Page 7 - Tata Power

Tata Power Q3 net up 72% to Rs 426 cr, renewables top growth segment

Revenue up 43.6% on expanded operation in Odisha power distribution companies, higher project execution by Tata Power Solar Systems and strong show by all other businesses

Tata Power net profit rises 74% to Rs 552 cr in December quarter

This was the ninth consecutive quarter of PAT growth, it added

Tata Power shares up 180% in one year; PLIs likely to sustain momentum

Shares of Tata Power have risen around 180 per cent in the past one-year period evidently due to its strong investment in EV charging stations, solar infrastructure and other expansions.

Tata Power to set up EV charging stations at vehicle zones of Apollo Tyres

Tata Power has partnered with Apollo Tyres to deploy electric vehicle charging stations at the latter's commercial and passenger vehicle zones across India. Tata Power and Apollo Tyres have announced a strategic partnership in this regard, a statement said. Tata Power has a presence across all the segments of the EV charging ecosystem and has deployed all types of chargers DC 001, AC, Type2, Fast DC chargers up to 50kwh and up to 240kwh chargers for buses. "We are glad to partner with Apollo Tyres for the deployment of EV charging stations across their commercial & passenger vehicle zones. This partnership reflects our commitment to developing and expanding the electric vehicle ecosystem in the country," Praveer Sinha, CEO and MD of Tata Power, stated. Based on location, this classification of chargers will support EV charging for two-wheelers and four-wheelers, respectively. As per the agreement between Apollo Tyres and Tata Power, the latter will set up Charging Stations at 150

Sops for green energy? Here's how Tata Power, Adani Green look on charts

Adani Green so far this month has rallied 45% per cent, sustained trade above Rs 1,900-level can trigger a fresh 15 per cent surge

Sensex falls 554 pts, Nifty below 18,150 amid rising bond yield, oil prices

In the intra-day trade, the indices hit a low of 60,662 and 18,086, respectively

Tata Power Renewable Energy commissions 100 MW solar projs in Uttar Pradesh

Tata Power Renewable Energy Ltd (TPREL) has commissioned two solar power projects of 50 MW each in Uttar Pradesh. A subsidiary of Tata Power, TPREL has comissioned the solar projects at Prayagraj and Banda, a statement said on Monday. The projects have been completed by TPREL within the agreed timelines despite COVID challenges. The plants are expected to generate more than 221.26 million units annually. Approximately 1,59,600 modules were used in the project at Prayagraj and the installation is expected to reduce 91,137 lakh tonnes of carbon emission every year. At Banda, 1,67,440 modules were used over 236 acres of land. The statement said the plants at Prayagraj and Banda are expected to reduce 1,77,037 lakh tonnes of carbon emission annually. Praveer Sinha, CEO & MD of Tata Power, the commissioning of the projects has strengthened its position as a leading renewable energy company. Despite the various COVID challenges faced by the industry, TPREL through Tata Power's EPC ar

Tata Power leads S&P Global's ESG score for power utilities in India

Tata Power on Friday said it has secured the highest score among its peers in the Indian power sector in S&P Global's recently released corporate sustainability assessment (CSA) results. Giving credence to the company's focus to become the most progressive and preferred green energy brand in India, Tata Power has fared well on all ESG (environmental, social and governance), the company said in a statement. It has scored 67 out of 100, which is significantly higher than the average world electric utility sector (comprising both Indian and global electric utilities) score of 38, said the statement. The S&P Global CSA is an annual evaluation of companies' sustainability practices since 1999 and has been a credible reflection of companies' sustainability practices. In this assessment, over 10,000 companies from around the world were evaluated on industry-specific and financially material issues. "We are happy to have achieved such encouraging scores in the S&P Global corporate

Nandish Shah recommends a Bull spread on Tata Power for January series

The stock has broken out on the daily chart with higher volumes to close at highest level since December 14.

