State-owned Oil and Natural Gas Corporation (ONGC) on Wednesday signed an initial pact with Tata Power Renewable Energy Ltd to explore collaborative opportunities in the Battery Energy Storage System (BESS) value chain. ONGC has been stringing around deals in clean energy as part of its target to scale renewable energy capacity to 10 gigawatts by 2030 a part of its target to achieve net zero carbon emission by 2038. Besides solar and wind energy projects, ONGC is looking at round-the-clock renewable power capacity to meet this target. "ONGC has signed a non-binding Memorandum of Understanding (MoU) with Tata Power Renewable Energy Ltd (TPREL), a subsidiary of The Tata Power Company Ltd, to explore collaborative opportunities in the BESS value chain at India Energy Week 2025," the firm said in a statement. The pact will explore a range of applications across the BESS value chain, including utility-scale energy storage systems, grid stabilisation and ancillary services, renewable ener
The new 4.3 GW solar cell and module manufacturing plant is equipped with cutting-edge TOPCon and Mono PERC technologies
Tata Power Renewable Energy Ltd (TPREL) on Thursday said it has partnered with Bank of Baroda to facilitate financing of residential rooftop solar projects under the PM - Surya Ghar Muft Bijli Yojana. Both the entities have signed a Memorandum of Understanding (MoU), under which applicants can avail loan amounts up to Rs 6 lakh at an interest rate starting at 7 per cent per annum with both fixed and floating rate options, TPREL said in a statement. The PM - Surya Ghar: Muft Bijli Yojana is the world's largest domestic rooftop solar initiative, transforming India's energy landscape with a bold vision to supply solar power to one crore households by March 2027. "This strategic collaboration with Bank of Baroda marks a significant step in our mission to make clean energy solutions accessible to every household in India. By offering affordable and convenient financing options, we are enabling residential customers to embrace rooftop solar technology with ease," Deepesh Nanda, CEO & ...
Tata Power reported consolidated EBITDA of Rs 3,350 crore in Q3FY25 (+38 per cent YoY)
Tata Power, which reported its third quarter earnings earlier in the day, posted profit below analysts' estimates as softer demand weighed
The company reported an 81 per cent jump in PBDIT to Rs 3,667.6 crore from a year ago. PBDIT is profit before depreciation, interest, and taxation
Revenue from operations rose 5.1% to Rs 15,391 crore
FIIs sold shares worth Rs 3,958.37 crore on February 3, while DIIs bought shares worth 2,708.23 crore
As part of its ongoing crackdown on power pilferage, the Tata Power Delhi Distribution Ltd (Tata Power-DDL) has secured 17 convictions in electricity theft cases between April 2024 and January 2025. The efforts to curb power theft have led to the conviction of 78 people in north and northwest Delhi under Section 135 of the Electricity Act since 2007, with courts imposing heavy fines on offenders, Tata Power Delhi Distribution Ltd (Tata Power-DDL) said in a statement. Taking stringent action against electricity theft, Tata Power-DDL filed criminal cases against offenders in the Special Electricity Court, Rohini. Acknowledging the severity of these cases, the court handed down convictions, reinforcing the discom's commitment to preventing power theft and protecting the interests of law-abiding consumers, the company said. The statement further urged citizens to refrain from illegal activities and report power theft to ensure a fair and stable electricity supply. Tata Power-DDL's Chi
Tata Group companies' shares increased following reports of Tata Capital planning to raise Rs 15,000 crore through an initial public offering (IPO)
The partnership underscores the push for clean energy solutions in India, which aims to achieve 500 GW of installed electric capacity from non-fossil sources by 2030
Tata Power on Friday said its arm Tata Power Renewable Energy Ltd (TPREL), has joined hands with Canara Bank to promote the adoption of rooftop solar systems under the PM Surya Ghar Scheme. This collaboration aims to simplify access to solar energy solutions for households by providing attractive financing options, empowering citizens to transition to a more sustainable energy future, a Tata Power statement said. As part of the initiative, households can benefit from tailored financing options under the PM Surya Ghar Scheme, designed to make rooftop solar installations more accessible and affordable. "Our partnership with Canara Bank marks a significant step in accelerating the adoption of rooftop solar systems nationwide," Deepesh Nanda, CEO & Managing Director, TPREL said. For systems with a capacity of up to 3 kW, the scheme offers loans of up to Rs 2 lakh with a 10 per cent margin money requirement, collateral-free financing, a competitive interest rate of 7 per cent per ...
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This partnership aims to build a robust EV Charging ecosystem by leveraging Tata Power's expertise in diversified EV Charging solutions
Tivolt Electric Vehicles CEO Saju Nair exchanged documents with Tata Power Renewable Energy Ltd's Head of Business Development - EV Charging, Virendra Goyal, at an event
Tata Power has consistently met guidance. Profitability till FY30 will be driven by RE, T&D, and hydro
Tata Power has announced an investment of Rs 1.2 lakh crore in Rajasthan in various renewable energy related projects including rooftop solar installation and electric vehicle charging infrastructure. Speaking at the Rising Rajasthan Global Investment Summit which started on Monday, CEO and MD of the company Praveer Sinha said the company's investment roadmap was aimed at making Rajasthan a power surplus state through a range of initiatives. "Tata Power's clean energy roadmap for the state would significantly contribute to India's goal of becoming net-zero carbon by 2070 and the state's ambition to emerge as the next clean energy hub in the country," Sinha told reporters after the inauguration ceremony. The initiatives include renewable energy projects with Rs 75,000 crore investment (comprising solar, wind and hybrid projects across key regions like Bikaner, Jaisalmer, and Jodhpur); rooftop solar, transmission and distribution, and EV charging infrastructure. "The investment is ..
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The construction work of the Rs 6,900 crore Khorlochhu Hydropower Project in Bhutan has started, and the plant is likely to be commissioned by 2029, Tata Power CEO and MD Praveer Sinha has said. The 600 MW project is being developed on the Kholongchhu River in the eastern part of the neighbouring nation. "We are looking at Bhutan. Work has already started for the 600 MW project in Khorlochhu...the tunnel diversion work," Sinha told PTI in reply to a question on plans for hydro projects outside India. The project is expected to be commissioned in September 2029, he said. In August, Tata Power and Bhutan-based Druk Green Power Corporation Ltd (DGPC) partnered to develop the hydropower project at an estimated cost of Rs 6,900 crore. The partnership involves a 40 per cent equity investment by Tata Power in Khorlochhu Hydro Power Ltd, a public-private partnership company. Later in November, Tata Power announced entering into a strategic partnership with Druk Green Power Corporation Lt
Raises FY25 capital expenditure by 72% compared to FY24