Page 24 - Tata Power

Siemens, Tata Power-DDL deploy smart metering tech in north Delhi

Siemens and Tata Power Delhi Distribution Ltd (Tata Power-DDL) have jointly announced deployment of smart metering technology for over two lakh smart meters in north Delhi. "Siemens Ltd and Tata Power Delhi Distribution Ltd jointly announced the successful deployment of smart metering technology for over 2,00,000 smart meters in north Delhi," Siemens said in a statement. The state-of-the-art EnergyIP Meter Data Management System, installed and commissioned by Siemens, enables timely and accurate collection of electricity meter data, leading to increased visibility of the consumer network and reduction in carbon emissions. The AMI (advanced metering infrastructure) programme is one of Tata Power-DDL's key strategic initiatives for the modernisation of the grid. This implementation will help the consumers in real-time consumption monitoring and better energy usage management while also providing them outage and low power factor alerts. It will also enable faster outage ...

Tata Power Solar bags Rs 386 cr battery storage system project at Leh

Tata Power Solar Systems has received a notice of award to build 50MWp solar PV plant with 50MWh battery energy storage system project at Phyang village in Leh, Ladakh.

Tata Power's net profit zooms 74% to Rs 466 cr in June quarter

Total income during April-June 2021 increased to Rs 10,145.89 crore, compared with Rs 6,540.42 crore in the year-ago period

Tata Power tops Crisil ESG scores for power companies in India

Tata Power on Thursday said it has secured the highest score among its peers in the Indian power sector in rating agency Crisil's recently launched environmental, social and governance (ESG) scores.

Tata Power ties up with HPCL to provide end-to-end EV charging stations

Tata Power has joined hands with Hindustan Petroleum Corporation Ltd to provide end-to-end electric vehicle charging stations at the latter's retail outlets at multiple cities and major highways

Tata vs Reliance: A two-front battle -- renewable energy and retail

Their renewable energy and retail plans offer contrasting strategies; if they pan out, the consumer is the guaranteed winner

A new green wave of growth

Vandana Gombar assesses the green energy plans of Reliance, NTPC, Tata and Ola

Tata Power shareholders okay re-appointment of N Chandrasekaran as director

Chandrasekaran was appointed as non-independent non-executive director of the firm on February 11, 2017.

Tata Motors and Tata Power put up India's largest Solar Carport in Pune

Spanning over 30,000 square meters, this carport will not only generate green power, but will also provide covered parking for finished cars in the plant.

Electrifying game: Private power producers turn up investment cycle

Tata Power, for instance, has reduced its consolidated net debt by Rs 11,400 crore in the last three years to Rs 36,559 crore as on March 31, 2021

Tata Power arm CGPL raises Rs 570 cr via non-convertible debentures

Tata Power on Thursday said its wholly-owned subsidiary CGPL has raised Rs 570 crore through issuance of non-convertible debentures (NCDs). "Coastal Gujarat Power Limited (CGPL)... has successfully issued and allotted unsecured, rated, listed, taxable, guaranteed, redeemable NCDs for an amount of Rs 570 crore on private placement basis issued for a tenor of 3 years," Tata Power said in a BSE filing. The proceeds of the NCDs will be utilised by CGPL towards refinancing of its existing debt, capital expenditure and augmentation of working capital, it said. The proceeds will not be used for any purpose for which bank finance is not permitted by the RBI including investments in capital markets, real estate and on-lending, it added. The NCDs have been rated IND AA(CE)/Stable by India Ratings & Research and will carry a coupon rate of 5.70 per cent, payable annually, the filing said. The debt obligations of CGPL under the NCDs are guaranteed by the company.

BSE Power index hits over 10-year high; analysts advise booking profit

On Tuesday, the S&P BSE Power index hit a 10-year high of 3,008, a level last seen in January 2011, in intra-day trade. Adani Power, meanwhile, hit a record high of Rs 151

Stocks to watch: Rossari Biotech, Tata Power, RIL, Ruchi Soya, sugar stocks

Gujarat State Petronet, APL Apollo Tubes, Arvind Fashions, Nucleus Software Exports and Quess Corp are among 29 companies slated to post their quarterly numbers today

Post-cyclone: Tata Power starts restoring electricity supply in Odisha

Tata Power on Friday said it has started restoration work in Odisha where cyclone Yaas caused disruptions.

Stabilising ultra mega coal plant remains a major concern for Tata Power

This at a time when the company is focusing on renewable energy

Tata Power will be net zero-carbon by 2050, says CEO Praveer Sinha

We have now both urban and rural consumers. Our whole business philosophy is towards renewable, said Sinha

Stocks to watch: L&T, DRL, UPL, Eicher Motors, Happiest Minds, Tata Power

Royal Enfield said it has decided to shut down its two manufacturing facilities between May 13-16 amid a second Covid wave

Tata Power board okays raising up to Rs 5,500 crore through NCDs

The NCDs can be issued on private placement basis to any persons, entities, companies, banks and financial institutions.

Tata Power's Q4 consolidated net profit rises marginally to Rs 481 cr

Tata Power on Wednesday posted a marginal rise of one per cent in consolidated net profit at Rs 481.21 crore for March quarter 2020-21. It had clocked a net profit of Rs 474.70 crore in the year-ago period, the company said in a BSE filing. Total income rose to Rs 10,222.48 crore in the quarter from Rs 6,793.95 crore in the same period a year ago. The company said the rise in consolidated net profit in March quarter is "due to saving in finance cost offset by exceptional gain in PY (previous year)." The consolidated net profit of the company in 2020-21 also rose to Rs 1,438.65 crore from Rs 1,316.44 crore in the previous year. Total income in the year increased to Rs 32,907.34 crore from Rs 29,698.98 crore in 2019-20. The company's board in its meeting on Wednesday recommended a dividend of Rs 1.55 per equity share of Re 1 each to the shareholders for 2020-21. The Annual General Meeting (AGM) of the company is scheduled to be held on July 5, 2021, it said. Praveer Sinha, CEO &

Trading ideas by Ventura Securities: Buy Tata Power, Larsen & Toubro

Tata Power's stock has the strength to achieve a target of 140-160 in the coming days