Page 12 - Tata Power

Tata Power arm to set up 4.4 MW solar energy project for ANANG Group

Tata Power Renewable Energy Limited (TPREL) on Tuesday said it has signed an agreement with automotive components maker ANAND Group to set up a captive 4.4 MW solar project. In a statement, the Tata Power arm said it will facilitate the generation of 10 million units of clean energy and eliminate 5,500 tonnes of carbon emissions annually as part of the agreement. TPREL has signed a power delivery agreement (PDA) for 4.4 MW AC with the ANAND Group, it said. "This group captive project highlights our commitment to support the automotive industry in becoming more sustainable and environmentally focussed," Tata Power Renewable Energy Limited CEO Ashish Khanna said. Previously, Tata Power and the ANAND Group collaborated for a 10.1-MW Solar PV park power project, located in Maharashtra. TPREL's total renewables capacity is at 7,787 MW including 3,655 MW projects under various stages of implementation. It has an operational capacity of 4,132 MW, which includes 3,139 MW solar and 993 MW

Tata Power, Zoomcar join hands to push electric vehicle adoption in India

The collaboration aims to promote Tata Power's EZ Charge points on the Zoomcar platform and will focus on supporting existing and aspiring EV owners along with Zoomcar's existing customers

Tata Power gains 3%, hits 52-week high on improved financial performance

In the past four days, the stock has surged 10% after Tata Power Renewable Energy signed a Power Purchase Agreement for 9MWp on campus solar plant with Tata Motors Pantnagar plant in Uttarakhand

Encouraging results for April-June quarter of FY24 lifts Tata Power stock

However, analysts have mixed views due to muted coal price outlook

Tata Power Delhi Distribution exceeds renewable purchase target for FY23

Tata Power Delhi Distribution on Thursday said it has fulfilled the renewable purchase obligation for the third year in a row and bought 26 per cent of electricity from clean energy sources in 2022-23. Under the Renewable Purchase Obligation (RPO), discoms are required to source a fixed percentage of their total power purchase from renewable energy sources. "Tata Power Delhi Distribution Ltd has fulfilled the RPO for the third consecutive year, a unique feat for any discom in the country," a company statement said. The company, which supplies electricity to 70 lakh people in north and northwest Delhi, sourced 2,600 million units of green power in 2022-23 from various sources of renewable energy, including solar, wind, and hydro, it said. Renewable power constituted more than 26 per cent of the total units sold by the company to its consumers, it added. The RPO percentage varies from state to state and is fixed by the respective electricity regulatory commission. For the national .

Stocks to Watch today, Aug 10: Rate sensitives, IRCTC, Bata, Force Motors

Stocks to watch on August 10, 2023: Shares of rate sensitive sectors, such as auto, banks and real-estate will be in focus on Thursday as RBI announces its policy decision.

On course to develop round-the-clock renewable power: Tata Power CEO & MD

The company's consolidated revenue for Q1FY24 was Rs 15,003 crore, reflecting a minimal increase of 2 per cent

Tata Power Q1 net profit rises 29% to Rs 1,141 cr on higher revenues

Tata Power on Wednesday posted an over 29 per cent rise in consolidated net profit at Rs 1,140.97 crore in the June quarter on the back of higher revenues. The company had reported a net profit of Rs 883.54 crore in the year-ago quarter, according to a BSE filing. Total income rose to Rs 15,484.71 crore in the quarter under review from Rs 14,638.78 crore a year ago. "We have delivered a 15th consecutive quarter of PAT (Profit After Tax) growth on the back of strong performance across all business clusters. "This is the result of our effective strategies, operational efficiencies, and execution excellence driven by our committed workforce," Praveer Sinha, CEO & MD of Tata Power, said in a statement. Further, he stated that we have planned nearly Rs 12,000 crore of capex for the current financial year which would help us lead the green energy transition and in the growth opportunities in the transmission and distribution business. "Tata Power is well poised to develop ...

Stocks to Watch today, Aug 09: Adani Group, CIL, IRCTC, Tata Power, Siemens

Stocks to watch on August 09, 2023: Shares of Adani Enterprises and Adani Wilmar are likely to be in focus on Wednesday amid reports of stake sale in the latter company.

Tata Power to invest Rs 13,000 cr in Maha for pumped hydro storage projects

Tata Power on Tuesday announced a Rs 13,000 crore investment for setting up two pumped hydro storage projects (PSPs) in Maharashtra. Without sharing a timeline for the investment, the company said the two projects will have a combined capacity of 2,800 MW. Explaining what is a PSP, a company statement said water will be pumped from a lower reservoir to a higher reservoir during times of excess energy, and the same water will be used to power turbines located lower down to generate electricity during peak demand. The two PSPs will be set up at Shirawta, Pune (1,800 MW) and Bhivpuri, Raigad (1,000 MW) and generate employment for 6,000 people. The company has been operating hydel projects in the state for over a century, having a presence in Khopoli, Bhira and Bhivpuri. Bhira includes a 150 MW PSP capacity. A memorandum of understanding (MoU) was signed between the government of Maharashtra and the company on Tuesday in the presence of the state's deputy chief minister Devendra ...

Tata Power surges 10% in 3 days on positive outlook; stock nears 52-wk high

The base and peak demand is expected to maintain growth at above long-term trajectory during FY24 driven by higher industrial and commercial activities, digitalization and electric transportation.

