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Tata Power
Tata Power is expanding its footprint in the home automation space, relying on rising mass acceptance of Internet of Things (IoT)-based products, a senior company official said here on Tuesday. The power major, which forayed into the retail home automation segment last year, is targeting one crore households with IoT-enabled converters and other products as part of a rapid expansion strategy, its renewable and automation head Kaushik Sanyal said. "We are growing at around 60 per cent, but growth will be unprecedented with this device. My aim is to take this to one crore households," Sanyal said at the launch of the company's EZ Home Automation Solutions in Kolkata. Tata Power currently operates in nine cities and plans to expand to 100 cities within three years, he said. Sanyal said the segment is poised for phenomenal growth, amid rising aspirations among Indian households to automate homes at affordable price points, driven by increasing awareness around safety, convenience and .
The World Bank has approved the USD 815 million long-term finance package for 1,125 megawattDorjilung Hydropower Project, in which Tata Power holds 40 per cent share. The remaining 60 per cent in the special purpose vehicle (SPV) is held by Bhutan's Druk Green Power Corporation (DGPC). The Board of Executive Directors of the World Bank has approved and sanctioned long-term financing for the 1,125 MWDorjilung Hydropower Project (DHPL), Tata Power said in statement. The financing package includes a USD 150 million grant and a USD 150 million credit from the International Development Association (IDA) and a USD 15 million enclave loan from the International Bank for Reconstruction and Development (IBRD) to DGPC (Government of Bhutan). The package also includes as a USD 200 million IBRD enclave loan and a USD 300 million loan from the International Finance Corporation (IFC) to Dorjilung Hydro Power Limited (DHPL). The balance funding requirements for the project will be arranged from
Tata Power Renewable Energy Ltd (TPREL) will set up a greenfield 10 GW ingot and wafer manufacturing facility at Nellore, Andhra Pradesh, with an investment of Rs 6,675 crore. The project will be the largest ingot and wafer manufacturing facility in the country, reinforcing Andhra Pradesh's position as a leading hub for advanced solar manufacturing, state government officials said. The project has been cleared by the State Investment Promotion Board (SIPB) chaired by Chief Minister Chandrababu Naidu. The facility will be developed at the IFFCO Kisan Special Economic Zone, where the Government of Andhra Pradesh has earmarked 200 acres for the project, including 120 acres for the initial phase and 80 acres for future expansion. The ingots and wafers produced at the facility are critical inputs for solar cells, modules, and semiconductor applications, and the project aligns with the Government of India's push to strengthen domestic manufacturing and reduce import dependence for strate
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.