Page 11 - Tata Power

Gajanan S Kale takes over as CEO of Tata Power Delhi Distribution

Before joining Tata Power-DDL, Kale served as the Chief Executive Officer of TP Western Odisha Distribution Limited (TPWODL) since 2021

Adani Power revives old ambitions as power demand surges in India

At present, the largest power producer in the country is NTPC with 75 Gw capacity and the largest private sector player is Adani Power, with Tata Power a close second

Tata Power Renewable Energy commissions 200 MW solar project in Rajasthan

Tata Power Renewable Energy Ltd on Monday said it has commissioned a 200 MW solar project in Bikaner, Rajasthan. The project is expected to generate around 485 million units of green energy annually offsetting over 3,88,000 tonnes of carbon footprints, Tata Power Renewable Energy Ltd (TPREL) said in a statement. Subsidiary TP Saurya Ltd (TPSL) has commissioned a 200 MW solar project located in Bikaner, Rajasthan, for Tata Power Trading Company Ltd (TPTCL). The project will be integrated into the Central Transmission Utility (CTU) Bus, ensuring efficient distribution of clean energy across the region, it said. The total renewables capacity of TPREL has reached 9,018 MW (PPA capacity is 7,632 MW), including 4,547 MW projects under various stages of implementation and operational capacity is 4,471 MW, which includes 3,444 MW solar and 1,027 MW wind. A subsidiary of Tata Power, TPREL is a developer of renewable energy projects, including solar, wind, hybrid, round-the-clock (RTC), peak

Tata powers Rekha Jhunjhunwala's portfolio in 2024; outperforms markets

Of top 10 companies in Rekha Jhunjhunwala's portfolio total 8 stocks have given positive returns; while Metro Brands and Fortis Healthcare recorded negative returns of 11 per cent and 4 per cent

TPSSL commissions 100 solar project with 120 MWh battery storage capacity

Tata Power Solar Systems (TPSSL) on Tuesday said it has commissioned 100 MW solar PV project, coupled with 120 MWh utility scale battery energy storage systems (BESS), at Rajnandgaon in Chhattisgarh. TPSSL bagged the Rs 945-crore project on EPC (engineering procurement construction) basis from the Solar Energy Corporation of India Ltd (SECI) in December 2021, a statement said. The order scope included engineering, design, supply, construction, erection, testing, O&M, and commissioning of the projects. According to the statement, TPSSL, a fully integrated solar company in India and a wholly owned subsidiary of Tata Power Renewable Energy Ltd (TPREL), has successfully commissioned the country's largest solar and BESS project comprising 100 MW Solar PV Project coupled with 120 MWh Utility Scale Battery Energy Storage System (BESS), at Rajnandgaon in Chhattisgarh. The TPSSL team displayed exceptional project execution and engineering prowess during the project execution, which faced ..

These 2 Tata Group stocks can dip up to 16% in the near term, charts hint

Tata Chemicals had rallied 46 per cent in the last six trading sessions; a 50 per cent retracement of the rally could see the stock dip to Rs 1,217, shows chart

MERC partly allows Tata Power's plea for tariff hike, energy to get dearer

The Maharashtra Electricity Regulatory Commission (MERC) on Thursday partly allowed Tata Power's petition to hike electricity charges for its consumers in the financial capital. The regulator's order will give some relief to lower-end consumers, and the tariff hikes will be over 50 per cent as well. The revisions are for FY25, and effective from April 1. Earlier, the power utility, which serves over 7.5 lakh consumers in the city, had proposed a "rationalization" of tariffs where it was pitching for more than doubling the rate per unit paid by those consuming up to 100 units per month, while the extent of the proposed hike was lower for those at the higher end. In a statement issued after the MERC order, Tata Power said even after the order, its tariff for the residential category of up to 100 units remains "the lowest" when compared with competition. It, however, conceded that its tariff for the 101-300 units a month category is "slightly higher than other private player". The ..

BluSmart, Tata Power subsidiary sign agreement to source green power

This partnership with TPTCL will help BluSmart to eliminate Scope 2 emissions from its existing 1.4 million square feet of EV charging infrastructure and future charging hubs

Stocks to Watch today: Zee, Hindalco, RIL, Tata Power, Paytm, TVS Supply

Stocks to watch on Wednesday, February 21, 2024: In news today - Sebi finds Rs 2,000 cr fund diversion in Zee; Hindalco arm files IPO papers in US; Rolls Royce extends pact with TVS Supply Chain.

Tata Power gets LoI to develop Jalpura Khurja power transmission project

Tata Power on Friday said it has received a letter of intent from REC Power Development and Consultancy to develop the Jalpura Khurja Power Transmission project at an estimated cost of Rs 838 crore. In an exchange filing, Tata Power said, "It has received a letter of intent (LoI) from REC Power Development and Consultancy Ltd (RECPDCL) -- a wholly-owned subsidiary of REC Ltd -- to acquire Jalpura Khurja Power Transmission Limited, a project special purpose vehicle". The estimated cost of the project is Rs 838 crore, Tata Power said. The project SPV will be developed on a build-own-operate transfer (BOOT) basis to provide transmission service for 35 years from the scheduled date of commercial operation (SCOD), 18 months from the date of SPV acquisition. RECPDCL, a wholly-owned subsidiary of REC Limited, has been acting as bid process coordinator (BPC) for tariff-based competitive bidding (TBCB) in transmission line projects and RE-bundling projects. Under the Ministry of Power, REC

