Page 16 - Tata Power

Sensex snaps 4-day losing streak, ends 721 pts up; Nifty reclaims 18,000

CLOSING BELL: The NSE Nifty shut shop at 18,015, up 208 points. Broader indices outperformed the benchmarks with gains of up to 3 per cent.

Stocks to Watch: Suven Pharma, Telecom, Restaurant, Travel, DLF, Tata Power

Stocks to Watch: Shares of restaurant and travel related firms are likely to be in foucs as government ups the ante to keep the new variant of Coivd-19 virus at bay.

Tata Power plans to raise up to Rs 2,000 cr via bonds to finance biz ops

Tata Power's gross debt marginally rose to Rs 49,535 crore as of September this year, from Rs 47,590 crore as of March

Japan's MUFG Bank extends Rs 450 cr credit facility to Tata Power

Tata Power on Friday said it has received a Rs 450 crore "sustainable trade finance facility" from MUFG Bank of Japan to fund its solar projects in India. This credit facility was extended for two solar projects under TP Kirnali Limited (TPKL), the company said in a statement. TPKL is a 100 per cent subsidiary of Tata Power Renewable Energy Limited (TPREL). According to the statement, it is the first sustainable trade finance facility offered by MUFG in India and TPKL will utilise the funds towards generating renewable energy capacity. MUFG has extended the financing to fund TPKL's two solar power projects - a 100 MW renewable project in Parthur, Maharashtra and a 120 MW green energy project in Mesanka, Gujarat. Sanjeev Churiwala, CFO, Tata Power, said his company's association with MUFG will open up opportunities to explore raising more green finance as Tata Power expands clean energy portfolio to contribute towards India's net zero targets. Shashank Joshi, Deputy CEO of MUFG In

2023 could be another strong yr for coal as demand may reach record levels

Coal India, companies with captive coal mines in steel, power and other sectors will be at an advantage

Stocks to Watch: Tata Power, M&M, Tata Motors, Ashoka Buildcon, Spandana

Stocks to Watch Today: Balrampur Chini, BHEL, Delta Corp, GNFC, Indiabulls Housing Finance, IRCTC and PNB are the seven stocks in F&O ban period on Monday.

Tata Power seeks regulator nod to raise tariffs and offset fuel cost surge

A spike in coal prices has increased cost of generation

Stocks to watch: YES Bank, Paytm, Vedanta, SBI, Axis Bank, Tata Motors

Stocks to watch today: Private equity majors Carlyle Group and Advent picked 9.99 per cent stake in YES Bank; Paytm approved buyback of shares worth Rs 850 crore

Tata Power gets shareholder nod to appoint Mehrishi as independent director

Tata Power has received shareholders approval to appoint former Union home secretary Rajiv Mehrishi as an independent director on its board. The special resolution for the appointment of Mehrishi as an independent director was passed with requisite majority, according to a regulatory filing on Tuesday. Mehrishi is a retired Indian Administrative Service (IAS) officer of the 1978 batch belonging to the Rajasthan cadre and has a wide experience of over 42 years. He has served in various key posts in Union and Rajasthan governments. Among other positions, he has served as Union home secretary, was also the 13th Comptroller and Auditor General of India (C&AG). In 2022, he was awarded the Padma Bhushan.

Odisha bags about Rs 8.9-trillion investment intent in two days

Tata Power CEO and MD Praveer Sinha announced a Rs 6,000 crore capital investment by the company in Odisha

Tata Power announces Rs 6,000 crore capital investment in Odisha

Tata Power CEO and MD Praveer Sinha announced a Rs 6,000 crore capital investment by the company in Odisha. Speaking at the Make in Odisha Conclave here on Thursday, Sinha said the four power discoms of Odisha, where Tata Power has a majority stake, are committed to Rs 6,000 crore capex investment in the next five years. Sinha said the company will also set up 1,000 electric vehicle (EV) charging points, 1,00,000 solar pumps, microgrids, rooftop and floating solar plants in the next five years. He welcomed the Odisha government's Renewable Energy Policy 2022 unveiled at the Make In Odisha Conclave here. The Tata Power CEO said the company has been engaged in power distribution across Odisha and is committed to ensure ease-of-doing business through quality power supply. "Tata Power is committed to ensure 'Udyog Ru Pragati' (progress through entrepreneurship) by offering high-quality and affordable power supply to enable a conducive environment for industrial development. Our clean

Hackers exploited discontinued web server at Tata Power: Microsoft

Microsoft has warned that state-sponsored hackers are attacking critical energy infrastructure in India via exploiting a discontinued web server, with the most recent attack observed on Tata Power

Stocks to Watch:TCS, Keystone Realtors, Tata Power, Biocon, HG Infra, Adani

Stocks to Watch: Keystone Realtors will debut on the BSE and NSE today. The issue price has been fixed at Rs 541 per share

SC asks state commissions to frame regulations to determine power tariff

Supreme Court directed all state regulatory commissions to frame regulations under Section 181 of the electricity act on the terms and conditions for the determination of tariff within three months

SC dismisses Tata Power's appeal against MERC awarding project to Adani

After several power outages in Mumbai, the MERC in 2013 gave its approval to the detailed project report of the Aarey-Kudus electricity transmission project of Reliance Energy

NTPC, Tata Motors: Analysts bet on renewable energy stocks for long-haul

Analysts see the renewable energy sector as a long-term structural play given the growing climate awareness and the government's efforts towards adoption of green energy sources

Tata Power, Adani Transmission: Is the bull-run over in power stocks?

Earlier this year, Power Grid Corporation, Adani Transmission, Tata Power and Torrent Power scaled record highs, but now are seen trading almost 11 - 22 per cent lower from their respective peaks.

Tata Power Renewable Energy to set up 150 MW solar project in Solapur

Tata Power Renewable Energy said it has received a 'letter of award' to set up a 150 MW solar project in Solapur, Maharashtra. The project will be commissioned within 18 months from the power purchase agreement (PPA) execution date. "Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power receives the 'Letter of Award' (LoA) from the Maharashtra State Electricity Distribution Corporation Ltd (MSEDCL) to set up 150MW solar project in Solapur, Maharashtra," it said in a statement. The LoA was won through tariff-based competitive bidding followed by an e-reverse auction, it added. TPREL CEO Ashish Khanna said, "The award is in line with our commitment to create a sustainable ecosystem for transitioning towards a greener future and affirms our potential to deliver...world-class solar projects." With this, the total renewables capacity of TPREL has reached 5,786 MW with an installed capacity of 3,877 MW (solar - 2,949 MW and wind - 928 MW) and 1,909 MW under various stages

A first for industry: Hyundai may ink pacts for direct power purchase

Such direct contracts will assist the carmaker in getting cheap power

Sensex rises for 3rd day, up 787 pts; Nifty tops 18K amid broad-based rally

CLOSING BELL: The Financial Services, IT, Pharma, Auto, and Consumer Durable indices gained over 1 per cent each, while others added up to 1 per cent