Page 12 - Tata Power

Delhi's coldest morning this winter pushes power demand to all-time high

With Delhi reeling under intense cold, the peak power demand of the city surged to an all-time high of 5,701 MW on Friday morning. According to the State Load Dispatch Centre's real-time data, the peak power demand of Delhi at 10.49 AM on Friday was 5,701 MW. The power discoms have estimated the winter peak power demand to reach up to 5,760 MW this year. The previous highest peak winter demand was 5,611 MW on Wednesday morning. The national capital on Friday recorded its lowest temperature this winter with the minimum dipping to 3.9 degrees Celsius, three notches below the season's average, the weather department said. The India Meteorological Department (IMD) said it is the lowest minimum temperature in the last five years. Since January 1, Delhi's peak power demand has risen by over 11 per cent, discom officials said. A BSES spokesperson said that company's discoms -- BRPL and BYPL -- successfully met the peak power demand of 2,484 MW and 1,185 MW respectively. Up to 60 per ce

Stocks to Watch: TCS, Infosys, Tata Power, Nykaa, LIC, M&M,Ultratech Cement

Stocks to Watch on January 12, 2024: Crude oil jumped 2 per cent to $79 after the US and UK striked Houthi targets in Yemen in response to the Red Sea attacks

Vibrant Gujarat Summit: TPREL plans to invest Rs 70,000 cr in Gujarat

Tata Power's arm Tata Power Renewable Energy Limited (TPREL) plans to invest Rs 70,000 crore for the development of 10,000 MW of renewable energy power projects in Gujarat. The company has signed a Memorandum of Understanding (MoU) with the Gujarat government in this regard at the ongoing 10th edition of Vibrant Gujarat Global Summit 2024 in Gandhinagar. These projects would generate 3,000 job opportunities, the company said in a statement. "The 10,000 MW renewable energy power projects comprise solar, wind, hybrid, Round The Clock (RTC), peak, and Firm and Dispatchable Renewable Energy (FDRE), covering an extensive 50,000-acre of encumbrance-free government land," it said.

Private capex has been very good, says Tata Power MD Praveer Sinha

Tata Power's Managing Director and Chief Executive Officer Praveer Sinha on Wednesday said the private capital expenditure has been "very good". Sinha, who is also the chairman of industry lobby CII's Western Region, said that he expects the upcoming Union Budget to continue with the existing policy framework. "I think the private investment has been very good," Sinha told PTI. He was responding to a query about concerns over sluggish private capital investments. According to him, the private sector is investing in new opportunities and technologies like artificial intelligence, sustainability, renewable energy and semiconductor technologies. India will play an important role in the global arena going ahead, Sinha said, affirming the private sector's commitment to contribute its best in the journey. Analysts are concerned about the lack of interest in the private sector to invest, which can be a major growth driver for the economy, despite the very high capacity utilisation.

Tata Power plans to boost renewable capacity fourfold by 2027: Report

Besides Gujarat, the company is tapping other Indian provinces with large potential for producing clean power

Power equipment sector's order book charged up on transmission projects

Between April to December 2023, close to 35 projects worth Rs 60,000 crore were offered under tariff-based competitive bidding

TN global investors meet: Tata Power to invest Rs 70K cr in green units

Set to be firm's highest investment in any state

Met winter's record peak power demand of 1,631 MW: Tata Power-DDL

Tata Power Delhi Distribution Limited on Monday successfully met this winter season's record peak power demand of 1,631 MW without any network constraint and power outage, the company said in a statement. The company is expecting the peak demand to breach 1,800 MW this season and has made long-term power tie-ups to meet the requirement, it added. "Our power-supply arrangements during the winter months include long-term agreements with power plants like Maithon Power, Jhajjhar Power, SJVNL, THDC, NTPC stations, Delhi-based gas-fuelled generating stations and other solar and wind tie-ups made by Tata Power-DDL," it said. In 2022-23, the winter peak demand stood at 1,750 MW, while in 2021-22 and 2020-21, it was at 1,620 MW and 1,572 MW respectively. Tata Power-DDL is adequately prepared for the winter season and has been working towards strengthening its power network and conducting preventive maintenance and condition-based maintenance of all critical electrical installations, the ..

No pre-election lull in execution, orders so far, say cement, steel firms

Cement dealers and executives from ratings agencies echo Acharya's view

Tata Power, Indian Oil tie up to deploy 500 EV charging points across India

Tata Power on Monday said its subsidiary Tata Power EV Charging Solutions has inked an agreement with India Oil Corporation Ltd (IOCL) to install more than 500 fast and ultra-fast electric vehicle (EV) charging points across India. Tata Power will install EV charging points across multiple IOCL retail outlets, a statement said. Tata Power EV Charging Solutions Limited (TPEVCSL), a Tata Power Group Company and one of the leading EV Charging solutions providers, and the IOCL have signed a memorandum of understanding (MoU) to roll out fast and ultra-fast electric vehicle (EV) charging points across India. These EV charging points will be installed in major cities like Mumbai, Delhi, Kolkata, Bengaluru, Ahmedabad, Pune, and Kochi, as well as across major highways such as the Mumbai-Pune Expressway, Salem-Kochi Highway, Guntur-Chennai Highway and the Golden Quadrilateral. This strategic collaboration focuses on building a reliable and expansive intercity charging network which will help

Tata Power ties up with Indian Oil to set up over 500 EV charging stations

IOCL said it is aiming to provide 10,000 EV charging stations in India by 2024 transforming the retail network to complete energy solutions outlets

68 companies blaze a trail, capturing 56% of India's market; PSUs take lead

FORTUNE'S FAVOURED FEW: Sixty-eight companies blaze a trail, capturing 56% of India's market; PSUs take the lead

Tata Power soars 6%; hits new high after 20 months on positive outlook

CRISIL Ratings expects Tata Power's consolidated adjusted Ebitda to be more than Rs 12,000 crore each in fiscals 2024 and 2025, against around Rs 11,500 crore in FY23 and around Rs 9,600 crore in FY24

TCS, Tata Motors, Titan, IHCL: Track key levels for Tata Group stocks

Among the Tata Group stocks, shares of Tata Motors could potentially top the Rs 900-mark, while a select few could gain in the range of 15 - 19 per cent from present levels.

