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Tata Capital on Tuesday reported a 51 per cent growth in consolidated net profit to Rs 1,660 crore for the September quarter of FY27. The company had posted a net profit of Rs 1,097 crore in the July-September period of FY26. Net total income rose 24 per cent to Rs 4,676 crore during the September quarter of FY27, from Rs 3,774 crore in the corresponding period a year ago, the company said in a regulatory filing. Tata Capital Managing Director and CEO, Rajiv Sabharwal, said the company's loan book crossed Rs 3 trillion, "underscoring the scale, diversification and resilience of our franchise". The non-bank lender's Assets Under Management (AUM) stood at Rs 3,08,030 crore, up 26 per cent year-on-year. "Asset quality remained stable, reflecting our continued focus on portfolio quality, prudent underwriting and effective collections," Sabharwal said. In a separate exchange filing, Tata Capital said its board approved a proposal for the enhancement of the existing medium-term note ..
Fourth Partner Energy Ltd. (FPEL) has secured Rs 750 crore in financing from Tata Capital Cleantech Finance (TCCL) to develop a hybrid renewable energy project in Maharashtra combining solar, wind and battery storage, as developers increasingly turn to energy storage to provide more predictable clean power to corporate consumers. The project comprises 300 megawatts-peak (MWp) of solar capacity, 50 MW of wind power and a Battery Energy Storage System (BESS) with a capacity of 750 megawatt-hours (MWh). It is expected to generate more than 630 million units of clean electricity annually for corporate customers in the state, FPEL said in a statement on Friday. The company has received an initial disbursement of nearly Rs 375 crore against the total financing sanction of Rs 750 crore, said Pradhyum Reddy, FPEL's head of corporate finance and renewable capital. The project comes as India's commercial and industrial power consumers seek more reliable renewable electricity supplies and ...
Japan's Resona Bank on Monday announced a tie-up with Tata Capital to provide its clients better access to financing solutions and opportunities in India using the non-bank lender's local network. The announcement follows a USD 20 million investment by Resona Bank as a limited partner in Tata Capital Growth Fund III LP, which invests in Tata Capital Growth Fund III, a fund managed by Tata Capital, as per an official statement. However, the Japanese lender did not reveal the timeline of this investment. Under a memorandum of understanding (MoU) announced on Monday, both Tata Capital and Resona Bank will leverage their respective strengths in the Indian market, it said, adding that this is a non-exclusive collaboration under which opportunities will be explored through Tata Capital's network. The Japanese partner will leverage the Indian partner's local presence and expertise in financial services to provide support for its customers evaluating opportunities in India, the statement ..