Tata Power launches RFID-enabled cards to support its EV charging ecosystem

Tata Power on Monday launched a radio-frequency identification card, which, it said, will help accelerate the adoption of electric vehicles in the country. With the launch of the card, Tata Power aims to leverage its electric vehicle (EV) charging infrastructure, which includes over 40,000 home chargers, more than 4,000 public and semi-public charging points, and 250 bus-charging points across the country, the company said in a statement. The radio-frequency identification (RFID) card was launched by Praveer Sinha, chief executive officer and managing director (MD), Tata Power, along with Shailesh Chandra, MD of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility. The card offers convenience with its tap, charge, and go functionality, the statement said. The card features a built-in chip that enables efficient, secure, and seamless initiation of charging sessions and payments, it said.

TPDDL clocks highest peak power demand of 2,182 MW this season so far

Amid humid weather, power discom TPDDL clocked its highest peak demand of power in this season so far on Tuesday afternoon, the company said. Tata Power Delhi Distribution Limited (TPDDL), which has a customer base of 1.9 million in North Delhi, successfully met the demand of 2,182 MW, said a company spokesperson. "This has successfully demonstrated that our customers' increasing energy needs were taken care of without any network limitations or power disruptions," he added. According to State Load Dispatch Centre, Delhi's peak power demand was 7,279 MW at 3 PM. The peak demand in the TPDDL distribution area was 2,163 MW last Friday, when Delhi registered its highest peak demand of the year at 7,398 MW.

Tata Power 750,000 Mumbai customers to pay lower tarrif after APLTEL order

Tata Power on Friday said its 7.5 lakh consumers in Mumbai to get substantial tariff reduction after an order by Appellate Tribunal for Electricity (APTEL), staying hike by state regulator MERC. "The APTEL today passed an order granting interim relief sought by Tata Power by staying the Maharashtra State Electricity Regulatory Commission's (MERC) revised tariff schedule on MTR (multiple tariff revision) frameworks approved by the Hon'ble Maharashtra Electricity Regulatory Commission (MERC)," a company statement said. In the interim period, the tariff proposed by the company to MERC on March 31, 2020, becomes applicable once again, it added. This tariff is 25-35 per cent lower than the existing one and will be for the benefit of the consumers, according to the company. The consumer of Tata Power will benefit from this order. It also vindicates the stand of Tata Power that it can offer cheaper electricity to Mumbaikars, it stated. Customers of Tata Power in Mumbai will get the bene

Jamna Auto, Tata Power flash bullish breakout signals on charts

Tata Power is witnessing some aggressive buying traction. The stock is poised to re-test its peak in the coming months

Sensex zooms 340 pts, ends near 65,800; Nifty tests 19500; auto stocks lead

Closing Bell on July 6, 2023: This was the Nifty50 index's eighth straight session of gains

Stocks to Watch on July 6: JSW Steel, Adani Wilmar, DCB Bank, Zomato, BSE

Stocks to Watch on Thursday: JSW Steel will replace HDFC in the S&P BSE Sensex effective from July 13. Moreover, Zomato will replace the stock in S&P BSE 100 index

Tata Power bags Rs 1,744 cr smart metering project in Chhattisgarh

Tata Power on Wednesday announced bagging a smart metering project worth Rs 1,744 crore in Chhattisgarh. The order has been awarded by Chhattisgarh State Power Distribution Company Limited (CSPDCL), Tata Power said in a statement. "Tata Power receives order worth Rs 1,744 crore to implement smart metering project in Chhattisgarh. The LOA has been issued in conclusion to the tender floated by CSPDCL for three packages for different areas under the Chhattisgarh discom," it said. The project shall be carried out in the Raipur area (Raipur city and Raipur rural areas) of Chhattisgarh over a period of 10 years. The company will install and maintain 18.60 lakh meters in the given area, the statement said. Praveer Sinha, CEO & MD, Tata Power, said: "We are pleased to announce that we have won a significant order worth Rs 1,744 crore to implement smart metering project in CSPDCL. It is a testament to our execution expertise in delivering high value and specialized projects which are aimed

Tata Power partners with Le Roi Hotels to install 16 EV charging stations

Tata Power on Monday said it will install EV charging infrastructure at various hotel locations of Le Roi Hotels and Resorts across India. In a statement, Tata Power said it has "partnered with Le Roi Hotels and Resorts to install EV charging stations across their hotels at various locations in the country, in a collaborative effort to promote green mobility and enhance the sustainability of tourist destinations". Tata Power will install 16 chargers spread across 8 locations. There will be a balanced distribution of 8 fast DC (CCS-II) chargers and 8 AC (Type II) chargers, offering a comprehensive range of charging solutions for electric vehicle owners. The locations include Udaipur, Digha, Haridwar, Jammu, Tehri, Raipur, Corbett and Koti. "We aim to empower both residents and travellers to wholeheartedly embrace electric mobility with utmost confidence, creating a seamless and convenient experience for all," Virendra Goyal, Head of Business Development (EV Charging) at Tata Power,

Tata Power installs EV charging stations in West Bengal's Malda

Tata Power on Friday said it has installed public charging stations at a hotel in West Bengal's Malda, taking its total number of such EV mobility infrastructure across the state to over 150. It has installed two EV charging stations with capacities of 30 kw and 7.4 kw at the hotel, which is located 5 km from Malda railway station, on the KolkataSiliguri highway. All travellers or tourists coming to the hotel can make use of the Tata Power EZ Charge mobile app to find the nearest charging stations on the go. More than 1 lakh people in India have already downloaded the app, the company said. Tata Power currently has a network of 4,000 plus charging points, over 40,000 home chargers (for private usage), 250 plus electric bus charging points, and a live EV charging network in over 550 cities across India to build a sustainable EV mobility infrastructure, it added.