Tata cuts EV prices by up to Rs 1.2 L to pass on battery price reduction

Indian automaker Tata Motors' electric vehicle (EV) unit on Tuesday said it reduced prices of its cars by up to 1,20,000 rupees ($1,445.54) to pass on battery price reduction benefits to its customers

Tata Power stock likely to remain subdued in near-term; here's why

The company is focussed on tapping the market for high-margin captive renewables opportunities, exploring brownfield pumped hydro storage, and expanding the transmission business beyond distribution

Tata Power dips 6% on profit booking post Q3 results

As the country witnesses a surge in power demand, Tata Power is well positioned to capitalise on the growth momentum, the management said

Domestic, rural consumers also driving power demand: Tata Power CEO

In the last two years, the CAGR growth is nearly 10 percent, which is phenomenal in the sense that earlier the growth used to be in the range of 5- 6 percent, Praveer Sinha said

Tata Power Q3FY24 results: Net profit remains muted at Rs 953 crore

The net sales for the company in the same period also registered a modest growth of 3.7 per cent to Rs 14,651 crore from a year ago

Tata Power Q3FY24 results: Net profit rises 2% to Rs 1,076 crore

Tata Power on Friday posted a marginal increase of 2 per cent in its consolidated net profit at Rs 1,076 crore in December 2023 quarter. Its consolidated net profit was Rs 1,052 crore in the quarter ended on December 31, 2022, a company statement showed. Total revenues also rose to Rs 14,841 crore in the quarter from Rs 14,339 crore in the same period a year ago. Praveer Sinha, CEO and Managing Director, Tata Power, said in the statement, "Our core businesses continue to perform well and have helped the Company clock its 17th consecutive PAT (profit after tax or net profit) growth quarter." Our consistent performance shows strong fundamentals of excellence in operational performance and project execution capability, he noted. As the country witnesses a surge in power demand, Tata Power is well positioned to capitalize on the growth momentum with its cutting-edge, customized and cost-effective clean and green energy solutions, he said. The company stated that better realisation in

Tata Power-DDL, ASCI partner for skill training in power, renewable energy

Tata Power Delhi Distribution Ltd (Tata Power-DDL) is a 51:49 per cent joint venture between Tata Power and the Government of NCT of Delhi. The power discom supplies electricity to 7 mn households

Tata Power-led discoms receive higher consumer service ratings for FY23

Tata Power on Wednesday said six discoms wherein it is a stakeholder have received higher consumer service ratings for FY23 among utilities nationwide. Union Minister for Power and New and Renewable Energy R K Singh launched Consumer Service Ratings of DISCOMs (CSRD Report) during the Review Planning & Monitoring (RPM) meeting of the power sector in New Delhi recently, Tata Power said in a statement. "Tata Power-led six discoms serving over 13 million consumers across various parts of the country have been featured among the top-rated discoms in the country. Company's power distribution utilities in Delhi and Odisha have received higher rankings in the third edition of the report. The report captures the current status of consumer services across various DISCOMs," the company said. As per the report, Tata Power Delhi Distribution Ltd (TPDDL), a joint venture of Tata Power and the Delhi government, is among the top discoms, achieving A+ ranking among all the 62 rated discoms in the

Tata Power Renewable Energy installs 1,000 kW solar project in West Bengal

Tata Power Renewable Energy Ltd (TPREL) on Monday said it has commissioned a 1,000-kilowatt bifacial solar system project in West Bengal. Bifacial solar system comprises solar panel which captures sunlight from both surfaces and produces power from two sides. "TPREL has successfully commissioned a pioneering 1040 kW Bifacial Solar System project with Chengmari Tea Estate. This marks the first-ever installation of on-ground bifacial modules in eastern India," the Tata Power company said in a statement. The project is expected to generate around 1.5 million units (MUs) of energy annually and reduce carbon footprint of 29,420 lakh tonnes, which is equivalent to planting 47,000 teak trees. The project is located in West Bengal. Deepesh Nanda, MD & CEO, Tata Power Renewable Energy Limited, said, "The innovative bifacial technology, capturing sunlight from both sides of the solar panels, represents a significant leap forward in enhanced clean energy generation. We are proud to be at the

Tata Power to hold 'lok adalat' for north Delhi consumers on January 28

Power distribution company TPDDL will organise a special "Lok Adalat" in association with the Delhi State Legal Services Authority (DSLSA) to offer on-spot-settlement of electricity theft cases on January 28, a discom official said Thursday. The special court will start at 10 am near Venkateshwar Global School in Rohini Sector-13, the Tata Power Delhi Distribution Limited (TPDDL) spokesperson said. The litigants can register for the Lok Adalat by dialling 19124 or writing to eac.care@tatapower-ddl.com. The complainants must carry their photo identity and a copy of their theft bill during the Lok Adalat. "Consumers who look forward to settling their power-theft cases can utilise this opportunity for an amicable and immediate settlement of unsolved cases. In case of a default, the company will be obliged to initiate criminal proceedings against the consumers under the Electricity Act, 2003," he added.