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Tata Power
Tata Power on Friday said it has raised Rs 2,000 crore through non-convertible debentures (NCDs) on private placement basis. The NCDs have been issued on the basis of multiple yield allotment method prescribed by the BSE and Sebi, and the issue price of the NCDs has been determined accordingly, the company said in an exchange filing. The NCDs are proposed to be listed on the wholesale debt market segment of the BSE. The committee of directors on Friday approved the allotment of NCDs in two series, 1 lakh in each, aggregating to Rs 2,000 crore, for a tenor of three years and five years, respectively. The NCDs are to be issued to identified investors on a private placement basis, on the terms and conditions as mentioned in the placement memorandum for the said issue and other transaction documents. "We wish to inform you that the coupon rate of the proposed NCDs was discovered at 7.05 per cent for Series I and 7.25 per cent for Series II through the multiple yield allotment method o
Tata Power is looking to finalise its 10 GW wafer and ingot project, to be set up at an estimated cost of Rs 6,500 crore, by January next year, the company's CEO and MD Praveer Sinha said. The company is in talks with various states and will decide on the location soon, he saidon the sidelines of a company event here. Tata Power is looking to set up a 10 gigawatt wafer and ingot plant as part of its backward integration, Sinha had said in an earnings call earlier without sharing further details. He said there will be clarity on the proposed project in the last quarter of FY26. "In January, we would be making some announcement. Meanwhile, we continue to explore potential site for the project," Sinha said. The company is exploring various locations in states like Odisha, Tamil Nadu, and Andhra Pradesh among others. "We are looking at the state policies and incentives before finalising the location," Sinha said. He said Tata Power will make an investment of Rs 6,500 crore for the ..
Tata Power on Monday said it is aiming for a capex of Rs 25,000 crore in the current fiscal year and will look to maintain the same annual spend till FY30. As per an investor presentation, 65 per cent of the capex is aimed at clean energy projects. Tata Power, which made a capital expenditure (capex) of Rs 17,273 crore in FY25, almost doubled the same to Rs 25,000 crore in FY26. The total capex estimated between FY26 and FY30 is Rs 1.25 lakh crore with Rs 25,000 crore spent annually, as per the presentation. In an interaction, Sinha said, "We are well poised to achieve our aspirations." In the power generation segment, the company had a thermal capacity of 15.7 GW in FY25, which it looks to scale up to 30 GW by FY30, he said. "From 7 GW of clean and green capacity, we aim to increase it to 20 GW almost three times by March 2031," Sinha said. The capacity of transmission lines both operational and under-construction stood at 7,047 circuit kilometres (ckm) as of FY25. The same wil
Tata Power Company Ltd on Thursday said it plans to set up a 10-GW ingots and wafers manufacturing facility in Odisha at an investment of Rs 10,000 crore. Ingots and wafers are key raw materials used in the production of solar cells and modules, as well as semiconductor chips, it said in a release. The company, which currently has 4.55 GW of cell and module manufacturing capacity, aims to backward integrate ingots and wafers into its solar cell and panel production for both domestic use and export markets, it said. "Tata Power is evaluating two possible locations like Gopalpur in Ganjam district and Cuttack for its ingots and wafers facility. Both locations offer proximity to the port," the release said.
ACME Solar Holdings on Friday announced signing an agreement with Tata Power Company Ltd for a 50 MW firm and dispatchable renewable energy project. An FDRE project integrates advanced solar, wind and battery energy storage systems (BESS) to enable reliable energy dispatch during peak demand. In a statement, ACME Solar Holdings said its "SPV has signed a 25 years Power Purchase Agreement (PPA) with the Tata Power Company Limited (Tata Power-D) for its 50 MW Firm and Dispatchable Renewable Energy (FDRE) project on 16 October 2025." The project was awarded in September 2025. The PPA has been signed at a tariff of Rs 4.43 per unit for a minimum annual Capacity Utilization Factor (CUF) of 40 per cent and four hours of peak-hour supply with 90 per cent availability on a monthly basis. This project would combine multiple renewable energy technologiesincluding Solar and Battery Energy Storage System (BESS) to meet the supply obligations as per the PPA. With this, the company has signed PP
Women volunteers are encouraging people to adopt clean energy solutions in villages under power discom Tata Power Delhi Distribution Limited's Solar Sakhi Abhiyan. The initiative, launched recently from the Pooth Khurd Village, is in alignment with the central government's PM Surya Ghar: Muft Bijli Yojana. At the heart of the initiative are 100 Solar Sakhi members women volunteers trained to serve as ambassadors of solar energy in villages. They will spread awareness on rooftop solar benefits, educate households on clean energy solutions, and act as a bridge between government policies and communities in more than 75 villages of Tata Power-DDL, the statement added. Each Solar Sakhi has been provided with a distinctive jacket, symbolising pride, leadership, and recognition, it said. Neeraj Semwal, Secretary (Power) in the Delhi government, said: "The Delhi government is committed to promoting renewable energy and inclusive growth. Initiatives like Solar Sakhi Abhiyan strengthen thi