Stocks to Watch today, Dec 4: SBI, HUL, Salasar Techno, Tata Power, Alkem

Stocks to Watch on Monday, December 4, 2023: Hindustan Unilever has decided to split its beauty and personal care business into two separate divisions

Tata Power acquires Bikaner-Neemrana Transmission Project via bidding

Tata Power on Saturday said it has acquired Bikaner-Neemrana Transmission Project through a bidding process. Bikaner-III Neemrana-II Transmission Ltd is a special purpose vehicle (SPV) set up by PFC Consulting, for the project. The company has acquired Bikaner-Neemrana Transmission Project to boost renewable energy evacuation in India, a company statement said. The company received the letter of intent (LOI) after emerging as a successful bidder in the Tariff-Based Competitive Bidding (TBCB) process, as per the guidelines issued by Ministry of Power, it added. The project, which will be developed on a Build-Own-Operate-Transfer (BOOT) basis, will enable the evacuation of 7.7 GW of renewable energy from the Bikaner Complex in Rajasthan. The project entails establishment of a 340-km transmission corridor from Bikaner-III pooling station to Neemrana II substation. Tata Power will maintain the transmission project for a period of 35 years. It is estimated to cost Rs 1,544 crore and i

Tata Power to invest Rs 60k cr till FY27, bulk of it in renewable capacity

Tata Power will be investing Rs 60,000 crore over the next three years with almost half of it in the renewables sector, a top official said on Tuesday. The company, which is into power generation, transmission and distribution, will not be adding any new coal-based "thermal power capacity", its chief executive and managing director Praveer Sinha told reporters here. It is investing up to Rs 15,000 crore in FY24, and will take it to up to Rs 20,000 crore in FY25, Rs 22,000 crore in FY26 and Rs 23,000 crore in FY27, to take the overall capex to Rs 60,000 crore by FY27. In addition to two hydel pumped storage projects (PSP) of 2,800 mw entailing an investment of Rs 13,000 crore announced earlier, the company has identified another three similar projects having the potential to generate up to 9,000 mw of power in the close vicinity, Sinha said. Underlining that brownfield expansions like PSPs is better from the financial perspective, Sinha said it takes about Rs 5 crore of investment p

In a first, Tata Power Renewable Energy secures 200 MW FDRE project

Tata Power Renewable Energy Ltd (TPREL) has bagged a 200 MW firm and dispatchable renewable energy (FDRE) project from SJVN Ltd. FDRE provides round-the-clock power supply and supports the discoms in meeting renewable purchase obligation (RPO) and energy storage obligation (ESO), Tata Power said in a regulatory filing. The company said its subsidiary, "Tata Power Renewable Energy Limited (TPREL), has received a Letter of Award (LOA) for developing the 200 MW FDRE project with SJVN Ltd (SJVN)," the company said. The company, however, did not disclose the financial details of the order. SJVN is a public sector undertaking (PSU) involved in hydroelectric and renewable power generation and transmission and has been designated as the Renewable Energy Implementing Agency (REIA) by the Ministry of New & Renewable Energy (MNRE) for achieving the nation's target of achieving 500 GW by 2030. This is the first FDRE power tender won by TPREL. It (tender) also includes a greenshoe option, ...

CRISIL upgrades outlook on Tata Power to 'positive' on profitability view

Tata Power on Wednesday said Crisil Ratings has upgraded its outlook on the company to 'positive' on expectation of an improvement in operating profitability this fiscal. The ratings agency had earlier assigned a 'stable' outlook on the company, Tata Power said in a regulatory filing. "CRISIL Ratings Limited has upgraded its outlook on the company (Tata Power) from AA/Stable Outlook to AA/Positive Outlook," it said. The revision in outlook reflects the possibility of better-than-expected business risk profile, if the improvement in operating profitability in fiscal 2024, across power generation and distribution business, sustains along with a continuing healthy financial performance with consolidated net leverage (ratio of net debt to EBIDTA) remaining within rating threshold, it said. The increase in operating profitability of Tata Power since fiscal 2023, is mainly on account of better profitability of its Mundra Ultra Mega Power Project (Mundra plant), improved efficiency in Odi

Tata Power adds to EV charging infrastructure on Chandigarh-Shimla route

Tata Power on Tuesday said it has ramped up Electric Vehicle (EV) charging infrastructure on the Chandigarh-Shimla route to facilitate eco-friendly travel. The route connects two major cities -- Chandigarh and Shimla -- serving as a crucial link for travellers and businesses alike. "Tata Power, one of India's largest and leading EV charging solutions providers announced the activation of its EV charging infrastructure along the Chandigarh- Shimla highway, covering a total distance of 111 kms and addressing the demand for reliable charging options on this popular route," a company statement said. The strategically positioned charging stations at Hotel Falcon Crest on the Chandigarh-Shimla Highway around Kandaghat and The Oberoi Cecil, Chaura Maidan Road near Shimla, enhance the feasibility of EV travel on the route, as per the statement. The first charging point is 83 km from Chandigarh to Hotel Falcon Crest, and the other is 26 km from Hotel Falcon Crest to The Oberoi Cecil. Consu