Sanjeev Churiwala joins Tata Power as chief financial officer

Tata Power on Monday said Sanjeev Churiwala has joined the company as its new Chief Financial Officer. Ramesh Subramanyam, the erstwhile CFO, will be moving into a new role within the Tata Group, the company said in a statement. Churiwala has more than 27 years of corporate experience spanning across the financial services sector. He was previously with Diageo as the Regional Finance Director-APAC and Global Travel Retail. He has also worked with Holcim's Indian listed subsidiary Ambuja Cements. "We welcome Sanjeev to the Tata Power family. He brings with him vast experience in financial management along with strong strategic capabilities. His vast Indian and global experience will be valuable to us as we accelerate towards the next phase of profitable and sustainable growth," Tata Power CEO and MD Praveer Sinha said. Churiwala holds an Executive MBA degree from the London Business School and is a fellow member of The Institute of Chartered Accountants of India, Institute of Compa

Tata Power bags contract from SECI for solar project in Chhattisgarh

State-owned SECI has awarded a contract to the Tatas for setting up a 100MW solar project with battery energy storage system (BESS) at Rajnandgaon, Chhattisgarh. The project will demonstrate how, by using a large battery storage system like BESS, solar power can be used to provide clean energy during evening peak hours. The contract has been awarded to Tata Power Solar Systems Ltd, a statement by Ministry of New & Renewable Energy(MNRE) said. The project will have a 40 MW/120 MWh BESS. It is one of the largest grid-connected BESS projects in the country. It is supported by the World Bank and SECI's internal resources and domestic loans. This is expected to boost market confidence and catalyze further investments in the sector to enable India achieve its commitments towards a net-zero economy. The contract was signed by officials of Tata Power and SECI in the presence of Suman Sharma, Managing Director, SECI, as well as directors and senior officials of SECI and World Bank. "This

Tata Power arm TP Saurya to set up 300 MW hybrid wind-solar project

Tata Power on Thursday said its arm TP Saurya has received a 'Letter of Award' from Maharashtra State Electricity Distribution Company (MSEDCL) for setting up a 300 MW hybrid (wind & solar) project. TP Saurya Ltd (TPSL), a wholly-owned subsidiary of Tata Power, has received this Letter of Award (LoA) in a bid announced by MSEDCL, a company statement said. This project has been awarded through tariff-based competitive bidding followed by e-Reverse auction, it added. The project will be commissioned within 18 months from the date of PPA (power-purchase agreement) execution. "It is a proud moment for Tata Power to win this large-scale Hybrid (Wind & Solar) power generation project. This will further promote the share of renewable power in the overall energy mix, thus strengthening our position as the market leader in the renewable space," Praveer Sinha, CEO & MD, Tata Power said in the statement. Sinha said this project will also encourage other states to switch to green ...

Stocks to Watch: Indigo, ONGC, PNB, Tata Power, RInfra, FMCG, Cement shares

Analysts expect under-performance by FMCG shares to continue

Tata Power, IIT Madras sign agreement on technology research, solutions

Agreement includes campus recruitment opportunities for postgraduate students of the premier institute.

Tata Power, ama Stays & Trails tie up to set up EV charging stations

Tata Power has collaborated with am Stays & Trails, India's first branded homestay portfolio by Indian Hotels Company Ltd, to set up EV charging stations at over 30 of its villas and heritage bungalows across 11 destinations. A rising demand for sustainable transport infrastructure has resulted in an increasing number of hospitality brands investing in electric vehicle (EV) charging points, a statement said. The collaboration is a step forward in catering to the evolving needs of environmentally-conscious customers by reducing their travel carbon footprint and embracing a more sustainable future. This marks an important step for both flagship Tata Group companies in furthering their commitment towards adopting more sustainable and cost-efficient business practices. Under the partnership, Tata Power EZ Charge has established EV chargers for guests staying at the am Stays & Trails homestays. Tata Power has deployed an extensive EV charging infrastructure with over 1,000 EV ...

Tata Power bags solar project worth Rs 945 cr from Solar Energy Corp

The contract involves building 100 MW EPC solar project along with 120 MWh utility scale battery energy storage system

Stocks to Watch: Go Fashion, Zomato, IRCTC, Asian Paints, Dish TV, ICICI Bk

Go Fashion India will make its debut on the brouses today, while Star Health IPO opens for subscription in the primary segment

NPCI Bharat BillPay on-boards Tata Power for electricity bill payments

This will enable over seven lakh customers of Tata Power (Mumbai) to pay their electricity bills through ClickPay payment link

Tata Power, SRF lead MSCI inclusion race, adjustment on November 30

According to an Edelweiss analysis, Tata Power will see passive inflows of $240 mn and SRF could see buying worth $230 mn. Both shares rose more than 1.5% on Monday

Tata Power to seek shareholders' nod to not merge Tata Power Solar Systems

This is contrary to its earlier plan to merge it with itself through a postal ballot notice