pumps in next five years in the state. Tata Power, along with its fully-owned subsidiary Tata Power Solar, will expand its presence in the state to generate clean energy through solar power. The company employs more than 4,500 people in the state, and its expansion projects will generate employment for more than 6,000-8,000 people in the next five years. Dr Praveer Sinha, CEO & MD, Tata Power, said in the statement, "Both in terms of potential and what has been done so far, Rajasthan has today emerged as a ..

Adani, Tata Power plan to raise $1.3 bn in green bonds for new projects

Adani Green to launch $1 bn bond by December; Tata Power to raise $320 mn this month

Stocks to Watch: Adani Ports, Tata Power, UPL, SBI, Tata Motors, Patanjali

Stocks to Watch: State Bank of India (SBI) has clarified that it has not been identified as a nodal bank for handling Russia-related rupee transactions

Tata Power assures quality power to industries, to invest Rs 5k cr in capex

A day after Odisha Chief Minister Naveen Patnaik appealed to investors from across the country to take advantage of the state's business ecosystem, Tata Power Discoms on Thursday announced to invest Rs 5,000 crore to ensure reliable and quality electricity supply to industries. This was stated by Tata Power's T&D, President, Sanjay Banga during an interaction with PTI here. "We are fully committed to realise the Odisha government's vision of Make in Odisha through reliable and quality power supply to industries," he said, adding that Tata Power Discoms serve 9 million customers across the state. Banga said that Tata Power Odisha Discoms will soon be in a position to provide new industrial connections in a week to 10 days' time based on availability of network . "Thus, we will be supporting the ease of doing business in the state. The company has already extended the facility of availing new service connection through WhatsApp and missed call services to its customers," he ...

Stocks to Watch: SBI, PVR, Tata Power, Tamilnad Mercantile Bank, CE Info

Stocks to Watch: Investors Gray Birch, Plenty PE & Multiples PE may sell up to 7.74 per cent stake in PVR today in a price range of Rs 1,852-1,929/share, as per reports

Tata Power to develop 4 MWp solar project at Tata Motors' Pune plant

Tata Power on Wednesday said that it has inked a pact to develop a 4-MWp solar project at Tata Motors' Pune plant. "Tata Motors and Tata Power have entered into a Power Purchase Agreement (PPA) to develop a 4-MWp on-site solar project at Tata Motors' Pune commercial vehicle manufacturing facility," a BSE filing said. The installation is collectively expected to generate 5.8 million units of electricity, potentially mitigating over 10 lakh tonnes of carbon emission. This is equivalent to planting over 16 lakh teak trees over a lifetime, it stated. Alok Kumar Singh, Plant Head, Commercial Vehicle Manufacturing Facility, Tata Motors, said, "In FY22, the total renewable energy contribution at our CV Pune plant was 32 per cent. With this agreement, we reaffirm our commitment to moving closer to our goals of cultivating 100 per cent renewable energy capacity." Until FY22, Tata Motors at its Pune plant, including at its passenger and commercial vehicle manufacturing facilities, deployed

Tata firm gets letter of award worth Rs 596 crore for MP solar project

Tata Power Solar Systems Ltd (TPSSL) has received a letter of award worth Rs 596 crore from NHDC to set up a 125MWp floating solar project in Madhya Pradesh. NHDC is a joint venture of state-owned hydro power giant NHPC and the Madhya Pradesh government, a statement by Tata Power Company Ltd said on Wednesday. NHDC had invited bids early this year for this project to be set up at the Omkareshwar reservoir in Khandwa district of Madhya Pradesh. The LoA was awarded through tariff-based competitive bidding. The project will be commissioned within 13 months from the date of issuance of the letter of award (LoA) and will provide sustainable power to MP Power Management Company. With this win, the company's total utility-scale solar project portfolio touches 9.8 GWp. As on date, TPSSL's total order book stands at Rs 14,908 crore. TPSSL, a solar EPC company, is a wholly-owned subsidiary of Tata Power Renewable Energy Ltd (TPREL). Tata Power holds 93.94 per cent stake in TPREL.

Amid rising power demand; Adani Power, NTPC, Coal India look firm on charts

Among individual stocks, Coal India can surge up to 17%; Adani Power, Adani Transmission, NTPC and Tata Power are likely to gain in the range of 10-14 per cent.

MSTC eyes e-commerce biz; ties with Reliance, Vedanta, Tata Power, others

Government-owned e-commerce service provider MSTC aims to expand its offering for private players and has tied up with firms like Reliance Industries, Tata Power, Vedanta, and Larsen & Toubro (L&T). The company believes that the current financial year will remain volatile and it would need to develop smart ways to tackle new challenges. "MSTC is endeavouring to harness the untapped potential in the private sector also, besides trying to retain the government and PSU business," company's chairman and managing director Surinder Kumar Gupta said in the annual report 2021-22. "...digital transformation is an integral part and play a key role in the development of the organisation in the near future. We are also taking various steps to ensure that we remain well placed to take the opportunity with both hands as and when the same comes in our path," Gupta said. The company said that it has emerged as a major standalone e-commerce service provider in the country. With its foray into .

Tata Motors signs PPA with Tata Power to develop onsite solar project

Tata Motors has signed a Power Purchase Agreement (PPA) with Tata Power to develop a 7.25 Mwp onsite solar project at its commercial vehicle manufacturing facility here. The project will be a significant move to increase the renewable energy portfolio at its manufacturing facility, the company said in a statement on Tuesday. With this project, the onsite solar plant capacity of Tata Motors' Jamshedpur facility will reach 14 MWp, which will generate 442 million units of green electricity having the potential to reduce carbon emission by 3.5 lakh tonnes. This is equivalent to planting 5.6 lakh trees. Commenting on the occasion, Vishal Badshah, Plant Head, Jamshedpur, Tata Motors said, "It has been our continuous endeavour to reduce greenhouse gas emissions to achieve Net Zero Emission goal. With this agreement, we are reaffirming our commitment to sustainability by increasing the share of renewable energy in our operations. We firmly believe that this will strengthen our journey towar

Tata Power subsidiary raises Rs 2,000 crore in green energy push

The transaction is part of the Rs 4,000-crore investment announced in April by Tata Power for its green energy business